Result of General Meeting

RNS Number : 0713H
Sutton Harbour Group PLC
30 July 2021
 

30 July 2021

 

Sutton Harbour Group PLC

("Sutton Harbour" or the "Company")

Result of General Meeting

 

Sutton Harbour Group plc (AIM: SUH) is pleased to announce that the Resolutions proposed at the General Meeting held earlier today were duly passed by Sutton Harbour Shareholders.

Application has been made to the London Stock Exchange for the admission of 14,000,000 new ordinary shares in the capital of the Company to trading on AIM, which is expected to become effective at 8:00 a.m. on 3 August 2021 ("Admission").

Following Admission the total number of ordinary shares in the capital of the Company with voting rights will be 129,944,071 and Sutton Harbour Shareholders may use this figure 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 FCA's Disclosure Guidance and Transparency Rules.

Philip Beinhaker, Executive Chairman of Sutton Harbour Group commented the following on the results of the General Meeting and the Open Offer:

"The board is delighted to see the support for the Open Offer from a broad range of shareholders including a large number of minority shareholders, some of which have requested allocation in excess of their basic entitlement. We appreciate the positive reaction to the call to raise new equity capital which will assist the Company to continue with its programme to bring a number of property development projects to fruition and the confidence this shows in the Group's strategic plan".

--Ends--

 

For further information:

Sutton Harbour Group plc

01752 204 186

Philip Beinhaker - Executive Chairman

Corey Beinhaker - Chief Operating Officer

Natasha Gadsdon - Finance Director

Arden Partners plc (Nominated Adviser)

020 7614 5900

Paul Shackleton

Akhil Shah

Elliot Mustoe

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ROMSDLSUSEFSEFW
UK 100

Latest directors dealings