UVEN Uvenco Uk

TIDMSNAK

RNS Number : 0514K

Snacktime PLC

23 December 2015

SnackTime plc ("SnackTime" or the "Company")

Result of Meeting and Update on Restructuring

The Company announces that at its General Meeting held earlier today, the two Resolutions put to the meeting were passed by shareholders on a poll.

Further to the Company's announcement on 11 December 2015 the Company confirms that Tranche 1 of the restructuring was completed on 17 December 2015.

Tranche 2, which included the raising of GBP575,000 new equity and the conversion of certain loan and other creditor obligations which were expected to complete on or around 24 December 2015, is now expected to complete on or around 31 December 2015. A further announcement will be prior to completion.

On 11 December 2015 the Company announced that the holders of the remaining GBP137,456 nominal of Loan Notes were to be offered conversion rights on the same terms. To date the holders of GBP55,230 nominal of this total have agreed to convert to equity at 10 pence per share. An announcement of the final conversion numbers will be made in January 2016.

As previously reported, the Company's shares continue to be suspended from trading on AIM. Further announcements will be made in due course.

Enquiries

Snacktime Tel no. 0208 879 8300

Jeremy Hamer

Michael Maltby

   Westhouse Securities                                                    Tel no. 0207 601 6100 

Tom Griffiths

Richard Johnson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 23, 2015 07:07 ET (12:07 GMT)

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