Reabold Resources PLC Result of General Meeting, Issue of Equity, TVR (1619I)
March 19 2018 - 9:13AM
UK Regulatory
TIDMRBD
RNS Number : 1619I
Reabold Resources PLC
19 March 2018
Reabold Resources plc ("Reabold" or the "Company")
Result of General Meeting
Issue of Equity
Total Voting Rights
Reabold, the AIM-listed strategic investor in pre-cash flow
upstream oil and gas projects, is pleased to announce that at the
general meeting ("GM") held earlier today, all resolutions were
passed.
Accordingly, authorities have been granted to the directors to
allot new ordinary shares up to an aggregate nominal amount of
GBP1,305,083 on a non pre-emptive basis.
On 28 February 2018, the Company announced a proposed
subscription for a total of 1,305,083,333 new ordinary shares of
0.1 pence each (the "Ordinary Shares") in the capital of the
Company (the "Placing Shares") at a price of 0.6 pence per Placing
Share (the "Placing Price") to raise, in aggregate, GBP7.83 million
(before expenses) (the "Placing") conditional on Shareholder
approval being given at the GM.
Following the default of a Placee, as a result of being placed
in insolvency, the final number of Ordinary Shares subscribed for
under the placing is 1,291,750,000 (the " Final Placing Shares") at
the Placing Price thereby raising GBP7.75 million (before
expenses)
Further to Shareholder approval being given today, the Final
Placing Shares, will be issued and will rank pari passu in all
respects with the existing Ordinary Shares, including the right to
receive all dividends and other distributions declared, made or
paid after the date of issue.
Application has been made for the Final Placing Shares to be
admitted to trading on the AIM market ("AIM") of London Stock
Exchange plc (the "London Stock Exchange"), ("Admission"), and
Admission is expected to take place on or around 20 March 2018.
Settlement for the Final Placing Shares, and Admission is
expected to take place on or before 8.00 a.m. on 20 March 2018.
Total Voting Rights
Following the issue of the 1,291,750,000 Final Placing Shares,
the issued share capital of the Company consists of 2,832,165,896
Ordinary Shares of 0.01 pence each with voting rights. No Ordinary
Shares are held in Treasury.
The above figure of 2,832,165,896 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 Company under the Disclosure Guidance and
Transparency Rules.
Enquiries:
Reabold Resources Sachin Oza C/o Camarco
plc Stephen Williams Tel: 020 3757 4980
Anthony Samaha
Beaumont Cornish Roland Cornish Tel: 020 7628 3396
Limited Felicity Geidt
Whitman Howard Nick Lovering Tel: 020 7659 1234
Limited Grant Barker
Turner Pope Investments Andy Thacker Tel: 020 3621 4120
(TPI) Ltd - Joint
Broker
Camarco Billy Clegg Tel: 020 3757 4980
James Crothers
Oliver Head
This information is provided by RNS
The company news service from the London Stock Exchange
END
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