Safestay PLC Result of Meeting (5561Y)
September 09 2015 - 7:12AM
UK Regulatory
TIDMSSTY
RNS Number : 5561Y
Safestay PLC
09 September 2015
9 September 2015
Safestay plc
("Safestay" or "the Company" or "the Group")
Result of Meeting
Safestay (AIM: SSTY), the owner and operator of a new brand of
contemporary hostel, is pleased to announce that all resolutions
set out in the notice of General Meeting circulated to shareholders
on 17 August 2015 were passed at the General Meeting held earlier
today. Following the passing of the resolutions, completion of the
acquisition of the Edinburgh Hostel is expected to occur
shortly.
Application has been made to the London Stock Exchange for the
Enlarged Share Capital of the Company, to be admitted to trading on
AIM, comprising:
- 19,244,519 Existing Ordinary Shares, 13,467,742 Firm Placing
Shares and 297,196 Open Offer Shares, for which admission to
trading is expected to take place at 8.00 a.m. on 10 September
2015; and
- 1,209,677 Consideration Shares, for which admission to trading
is expected to take place at 8.00 a.m. on 17 September 2015
Following admission of the Enlarged Share Capital and in
accordance with the Financial Conduct Authority's Disclosure and
Transparency Rules ("DTR"), the Company's issued share capital will
comprise 34,219,134 Ordinary Shares. The above figure of 34,219,134
Ordinary Shares 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 in their
interest in, the share capital of the Company under the DTR.
All defined terms in this announcement have the same meaning as
in the Company's admission document dated 17 August 2015.
Enquiries
Safestay Tel: 020 8815 1600
Larry Lipman, Chairman
Colin Stone, Finance Director
Phil Houghton, Chief Executive
Westhouse Securities Tel: 020 7601 6100
Tom Griffiths
Richard Johnson
David Coaten
Novella Tel: 020 3151 7008
Tim Robertson
Ben Heath
For more information visit: www.safestay.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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