Result of General Meeting

RNS Number : 3356Y

1Spatial Plc

20 August 2018

 

1SPATIAL PLC

("1Spatial", the "Company" or the "Group")

Result of General Meeting

1Spatial (AIM: SPA), the global geospatial software and solutions company, announces that at the General Meeting ("GM") held today, the resolution set out in the notice of GM sent to shareholders was duly passed.

As a result, the Share Consolidation, being the consolidation of every 10 Existing Ordinary Shares of 1 penny each into one Consolidated Ordinary Share of 10 pence each has been approved and is expected to become effective from 8am tomorrow, 21 August 2018. Following completion of the Share Consolidation the Company will have 76,365,214 Consolidated Ordinary Shares in issue.

Also approved at the GM was the proposed placing of 22,666,675 Placing Shares at a price of 37.5 pence per share, raising £8 million (net of expenses) for the Company. Trading in the Placing Shares is expected to become effective at 8am tomorrow morning.

Following the Share Consolidation and Placing, the Company will have 99,031,889 ordinary shares in issue with 319,635 held in treasury. Therefore, the total number of voting rights in the Company will be 98,712,254; this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company.

Capitalised terms used in this announcement shall have the same meaning as those used in the shareholder circular published on 31 July 2018.

Ends

For further information please contact:

1Spatial plc                                                                                         01223 420 414

Andrew Roberts / Claire Milverton   

FTI Consulting LLP                                                                            020 3727 1000

Dwight Burden / Alex Le May 

N+1 Singer                                                                                          020 7496 3000 

Shaun Dobson / Lauren Kettle

LEI Code: 213800VG7OZYQES6PN67

 

END

 

 

ROMMMGZRDGNGRZM