INDIA OUTSOURCING SERVICES PLC
(to be renamed INDIAN RESTAURANTS GROUP plc)
Result of General Meeting
India Outsourcing Services plc (AIM: IOS) is pleased to announce that, at the General Meeting held earlier today, all of the resolutions contained in the circular dated 28 January were passed including resolutions approving the acquisition of the Mela Group and changing the name of the Company to Indian Restaurants Group plc.
Admission to trading on AIM of the Initial Consideration Shares is expected to occur tomorrow, 26 February 2008.
Haresh Kanabar, Non-Executive Chairman and Finance Director of the Enlarged Group, made the following comments: "We are delighted by the support of shareholders for our strategy of rolling out a nationwide chain of Indian restaurants based on the acquisition of the Mela Group. It is our intention to use the Mela Group's complementary Mela and Chowki brands to open new outlets and to acquire and rebrand existing sites.
"The UK Indian restaurant sector has a market size of £3 billion but to date there has been no national, branded operator. We see a clear opportunity over the medium term to replicate, with high quality but affordably priced Indian cuisine, the successes seen among pizza, pasta and tapas chains.
"Following today's General Meeting, I would like to take the opportunity to
welcome the award-winning chef Kuldeep Singh to the Company's Board as Executive Chef Director and the restaurant entrepreneur Ashraf Rahman to the Company's Board as Business Development Director."
For further information please contact:
India Outsourcing Services Plc 020 7297 0012
Amit Pau, Chief Executive
www.indiaoutsourcingservices.comW. H. Ireland Limited 0121 265 6330
Tim Cofman-Nicoresti / Katy Birkin
Buchanan Communications 020 7466 5000
Mark Court
This information is provided by RNS
The company news service from the London Stock Exchange
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