RedstoneConnect PLC Result of AGM (1677H)
June 05 2017 - 8:13AM
UK Regulatory
TIDMREDS
RNS Number : 1677H
RedstoneConnect PLC
05 June 2017
5 June 2017
RedstoneConnect plc
("RedstoneConnect" or the "Company")
Result of Annual General Meeting
1:100 share consolidation and capital reduction
RedstoneConnect (AIM: REDS), a leading provider of technology
and services for smart buildings and commercial spaces, is pleased
to announce that at the Company's Annual General Meeting held today
all resolutions were passed.
Share Consolidation and Capital Reduction
Following approval by shareholders of the Company's proposed
share consolidation based on every 100 existing ordinary shares
being consolidated into one new ordinary share of 10p each (the
"Share Consolidation"), the 2,078,479,485 shares of 0.1p each in
the issued share capital of the Company (the "Existing Issued Share
Capital") will be consolidated into 20,784,795 ordinary shares of
10p each (the "New Issued Ordinary Shares"), effective 6 June
2017.
The record date for the Share Consolidation is 5 June and the
latest time and date for dealings in the Existing Issued Share
Capital will be close of business on 5 June 2017. Application has
been made for the 20,784,795 New Issued Ordinary Shares to be
admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and that dealings will commence in
the 20,784,795 New Issued Ordinary Shares at 8.00 a.m. on 6 June
2017. The ISIN code for the Company's New Issued Ordinary Shares
will be GB00BYWN0F98.
Capital Reduction
Following the approval by shareholders of the proposed capital
reduction ("Capital Reduction"), the Company will now proceed with
the application to the courts in respect of the Capital
Reduction.
The anticipated date for the completion of the Capital Reduction
is on or around 28 June 2017.
Further details regarding the Share Consolidation and the
Capital Reduction can be found within the circular sent to
shareholders dated 12 May 2017, available at
www.redstoneconnectplc.com
Enquiries:
RedstoneConnect Plc via Vigo Communications
Mark Braund (CEO)
Spencer Dredge (CFO)
Cantor Fitzgerald Europe (Nominated
Adviser & Joint Broker)
Marc Milmo/Phil Davies/Catherine +44 (0)20 7894
Leftley/Callum Butterfield 7000
Whitman Howard Limited (Joint Broker) +44 (0)207 659
Nick Lovering 1234
Vigo Communications (Financial
Public Relations)
Jeremy Garcia / Ben Simons / Antonia
Pollock +44 (0)20 7830
reds@vigocomms.com 9700
About RedstoneConnect
RedstoneConnect is focused on technologies that make real estate
more efficient and businesses more effective. Its businesses,
Redstone, Connect IB, Commensus and Anders +Kern provide the
infrastructure capabilities and the software applications to
deliver smart building and smart workspace solutions for commercial
businesses, public sector organisations, real estate owners and
managers. Visit our website at www.redstoneconnectplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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