Amadeus said it had resolved to offer its shareholders the opportunity to participate in any up-side in the VCS business. The VCS strategic plan includes a potential rights issue to offer shareholders further participation and allow them to reach "minimum marketable parcels".

Amadeus said it aimed to create a listable vehicle, with the view to pursuing a float on a relevant exchange in the future.

VCS commenced business in May 2001 to manage the first WA-based venture involving remote control-room technology and currently contracts services to Worsley Alumina to balance power loads between its refinery and two remote off-take locations in Western Australia.

In addition, the company is currently completing a 'proof of concept' project with the Australian Co-operative Research Centre for Renewable Energy (ACRE) to provide real-time monitoring of power systems in remote communities in Western Australia and the Northern Territory.

VCS lodged an expression of interest in May 2002 with ACRE, to provide monitoring services to remote indigenous communities.

The record date for shareholders is 19 August with a capital cost base for taxation purposes having been determined by the directors to be a value of 0.54 cents per VCS share.

Amadeus has also appointed former senior Honeywell general manager Steve Hannah to the VCS board, in addition to former Honeywell colleague Wayne Peel.