Deepverge PLC Result of General Meeting (8757C)

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RNS Number : 8757C

Deepverge PLC

23 June 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

23 June 2021

DeepVerge PLC

("DeepVerge" or "the Company")

Result of General Meeting

Following today's General Meeting ("GM"), convened by the Notice of GM dated 7 June 2021, DeepVerge PLC is pleased to announce that both resolutions set out in the Notice of GM were approved by Shareholders.

As a result, 12,246,446 new Ordinary Shares have today been allotted at an Issue Price of 30p per share, comprising 10,413,115 Second Tranche Placing Shares and 1,833,331 Subscription Shares. The cGBP3.67 million (before expenses) raised from this share issue constitutes the balance of the GBP10 million fundraising notified by the Company on 7 June 2021. The Second Tranche Placing Shares and Subscription Shares are expected to be admitted to trading on AIM ("Admission") with effect from 8.00 a.m. on 24 June 2021.

Admission and Total Voting Rights

Following Admission, the Company's total issued share capital will be 215,138,276. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company 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 following Admission.

The results of the poll for each resolution were as follows:

 
           Resolution                For       % For   Against   % Against   Withheld 
 1. To authorise the directors 
  to allot shares pursuant 
  to Section 551 of the 
  Companies Act 2006.             33,908,118   99.3%   252,641     0.7%       3,474 
                                 -----------  ------  --------  ----------  --------- 
 2. To authorise the directors 
  to allot shares for cash 
  pursuant to Section 571(1) 
  of the Companies Act 2006.      33,888,594   99.2%   270,165     0.8%       5,474 
                                 -----------  ------  --------  ----------  ---------

As at the date of the GM, the number of issued ordinary shares of the Company was 202,891,830 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held. Votes withheld are not votes in law and have not been counted in the calculation of the proportion of vote "for" or "against" a resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

 
 DeepVerge plc              Gerry Brandon            +44 (0) 734 0055 648 
 SPARK Advisory Partners 
  Limited                   Neil Baldwin / Andrew 
  (Nominated Advisor)        Emmott                  +44 (0) 113 370 8974 
                           -----------------------  --------------------- 
 Turner Pope Investments    Andy Thacker / James 
  (TPI) Limited Broker       Pope                    +44 (0) 20 3657 0050 
                           -----------------------  ---------------------

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement released on 7 June 2021 unless the context requires otherwise.

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