Result of AGM and General Meeting

RNS Number : 4145R

Hawkwing PLC

29 June 2020

 

29 June 2020

Hawkwing plc

("Hawkwing" or the "Company")

Result of Annual General Meeting and General Meeting

Hawkwing plc (AIM: HNG) (formerly TLA Worldwide plc), is pleased to announce that at the Annual General Meeting and General Meeting of the Company held earlier today, all of the proposed resolutions were passed.

Total Voting Rights and Admission

Following the passing of resolutions at the General Meeting, the Company will now proceed with the re-organisation of the Company's share capital. Following the Share Capital Reorganisation, the Company will have 7,171,360 New Ordinary Shares¹ in issue.  

Application has been made for the New Ordinary Shares to be admitted to AIM in place of the Existing Ordinary Shares. It is expected that admission on AIM will become effective on 30 June 2020. The trading in the Company's Ordinary Shares will remain suspended.

This figure of 7,171,360 may be used by shareholders 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 Company, under the Disclosure and Transparency Rules. 

Proposed move to the Standard List

As previously stated, the Board intends to apply for the Company's Ordinary Shares to be admitted to the Standard Segment of the Official List ("Standard List") as soon as practicable, expected to be in July 2020.  In tandem with this, the Company intends to cancel the Company's Ordinary Shares from the AIM market of the London Stock Exchange.

This announcement should be read in conjunction with the full text of the Circular dated 12 June 2020. Unless otherwise defined in this announcement, defined terms used have the meaning given to them in the Circular posted to Shareholders on 12 June 2020.

Enquiries:

Hawkwing plc
Keith Sadler, Senior Independent Non-Executive Director	[phone]
Beaumont Cornish Limited (Nomad and Broker)
Roland Cornish, James Biddle	[phone]
Luther Pendragon
Harry Chathli, Alexis Gore	[phone]

¹ In anticipation of the resolutions being passed by Shareholders at the General Meeting, the Company immediately prior to the General Meeting allotted and issued one further Existing Ordinary Share so as to result in the total number of Existing Ordinary Shares in issue being exactly divisible by 20.  This additional ordinary share represents only a fraction of the New Ordinary Shares, and that fraction will therefore be aggregated with any other fractions and sold pursuant to the arrangement for fractional entitlements for the benefit of the Company.

 

END

 

 

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