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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Avanti Communications Group PLC    AVN   GB00B1VCNQ84

AVANTI COMMUNICATIONS GROUP PLC

(AVN)
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Avanti Communications : Result of General Meeting and cancellation from trading on AIM

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09/05/2019 | 09:12am EDT

5 September 2019

Avanti Communications Group plc

Result of General Meeting and cancellation from trading on AIM

Avanti Communications Group PLC (AIM: AVN) ('Avanti' or the 'Company'), a leading provider of satellite data communications services in Europe, the Middle East and Africa announces that, at the General Meeting of the Company held earlier today, the Resolution proposed for the purposes of approving the Cancellation from admission to trading on AIM of Avanti's Ordinary Shares, was duly passed by the requisite majority.

The final results of the proxy appointments received by the Company were as follows:

Resolution For % Against %
Resolution 1 - Cancellation of admission to trading on AIM 1,507,789,263 91.96 131,791,802 8.04

The resolution is set out in full in the circular dated 20 August 2019 ('Circular'). Accordingly, as contemplated in the Company's announcement of 20 August 2019 and the Circular, the last day of dealings in Avanti's Ordinary Shares will be close of business on 17 September 2019, and at 7.00 a.m. on 18 September 2019 the admission to trading on AIM of Avanti's Ordinary Shares will be cancelled. Following the Cancellation, Cenkos will cease to be nominated adviser and broker to the Company.

With effect from Cancellation, the Company will implement the Matched Bargain Facility provided by J P Jenkins to assist Shareholders to trade in the Ordinary Shares. Under the Matched Bargain Facility, Shareholders or persons wishing to acquire or dispose of Ordinary Shares will be able to leave an indication with J P Jenkins, through their stockbroker (J P Jenkins is unable to deal directly with members of the public), of the number of Ordinary Shares that they are prepared to buy or sell at an agreed price.

In the event that J P Jenkins is able to match that order with an opposite sell or buy instruction, they would contact both parties and then effect the bargain. With effect from Cancellation, further details on the Matched Bargain Facility will be made available to Shareholders on the Company's website at https://investor.avantiplc.com/ and directly by letter or e-mail (where appropriate).

Further details of the Cancellation are set out in the Circular. Terms defined in the Circular and the Company's announcement of 20 August 2019 apply throughout this announcement, unless the context requires otherwise. A copy of the Circular is available on the Company's website, https://investor.avantiplc.com/.

For further information, please contact:

Avanti Communications Nigel Fox
Tel: +44 (0)20 7749 1600
Cenkos Securities (Nomad) Katy Birkin, Max Hartley
Tel: +44 (0)20 7397 8900
Newgate Communications Adam Lloyd

Tel: +44 (0)20 3757 9842

Disclaimer

Avanti Communications Group plc published this content on 05 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2019 13:11:09 UTC

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Capitalization 26,0 M
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Kyle David Whitehill Chief Executive Officer & Director
Alan Paul Harper Chairman
Nigel Adrian Dawson Fox Group Finance Director & Executive Director
Paul Robert Johnson Independent Non-Executive Director
Michael E. Leitner Non-Executive Director
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