Result of General Meeting

RNS Number : 8053T

Scientific Digital Imaging Plc

10 January 2017

 

SCIENTIFIC DIGITAL IMAGING PLC

Result of General Meeting

 

Scientific Digital Imaging (AIM: SDI, "SDI", the "Company" or the "Group"), the AIM quoted group focused on scientific and technology products for use in applications including life sciences, healthcare, astronomy, consumer manufacturing and art conservation, announced on 20 December 2016 that it had conditionally acquired Astles Control Systems Limited for an initial consideration of £3.446 million, partly satisfied by the issue of 769,231 new Ordinary Shares ("Consideration Shares") and an equity fundraising of £3.1 million (before expenses) through a placing of 23,769,231 new ordinary shares of 1 penny each ("Ordinary Shares") and a subscription of 76,924 new Ordinary Shares (the "Subscription"), together with the Placing (the "Equity Fundraising").

The issue of these new Ordinary Shares was conditional, inter alia, on shareholder approval at a General Meeting. The Company is pleased to announce that at the General Meeting of its shareholders held earlier today all resolutions were passed.

Application has been made to the London Stock Exchange for the 24,615,386 new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will be effective and dealings will commence in respect of the new Ordinary Shares, at 8.00 a.m. on 12 January 2017.

The number of Ordinary Shares in the Company in issue following admission will be 88,840,194. There are no Ordinary Shares held in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail of the number of Ordinary Shares purchased under the Equity Fundraising by Executive Chairman Ken Ford and CEO Mike Creedon:

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Ken Ford
2.	Reason for the notification
a)	Position/status:	Executive Chairman
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Scientific Digital Imaging plc
b)	LEI:	n/a
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Ordinary Shares of 1 pence each              GB00B3FBWW43
b)	Nature of the transaction:	Subscription for shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 13 pence 250,000
d)	Aggregated information: ·      Aggregated volume: ·      Price:	Single transaction as in 4 c) above Price(s) Volume(s) 13 pence 250,000
e)	Date of the transaction:	10/02/2017
f)	Place of the transaction:	London Stock Exchange, AIM Market (XLON)

Following Admission, Ken Ford will be beneficially interested in a total of 1,250,000 Ordinary Shares, representing approx. 1.41 per cent. of the Enlarged Issued Share Capital.

5.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mike Creedon
6.	Reason for the notification
a)	Position/status:	CEO
b)	Initial notification/Amendment:	Initial notification
7.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Scientific Digital Imaging plc
b)	LEI:	n/a
8.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Ordinary Shares of 1 pence each              GB00B3FBWW43
b)	Nature of the transaction:	Subscription for shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 13 pence 76,924
d)	Aggregated information: ·      Aggregated volume: ·      Price:	Single transaction as in 4 c) above Price(s) Volume(s) 13 pence 76,924
e)	Date of the transaction:	10/02/2017
f)	Place of the transaction:	London Stock Exchange, AIM Market (XLON)

Following Admission, Mike Creedon will be beneficially interested in a total of 146,924 Ordinary Shares, representing approx. 0.17 per cent. of the Enlarged Issued Share Capital.

FOR FURTHER INFORMATION

Scientific Digital Imaging Plc Ken Ford, Chairman Mike Creedon, Chief Executive Officer www.scientificdigitalimaging.com	01223 727144
finnCap Ltd            Ed Frisby/ Simon Hicks - Corporate Finance Mia Gardner - Corporate Broking	020 7220 0500
JW Communications Julia Wilson - Investor & Public Relations	07818 430 877

About Scientific Digital Imaging plc:

Scientific Digital Imaging plc ("SDI") designs and manufactures scientific and technology products for use in applications including life sciences, healthcare, astronomy, consumer manufacturing and art conservation. SDI plans to continue to grow through its own technology advancements as well as strategic, complementary acquisitions.

www.scientificdigitalimaging.com

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

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