RNS Number:1752H
Plasmon PLC
19 July 2001

19 July 2001


Plasmon Plc ("Plasmon" or the "Company") Result of AGM, EGM and Board changes

Result of AGM

At the annual general meeting of the Company held earlier today, the
resolutions put to shareholders were duly passed.

Plasmon's Chairman, Mr. John Barrie Morgans said:

"First quarter trading was in line with management's expectations with growth
in European channel sales offsetting weaker trading in our North American
operations. Our consultancy and service businesses continue to perform well
and we expect a growing contribution from our new range of LTO tape
libraries."

Result of EGM

On 22 June 2001, Plasmon announced a placing of 13,200,000 new ordinary shares
of 5p each ("new Ordinary Shares") at an issue price of 83p each (the
"Placing"), incorporating an open offer of 5,407,851 new Ordinary Shares
("Open Offer Shares") on the basis of 1 Open Offer Share for every 7 existing
Ordinary Shares (the "Open Offer").

At the extraordinary general meeting of the Company held earlier today, the
resolutions put to shareholders in order to effect the Placing and the Open
Offer were duly passed. The Placing and the Open Offer remain conditional upon
admission of the new Ordinary Shares to the Official List, which is expected
to take place on 24 July 2001.

Board changes

Plasmon is pleased to announce today the appointment of Dr. Christopher
McFadden as a non-executive director of the Company with immediate effect. Dr.
McFadden has been a highly rated telecoms and technology research analyst for
many years, most recently at Merrill Lynch. He holds a PhD in Semiconductor
Physics from Cambridge University.

There is nothing further to disclose for Dr. McFadden pursuant to Rule 16.4 of
the Listing Rules of the UK Listing Authority.

As announced on 22 June 2001, Dr. Paul Nailor resigned as a non-executive
director of the Company at the AGM held earlier today.


END


Enquiries:


Plasmon Plc (01763 261466)          Citigate Dewe Rogerson (020 7638 9571)

Nigel Street (Chief Executive)          Martin Jackson / Sara Batchelor

Timothy Arthur (Finance Director)


Investec Henderson Crosthwaite (020 7597 5970)

Andrew Edwards (Director of Corporate Finance)


END