Result of GM and Approval of Rule 9 Waiver

RNS Number : 5802L

Reabold Resources PLC

13 August 2013

 



For Immediate Release                                                                                       13 August 2013

REABOLD RESOURCES PLC

"Reabold Resources" or the "Company"

Result of General Meeting

Approval of waiver of obligations under Rule 9 of the City Code on Takeovers and Mergers

Reabold Resources announces that at the General Meeting of the Company held today, all resolutions, including the approval on a poll of the waiver under Rule 9 of the City Code on Takeover and Mergers were passed.  

Jeremy Edelman, the Company's Chairman who is a director and shareholder of the Lender, is deemed to be acting in concert with the Lender for the purposes of the Takeover Code.  

Jeremy Edelman currently holds 20,000,000 ordinary shares in the Company, representing an interest of 29.89 per. cent in the voting capital of the Company, and accordingly were the Loan Notes be converted in full, it would result in the Lender being interested in aggregate in up to 104,000,000 Ordinary Shares, representing up to approximately 60.85 per cent. of the Company's Fully Diluted Share Capital. The Concert Party would be interested in up to 72.55 per cent. of the Company's voting capital.

For further information please contact:

Reabold Resources plc

Jeremy Edelman                                                [phone]

Antony Samaha

Beaumont Cornish Limited

Roland Cornish                                                  [phone]

Felicity Geidt

Capitalised terms used, but not defined in this announcement shall have the meaning as given to them in the announcement and a circular to Shareholders (the "Circular"), which included the Notice of General Meeting, published by the Company on 29 July 2013.

A copy of the Circular is available on the Company's website www.reabold.com

 

END

 

 

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