Blenheim Natural Resources PLC Result of General Meeting (2542W)
February 07 2017 - 8:45AM
UK Regulatory
TIDMBNR
RNS Number : 2542W
Blenheim Natural Resources PLC
07 February 2017
7 February 2017
Blenheim Natural Resources Plc
("Blenheim" or the "Company")
Result of General Meeting
Blenheim is pleased to announce that at the Company's General
Meeting held earlier today, all resolutions were duly passed.
As a result, shareholders have granted the directors the
authority to allot and issue, inter alia, 214,285,714 ordinary
shares of 0.1 pence each in the capital of the Company ("Ordinary
Shares") and 214,285,714 warrants over Ordinary Shares, pursuant to
the conditional placing announced on 18 January 2017. The directors
have also been granted the authority to issue 10,714,286 warrants
over Ordinary Shares to Cornhill Capital Limited, the Company's
joint broker. Further, shareholders have granted the directors the
authority to allot and issue up to 60,000,000 Ordinary Shares as
partial consideration, should the Company exercise its option to
acquire a 30 per cent interest in the Dieba exploration permit (as
announced on 18 January 2017).
The Directors have also been granted authority to buy back and
cancel all of the deferred shares in issue for an aggregate
consideration of GBP1 at any time prior to 31 December 2017.
Application has been made for the 214,285,714 Ordinary Shares
pursuant to the placing, which rank pari passu with the Company's
existing issued Ordinary Shares, to be admitted to trading on the
AIM Market of the London Stock Exchange ("AIM"). Dealings on AIM
are expected to commence at 8:00 a.m. on or around 8 February 2017
("Admission").
Total Voting Rights
Following Admission, the issued share capital of the Company
will comprise 398,576,614 Ordinary Shares with voting rights
attached (one vote per share). The Company does not hold any shares
in treasury. This figure of 398,576,614 may be used by shareholders
as the denominator for the calculation 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
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
For further information please contact:
Blenheim Natural +44 (0) 1622
Chris Ells Resources Plc 844601
Colin Aaronson/Jamie Grant Thornton UK
Barklem/ Daniel LLP +44 (0) 20 7383
Bush (Nominated Adviser) 5100
SI Capital Ltd (Joint
Nick Emerson Broker) +44 (0)1483 413500
Peterhouse Corporate
Lucy Williams / Finance Limited (Joint +44 (0) 20 7469
Duncan Vasey Broker) 0932
Cornhill Capital +44 (0) 20 7710
Colin Rowbury Limited (Joint Broker) 9610
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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