TIDMBLOC
RNS Number : 0297O
Blockchain Worldwide PLC
27 September 2019
Blockchain Worldwide plc
("Blockchain" or the "Company")
Result of General Meeting
Admission to Trading on AIM
Terms and definitions used in this announcement have the
meanings given to them in the announcement made by the company on
11 September 2019 unless the context provides otherwise.
Blockchain Worldwide plc (LON:BLOC), provides further details
relating to the General Meeting of the Company held earlier today,
during which all resolutions put to shareholders were duly passed
(as announced earlier today). The Acquisition, Share Capital
Consolidation and other matters as set out in the circular sent to
shareholders dated 11th September 2019 (the "Admission Document")
can now proceed to completion and the change of the Company's name
to Entertainment AI PLC has been registered at Companies House.
Admission of the Enlarged Share Capital to trading on London Stock
Exchange's AIM is expected to occur at 8am on 30(th) September 2019
("Admission"), meaning that its listing on the standard segment of
the London Stock Exchange's main market will simultaneously be
cancelled.
Share Capital Consolidation
The consolidation of the 36,500,000 ordinary shares of GBP0.01
each in the issued share capital of the Company into 3,041,666
ordinary shares of GBP0.12 each was approved at the General
Meeting. As a result of the issue of the Fundraising Shares and
Consideration Shares, upon Admission the Company's issued share
capital will be 49,777,768 ordinary shares of GBP0.12 each. All of
the Ordinary Shares have equal voting rights and none of the
Ordinary Shares are held in Treasury. The total number of voting
rights in the Company is therefore 49,777,768. This figure may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Disclosure and Transparency Rules.
Upon Admission, the consolidated shares will trade under ISIN:
GB00BK6SHS41 and SEDOL: BK6SHS4 with TIDM: EAI
Concert Party
Resolution numbered 1 in the Admission Document, being an
ordinary resolution to be voted on by the Independent Shareholders
to approve the waiver by the Takeover Panel of the obligation that
would otherwise arise for the Concert Party to make a general offer
for the Enlarged Group under the Rule 9 of the Takeover Code
("Whitewash Resolution"), was passed on a poll with 8,618,443 votes
of Independent Shareholders, in favour and 34,684 votes
against.
In accordance with the Takeover Code, following the passing of
the Whitewash Resolution at the General Meeting, on Admission the
members of the Concert Party will own a maximum number of Ordinary
Shares as follows:
Percentage
of Enlarged
Percentage Issued Share
of Enlarged Number of options Capital on
Number of Ordinary Issued Share over Ordinary a fully diluted
Shares on Admission Capital Shares on Admission basis
GTC Concert Party Members
Scott Schlichter 5,870,406 11.75 Nil 11.07
Taro Koki 3,601,437 7.21 1,064,583 8.8
Yuko Koki Nil Nil 12,005 0.02
The Lunzer Trust 61,072 0.12 Nil 0.12
Adam Shea Family 763,396 1.53 Nil 1.44
Tag Concert Party Members
Todd Carter* 2,963,021 5.93 1,977,083 9.32
Patrick De Souza 5,426,164 10.86 Nil 10.24
Water Intelligence Plc 3,981,009 7.97 Nil 7.51
Michael Solomon 1,142,648 2.29 Nil 2.16
Total 47.66 50.67
* Held personally and through Tocarte, LLC, a Company wholly
owned by Todd Carter.
Appointment of Directors
In addition, the General Meeting approved the appointments of
Dr. Patrick Jude DeSouza (aged 61), Todd Lawrence Carter (aged 56),
Stephen Scott Schlichter (aged 52), David Anton (aged 57), Michael
Joseph Kelly Jr (aged 62) and Akiko Mikumo (aged 66) (the "New
Directors") to the board of the company with effect from
Admission.
A list of the New Directors' current directorships and
partnerships together with those held within the last five years is
set out below:
Current directorships and Past directorships and
partnerships partnerships
Patrick DeSouza Water Intelligence Plc
Plainsight Systems
Todd Carter Tagasauris, Inc.
Tocarte, LLC
Scott Schlichter GT Channel, Inc.
Interstreamer Media, Inc.
Dogma Studios
David Anton Anton & Partners Inc
Simplefy Inc.
Pam & Gela Inc.
Qasmyr Inc
Michael J. Strategic Growth Partners Bankrate
Kelly
Cars.com Unruly
Quantcast Colspace
Dianomi LTD
Akiko Mikumo Cambridge Science Corporation
Save as disclosed above, there are no other disclosures required
in accordance with Schedule 2 paragraph (g) of the AIM Rules.
This announcement should be read in conjunction with the full
text of the Admission Document posted to Shareholders on 11
September 2019, copies of which are available on the Company's
website at www.entertainmentai.co.uk.
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
-END-
Entertainment AI Group Tel: +1 203 654 5426 or +44 (0)7775 701 838
Patrick DeSouza, Chairman
Todd Carter, CEO
Scott Schlichter, Executive Director
Adrian Hargrave, CFO
Blockchain Worldwide plc via Walbrook PR
Rodger Sargent
Jonathan Hale
WH Ireland (Nomad and Joint Broker) Tel: 020 7220 1666
Adrian Hadden
Jessica Cave
James Sinclair-Ford
Matthew Chan
Dowgate Capital Ltd (Joint Broker) Tel: 020 3903 7715
Stephen Norcross
Walbrook PR Ltd Tel: 020 7933 8780 or blockchainworldwide@walbrookpr.com
Nick Rome Mob: 07748 325 236
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ROMCKODKABKDQCB
(END) Dow Jones Newswires
September 27, 2019 12:07 ET (16:07 GMT)
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