TIDMMPOW
RNS Number : 5230P
MoPowered Group PLC
08 June 2015
8 June 2015
MOPOWERED GROUP PLC
("MoPowered" or the "Company")
Result of General Meeting, Director Appointments, Change of
Name,
Change of Website and Total Voting Rights
The Company is pleased to announce that at its General Meeting
held earlier today, all resolutions were duly passed.
The Company has therefore, conditional only on Admission;
-- Successfully raised GBP3.3m (before expenses) through the
Placing and Subscription at 2 pence per share
-- Completed the Acquisition of Fast Web Media Ltd.
-- Entered into the Services Agreement with Cxense
-- Appointed Barry Moat as Chief Executive Officer and Staale
Bjornstad as a new Non-Executive Director
Full details of the transactions are set out in the circular
sent to Shareholders on 15 May 2015 (the "Circular").
Following the passing of the resolutions at the General Meeting,
the Company has issued and allotted 311,666,800 New Ordinary Shares
as follows:
Number of new
Ordinary Shares
Placing and Subscription 165,000,000
The Acquisition 89,046,800
The Services Agreement 50,000,000
Other new Ordinary Shares
to be issued in connection
with the Placing 7,620,000
Total 311,666,800
Application has been made to the London Stock Exchange for the
New Ordinary Shares to be admitted to trading on AIM. It is
expected that Admission will become effective and dealings in the
New Ordinary Shares on AIM will commence at 8.00 a.m. on 9 June
2015.
The New Ordinary Shares will be issued credited as fully paid
and will rank in full for all dividends and other distributions
declared, made or paid after the admission of the New Ordinary
Shares in respect of Ordinary Shares and will otherwise rank on
admission of the New Ordinary Shares pari passu in all respects
with the existing Ordinary Shares.
Board changes
With effect from Admission, Barry Moat will be appointed as the
Company's new Chief Executive Officer and Staale Bjornstad will be
appointed as a new Non-Executive Director.
In addition, Dominic Keen will, conditional on Admission, step
down as CEO and will become a Non-Executive Director on the Board
of the Company. Richard Mann, will step down from his position as a
Non-Executive Director to the Company on Admission.
Barry Moat and Staale Bjornstad's biographies are set out in the
Company's announcement of 15 May 2015 and in the Circular.
Total Voting Rights
Following Admission, the Company's total issued and voting share
capital will comprise 400,719,603 Ordinary Shares. This number 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 Financial Conduct Authority's Disclosure and
Transparency Rules
Name change and change of website
With the passing of resolution 3 at the General Meeting, the
Company has changed its name to mporium Group plc. With effect from
9 June 2015 the Company will trade on AIM under its new name and
its tradable instrument display mnemonic (TIDM) will change from
"MPOW" to "MPM".
The Company's website address will also change on that date to
www.mporium.com.
Shareholders are advised that existing share certificates in the
name of MoPowered Group plc will remain valid, and that any new
share certificates which are issued by the Company will be issued
in the name of mporium Group plc.
Terms and expressions used in this announcement shall, unless
defined herein or the context otherwise requires, have the same
meanings as given to them in the Circular.
Enquiries:
MoPowered: Tel: 020 3735 5908
Richard Gordon, Finance
Director
N+1 Singer Tel: 020 7496 3000
Ben Wright
Alex Wright
Bell Pottinger Tel: 020 3772 2500
Rollo Crichton-Stuart
Further information:
In accordance with Schedule 2 paragraph (g) of the AIM Rules for
Companies, the following information in relation to the
appointments of Barry Moat and Staale Bjornstad to the Board of
Company is disclosed below:
Barry Moat
Barry Christopher Moat, aged 48, will on Admission hold
5,000,000 Ordinary Shares in the Company. In addition, the BM
Option, as detailed in the Circular, has today been granted to
Barry Moat with vesting subject to Admission. Save as disclosed
below, there are no further disclosures to be made under Schedule
2, paragraph (g) of the AIM Rules.
Current directorships Past directorships held
within the last 5 years
Activaeon Limited Boxpipe Limited
Dewhand Limited
Tandem Bars Limited
Lugano Developments Limited
Shareappeal Limited
Sharedirect Limited
Logicsense Limited
BNS Telecom Group Limited
Origin Technology Group Limited, a private company of which
Barry Moat was a director from February 2007 until January 2011,
was dissolved as part of a creditors' voluntary liquidation
initiated on 6 August 2009.
C.M. Building Maintenance Limited, a private company of which
Barry Moat was a director from August 1991 until August 1994 was
dissolved pursuant to a winding up order dated 20 October 1993.
Staale Bjornstad
As at 31 December 2014, Staale Bjornstad, aged 49, held 1,538
shares in Cxense ASA, a company which on Admission, will hold
75,000,000 Ordinary Shares in the Company. Save as disclosed below,
there are no further disclosures to be made under Schedule 2,
paragraph (g) of the AIM Rules.
Current directorships Past directorships held
within the last 5 years
None Kuler Og Krutt AS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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