Result of AGM

RNS Number : 6595N

Bigblu Broadband PLC

21 May 2020

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.

Bigblu Broadband plc

('BBB' or the 'Company' or the 'Group')

Result of AGM

Bigblu Broadband plc (AIM: BBB), a leading provider of alternative fast broadband services, announces that at its Annual General Meeting held today, all resolutions were duly passed.

The results for each resolution were as follows:

Ordinary Resolution Number	For	%	Against	%	Vote Total	Vote Total as % of Issued Share Capital	Withheld*
1	31,312,753	99.982	5,781	0.018	31,318,534	54.38%	1,070,974
2	32,387,135	99.999	448	0.001	32,387,583	56.24%	1,925
3	32,388,135	99.999	448	0.001	32,388,583	56.24%	925
4	32,381,925	99.987	4,083	0.013	32,386,008	56.24%	3,500
5**	32,381,125	99.985	4,883	0.015	32,386,008	56.24%	3,500

* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.

**Indicates Special Resolution

For further information:

Bigblu Broadband Group PLC	www.bbb-plc.com
Andrew Walwyn, Chief Executive Officer  Frank Waters, Chief Financial Officer  Dom Del Mar, Corporate Development	Via Walbrook PR
finnCap (Nomad and Broker)  Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance)  Tim Redfern / Richard Chambers / Manasa Patil  (ECM)	Tel: [phone]
Walbrook PR (PR / IR advisers)	Tel: [phone] or
Nick Rome/Tom Cooper/Nicholas Johnson	[e-mail]

About Bigblu Broadband plc

Bigblu Broadband plc (AIM: BBB), is a leading provider of alternative super-fast broadband solutions throughout Europe and Australia. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre.

High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative super-fast broadband services increases around the world. 

Acquisitive and organic growth have enabled BBB to grow rapidly since inception in 2008 during which time the Company has completed 21 acquisitions across nine different countries. It is extremely well positioned to continue growing as it targets customers that are trapped in the 'digital divide' with limited fibre broadband options.

BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers ongoing services including hardware supply, installation, pre and post-sale support billings and collections, whilst offering appropriate tariffs depending on each end user requirements.

Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for 'video-on- demand'. Its alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart-phones via a normal wired or wireless router.

 

END

 

 

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