Nakama Group Plc Result of General Meeting (9990J)
December 29 2020 - 5:26AM
UK Regulatory
TIDMNAK
RNS Number : 9990J
Nakama Group Plc
29 December 2020
29 December 2020
Nakama Group plc
("Nakama" or the "Company")
Result of General Meeting
Nakama (AIM:NAK) announces that, at its General Meeting held
earlier today, both resolutions proposed were duly passed
unanimously. Accordingly, the disposal of the Company's four
operating businesses to the Sanderson Group is expected to complete
at 5 p.m. on 4 January 2021 ("Completion").
Following Completion, the Company will become an AIM Rule 15
cash shell and as such, will either be required to make an
acquisition or acquisitions constituting a reverse takeover under
AIM Rule 14 on or before the date falling six months from
Completion or be re-admitted to trading on AIM as an investing
company under the AIM Rules (which requires the raising of at least
GBP6 million) failing which, the Company's ordinary shares would
then be suspended from trading on AIM pursuant to AIM Rule 40.
Admission to trading of the Company's ordinary shares on AIM would
be cancelled six months from the date of any suspension should the
suspension not have been lifted beforehand.
Change of name
The change of the Company's name to Ridgecrest plc will become
effective upon the issuance by the Registrar of Companies of a
Certificate of Change of Name. A further announcement will be made
when trading in the Company's ordinary shares on AIM under the name
Ridgecrest plc is to become effective.
Board changes
Robert Thesiger, Chief Executive of Nakama, will join the
Sanderson Group, on a consultancy basis, pursuant to the Disposal.
Robert Thesiger will, however, remain as a director of Nakama. The
Board has also decided that, upon Completion, Mr Thesiger will
become Chairman of the Company and Tim Sheffield will remain as a
Non-Executive Director. Michael Clelland will resign as a
Non-Executive Director of Nakama upon Completion.
Defined terms used in this announcement have the same meaning as
in the Company's announcement of 9 December 2020, unless the
context requires otherwise.
Enquiries:
Nakama Group plc www.nakamaglobal.com
Tim Sheffield, Chairman 00 44 20 7236 2400
Robert Thesiger, Chief Executive
Officer 00 44 20 3588 4560
Allenby Capital Limited (Nominated
Adviser and Broker) 00 44 20 3328 5656
Nick Naylor / Liz Kirchner (Corporate
Finance)
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END
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