Share Capital Reorganisation
In addition to the usual business dealt with at the AGM, the Company also sought shareholder approval for a sub-division and redesignation of the Company's ordinary share capital (the 'Share Capital Reorganisation'), details of which were included in the explanatory circular sent to Shareholders. The effect of the Share Capital Reorganisation is to reduce the par (or nominal) value of the Company's existing ordinary share capital from
Following the passing of the Share Capital Reorganisation resolutions at the AGM today, being Resolutions 4 and 7, the Company's issued ordinary share capital, previously being 3,918,351,946 Ordinary Shares of
In addition to the New Ordinary Shares, there are now two classes of Deferred Shares in issue, being 93,070,100 Deferred Shares of
Admission to AIM
The Share Capital Reorganisation is conditional upon the New Ordinary Shares being admitted to AIM. It is expected that Admission will become effective at
The ISIN in respect of the Company's Ordinary Shares will remain unchanged in respect of the New Ordinary Shares. Existing share certificates will continue to be valid and no share certificates will be issued in respect of the B Deferred Shares.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Contact:
George Frangeskides
Tel: +44 20 3907 4297
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