BNN Technology PLC Notice of General Meeting (6259D)
April 28 2017 - 2:01AM
UK Regulatory
TIDMBNN
RNS Number : 6259D
BNN Technology PLC
28 April 2017
28 April 2017
BNN Technology PLC
("BNN" or the "Company")
Notice of General Meeting
Further to the Company's announcement on 21 April 2017 regarding
completion of the conditional placing to raise GBP25m, the Company
provides an update to the anticipated date of the General Meeting
("GM") to approve, inter alia, the allotment of 15,625,000 new
ordinary shares of GBP0.10 pence each in the Company ("Second
Placing Shares").
The GM will be held on Monday 22 May 2017 at 3.00pm at the
offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London
EC4R 3TT.
A circular including Notice of GM, and a form of proxy, will be
sent to shareholders next week.
Assuming the necessary resolutions are passed, admission to
trading on AIM of the Second Placing Shares is expected to occur on
or around 8am on 23 May 2017.
For further information, please contact:
+44 (0) 1565
BNN Technology plc 872990
Darren Mercer, Chief Executive
Scott Kennedy, Chief Financial Officer
Stephen Benzikie, Communications
+44 (0) 20
Brunswick Group (Public Relations) 7404 5959
Brian Buckley / Diana Vaughton
Strand Hanson Limited (Nominated +44 (0) 20
& Financial Adviser) 7409 3494
Andrew Emmott / Ritchie Balmer
Mirabaud Securities LLP (Broker) +44 (0) 20
Peter Krens 3167 7221
About the Group
BNN Technology plc is a Chinese technology, content and services
company that builds long-term partnerships to deliver China's
citizens with value-added services, content and evolving
opportunities.
Listed on AIM since 2014, the Group principally engages in
providing technology to partners to facilitate fulfilment of
payments online and on mobile apps through partnerships or
affiliate agreements with corporate and key government partners,
and developing digital content, both online and mobile. Through
NewNet and its partnership with Xinhuatong, BNN facilitates mobile
payments, through its technology platform, on the Xinhua News
mobile app in 12 provinces in China. The Chinese consumer shift to
'life on mobile' is only just beginning and BNN's platform
technology enables urban and rural communities across China to
access exclusive content and pay for more services online.
The Group employs nearly 300 professionals throughout China.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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