Result of General Meeting

RNS Number : 8757C

Deepverge PLC

23 June 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

23 June 2021

DeepVerge PLC

 ("DeepVerge" or "the Company")

Result of General Meeting

Result of General Meeting

Following today's General Meeting ("GM"), convened by the Notice of GM dated 7 June 2021, DeepVerge PLC is pleased to announce that both resolutions set out in the Notice of GM were approved by Shareholders.

As a result, 12,246,446 new Ordinary Shares have today been allotted at an Issue Price of 30p per share, comprising 10,413,115 Second Tranche Placing Shares and 1,833,331 Subscription Shares. The c£3.67 million (before expenses) raised from this share issue constitutes the balance of the £10 million fundraising notified by the Company on 7 June 2021. The Second Tranche Placing Shares and Subscription Shares are expected to be admitted to trading on AIM ("Admission") with effect from 8.00 a.m. on 24 June 2021.

Admission and Total Voting Rights

Following Admission, the Company's total issued share capital will be 215,138,276. As the Company does not hold any shares in Treasury, this figure 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 to their interest in, the share capital of the Company following Admission.

The results of the poll for each resolution were as follows:

Resolution	For	% For	Against	% Against	Withheld
1. To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006.	33,908,118	99.3%	252,641	0.7%	3,474
2. To authorise the directors to allot shares for cash pursuant to Section 571(1) of the Companies Act 2006.	33,888,594	99.2%	270,165	0.8%	5,474

As at the date of the GM, the number of issued ordinary shares of the Company was 202,891,830 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held. Votes withheld are not votes in law and have not been counted in the calculation of the proportion of vote "for" or "against" a resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

DeepVerge plc	Gerry Brandon	[phone]
SPARK Advisory Partners Limited (Nominated Advisor)	Neil Baldwin / Andrew Emmott	[phone]
Turner Pope Investments (TPI) Limited Broker	Andy Thacker / James Pope	[phone]

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement released on 7 June 2021 unless the context requires otherwise.

 

END

 

 

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