Source - BUS

Notice of GM

Mechan Controls Plc

MECHAN CONTROLS PLC

(incorporated and registered in England and Wales under number 03802853)

Proposed Buy-back of up to 200,000 Ordinary Shares

Notice of General Meeting

The Board of Mechan Controls PLC (“Company”) announces that it has today despatched a circular to shareholders convening a General Meeting of the Company at 11am on 20 October 2016 at the Company’s registered office to consider a resolution to approve a share buy-back of up to 200,000 Ordinary Shares.

Wilf Boardman, Managing Director of the Company commented:

“When your Board announced on 20th April 2016 that it was unlikely to find a purchaser for the Company as a whole, we said that we were looking at ways of realising additional value for shareholders. After consulting our advisers, we have decided that the best way to do so would be for us to put in place a share buy-back programme for the Company’s shares.”

As at close of business on 26 September 2016 the Company's issued share capital comprised 2,000,000 ordinary shares of 2.5 pence each. Each ordinary share carries the right to one vote at a general meeting of the Company and, therefore, the total number of voting rights in the Company as at close of business on 26 September 2016 is 2,000,000.

The Directors of Mechan Controls PLC take responsibility for this announcement

ENDS