Arricano Real Estate Plc: Result of General Meeting and Matched Bargain Facility (1530759)
January 09 2023 - 10:00AM
UK Regulatory
Arricano Real Estate Plc (ARO) Arricano Real Estate Plc: Result
of General Meeting and Matched Bargain Facility 09-Jan-2023 / 15:00
GMT/BST Dissemination of a Regulatory Announcement that contains
inside information in accordance with the Market Abuse Regulation
(MAR), transmitted by EQS Group. The issuer is solely responsible
for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
9 January 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN
ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/ 2014 OF THE
EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 16 APRIL 2014 ON MARKET
ABUSE (MARKET ABUSE REGULATION) AS RETAINED AS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED.
UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Arricano Real Estate Group plc
("Arricano Real Estate", the "Group" or the "Company")
Result of General Meeting and Matched Bargain Facility
Arricano Real Estate Group plc (AIM: ARO) announces that, at the
general meeting of the Company held earlier today, the special
resolutions in respect of the proposed cancellation of the
admission of the Company's ordinary shares to trading on AIM (the
"Cancellation") and the adoption of new articles of association
were duly passed by shareholders.
As set out in the circular to shareholders of 14 December 2022
(the "Circular"), the Cancellation is expected to become effective
on 17 January 2023. Shareholders are reminded that the last day of
dealings in Arricano Real Estate ordinary shares on AIM will be 16
January 2023.
Details of the number of proxy votes cast for, against and
withheld in respect of the resolutions are set out below:
Votes For Votes Total Votes
(Including Votes Against (excluding Withheld) Withheld
Discretionary)
Special Resolution
% of % of % of
No. of shares No. of shares No. of issued No. of
shares voted shares voted shares share shares
capital
1. To approve the Cancellation 92,968,214 100% 0 0 92,968,214 90.0239 0
Subject to Resolution 1 becoming
2. effective to approve and adopt the new 92,968,214 100% 0 0 92,968,214 90.0239 0
articles of association
Matched Bargain Facility
To facilitate future shareholder transactions in the Company's
ordinary shares, the Company has appointed Asset Match to provide a
matched bargain facility, which will be available from
Cancellation.
The Company has appointed Asset Match
(http://www.assetmatch.com) to facilitate trading in the ordinary
shares. Asset Match, a firm authorised and regulated by the
Financial Conduct Authority, will operate an electronic off-market
dealing facility for the ordinary shares. This facility will allow
shareholders and new investors to trade ordinary shares by matching
buyers and sellers through periodic auctions. Investors can
register their interest for further information on the Asset Match
auction process by emailing dealing@assetmatch.com.
The Asset Match trading facility operates under its own code of
practice, which governs the behaviour of participants and the
running of the periodic auctions. Asset Match operates an open
auction system where volumes of bids and offers at different prices
are displayed on its website together with the closing date of the
auction. At the end of each auction period, Asset Match passes this
information through a non-discretionary algorithm that determines a
"market-derived" share price based on supply and demand and
allocates transactions accordingly. Bids and offers may be made and
withdrawn at any time before the closing date of each auction.
Shareholders will continue to be able to hold their shares in
uncertificated form (i.e. in CREST) and should check with their
existing stockbroker whether they are willing or able to trade in
unquoted shares. Shareholders wishing to trade shares through Asset
Match must do so through a stockbroker. A comprehensive list of
stockbrokers who have signed up to access the Asset Match platform
is available on request by emailing dealing@assetmatch.com.
Upon Cancellation, full details of the matched bargain facility
will be made available to Shareholders on the Company's website
https://arricano.com/en.
Shareholders should also be aware that the matched bargain
facility could be withdrawn at a later date. The provision of a
matched bargain facility will be kept under review by the Board
and, in determining whether to continue to offer a matched bargain
facility, the Company shall consider expected (and communicated)
shareholder demand for such a facility as well as the composition
of the Company's register of members and the costs to the Company
and shareholders.
A copy of the Circular is available on the Company's website
https://arricano.com/en.
Enquiries:
Arricano Real Estate plc Tel: +357 25 582 535
Lauri Reinberg
Nominated Adviser and Broker: Tel: +44 (0)20 7220 1666
WH Ireland Limited
Chris Fielding
Financial PR: Tel: +44 (0)20 3151 7008
Novella Communications Limited
Tim Robertson
-----------------------------------------------------------------------------------------------------------------------
ISIN: CY0102941610
Category Code: MSCH
TIDM: ARO
LEI Code: 213800F8AMPULEKXFX22
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 214412
EQS News ID: 1530759
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1530759&application_name=news
(END) Dow Jones Newswires
January 09, 2023 10:00 ET (15:00 GMT)
Arricano Real Estate (LSE:ARO)
Historical Stock Chart
From May 2024 to Jun 2024
Arricano Real Estate (LSE:ARO)
Historical Stock Chart
From Jun 2023 to Jun 2024