Proventec plc (AIM:PROV, Alternext:ALPTC), a provider of specialist steam cleaning and coatings technologies, announces that the Company is to seek shareholder approval for a special resolution at a General Meeting ("GM") to be convened for 11 a.m. on Monday 19 January 2009 at the offices of Pinsent Masons LLP, CityPoint, One Ropemaker Street, London EC2Y 9AH.

David Chestnutt, Chief Executive of Proventec, said: "As stated in the interims results, announced on Monday 24 November 2008, the Board believes the Group's balance sheet would benefit from some restructuring. We are seeking approval from Shareholders to cancel the Company's Share Premium Account and to reduce the issued share capital."
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