Vitesse Media PLC Correction - Result of Meetings (8577R)
September 26 2017 - 7:15AM
UK Regulatory
TIDMVIS
RNS Number : 8577R
Vitesse Media PLC
26 September 2017
The following amendment has been made to the 'Result of
Meetings' announcement released on 26 September 2017 at 11.05 a.m.
under RNS No 8451R.
Following Admission, the Company will have 172,061,632 Ordinary
Shares in issue with voting rights.
All other details remain unchanged.
The full amended text is shown below.
26 September 2017
Vitesse Media plc
("Vitesse" or the "Company")
Result of Meetings
Vitesse Media Plc (VIS), the AIM-listed digital media and events
business, announces that all resolutions were duly passed at the
Company's Annual General Meeting ("AGM") held earlier today. In
addition, all resolutions were also duly passed at the Company's
General Meeting, held immediately after the conclusion of the
AGM.
Consequently, it is expected that 107,500,000 new ordinary
shares of 1 penny each in the Company ("Ordinary Shares") issued in
connection with the placing, announced by the Company on 8
September 2017 ("Placing"), will be admitted to trading on AIM at
8.00am on 27 September 2017 ("Admission").
As a result of their participation in the Placing, immediately
following Admission, Simon Stilwell, Chief Executive of the
Company, will hold 17,500,000 Ordinary Shares, representing
approximately 10.2 per cent. of the Company's issued share capital,
and Anthony Cross, a significant shareholder in the Company, will
hold 32,000,000 Ordinary Shares, representing approximately 18.6
per cent. of the Company's issued share capital.
As a result of a change in voting rights immediately following
Admission, the number of shares held by the Company's remaining
directors who hold an interest in the share capital of the Company
remain unchanged, however, their percentage holdings will decrease.
These directors' resultant shareholdings will be as follows:
No. of
Ordinary % of issued
Director Shares share capital
----------------------------- ---------- ---------------
David Smith, Non-Executive
Chairman 7,368,421 4.3%
----------------------------- ---------- ---------------
Keith Willey, Non-Executive
Director 655,080 0.4%
----------------------------- ---------- ---------------
Following Admission, the Company will have 172,061,632 Ordinary
Shares in issue with voting rights. This figure (172,061,632) 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 FCA's Disclosure Guidance
and Transparency Rules.
For further enquiries please contact:
Vitesse Media plc +44 (0)20 7250 7035
David Smith, Non-Executive
Chairman
Simon Stilwell, Chief
Executive
Stockdale Securities
Limited +44 (0)20 7601 6100
Tom Griffiths
David Coaten
AlmaPR +44 (0)20 3865 9668
Rebecca Sanders-Hewett
Robyn Fisher
About Vitesse Media plc
Vitesse Media plc is a leading B2B media business specialising
in events, digital activities, data and research for the
technology, SME business and high-net-worth investment industries.
Its flagship titles include SmallBusiness.co.uk, Growth Company
Investor, Information Age, GrowthBusiness.co.uk and What
Investment. Vitesse Media is also responsible for a growing
portfolio of high-profile events, including The Quoted Company
Awards and 'Women in ...' Awards. Vitesse Media is focused on
developing innovative products and services while evaluating
further business opportunities in the fragmented B2B and B2C media
and Equity space. Vitesse Media is quoted on AIM.
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGPGUUGBUPMGGQ
(END) Dow Jones Newswires
September 26, 2017 07:15 ET (11:15 GMT)
Vitesse Media (LSE:VIS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Vitesse Media (LSE:VIS)
Historical Stock Chart
From Jul 2023 to Jul 2024