The Company announces that further to its announcement on 26 April 2010, the proposed CVA was approved and accepted at a meeting held earlier today and the resolutions proposed at the Company's EGM also held earlier today were approved. The Company will adopt an investing policy pursuant to Rule 15 of the AIM Rules and the Company's name will be changed to Otium Ventures plc. The Company's ordinary shares were expected to re-commence trading on AIM with effect from 7.00 a.m. on 13 May 2010. However, the Company has requested that its ordinary shares remain suspended while it finalises its financial and operational plans for the future. A further announcement in relation to the restoration of the Company's ordinary shares to trading on AIM will be made in due course. Certain terms used in this announcement are defined and have the same meaning as in the Company's announcement of 26 April 2010.