Result of General Meeting

RNS Number : 3622U

Digital Barriers plc

27 December 2012

 



27 December 2012

Digital Barriers plc
("Digital Barriers" or the "Company")

Result of General Meeting

On 6 December 2012, Digital Barriers the specialist provider of advanced surveillance technologies to the security and defence sectors, announced the proposed Placing of 7,172,414 new Ordinary Shares at 145 pence per share and the proposed amendments to the rights attaching to Incentive Shares and LTIP Rules. The Proposals were subject, inter alia, to approval by Shareholders of the Resolutions set out in the Notice of General Meeting.

The Company is pleased to announce that all of the Resolutions were passed on a show of hands at the General Meeting which took place earlier today.

The number of proxies received in respect of each resolution were as follows:

Resolution 1: The ordinary resolution to approve the allotment of 7,172,414 new ordinary shares

	Number of Ordinary Shares voted	Percentage of voted Ordinary Shares (%)
FOR	32,832,917	100
AGAINST	Nil	Nil
WITHHELD	Nil	Nil

Resolution 2: The special resolution to approve the disapplication of pre-emption rights

	Number of Ordinary Shares voted	Percentage of voted Ordinary Shares (%)
FOR	32,832,917	100
AGAINST	Nil	Nil
WITHHELD	Nil	Nil

Resolution 3: The special resolution to adopt new Articles of Association¹

	Number of Ordinary Shares voted	Percentage of voted Ordinary Shares (%)
FOR	28,941,667	100
AGAINST	Nil	Nil
WITHHELD	3,891,250	Nil

Resolution 4: The ordinary resolution to approve amendments to the LTIP¹

	Number of Ordinary Shares voted	Percentage of voted Ordinary Shares (%)
FOR	28,941,667	100
AGAINST	Nil	Nil
WITHHELD	3,891,250	Nil

1          Note: The voting results for Resolutions 3 and 4 exclude the votes of the Founding Executive Directors and their connected persons.

A vote withheld is not a vote in law and does not count in the total of votes cast.

Any proxy appointments which gave discretion to the chairman of the meeting have been included in the 'For' total.

The issued ordinary share capital of the Company is 43,787,176 Ordinary Shares of one penny each.

The Placing remains conditional, inter alia, upon Admission. Admission is expected to become effective at 8.00 a.m. on 2 January 2013.

Terms defined in the circular dated 6 December 2012 have the same meaning in this announcement, save where the context otherwise requires.

Enquiries:

Digital Barriers PLC		Tel: [phone]
Tom Black, Executive Chairman
Colin Evans, Managing Director
Zak Doffman, Development Director
Investec Investment Banking		Tel: [phone]
Financial Adviser and Broker to Digital Barriers
Andrew Pinder
Patrick Robb
Dominic Emery
FTI Consulting		Tel: [phone]
PR Adviser to Digital Barriers
Edward Bridges
Matt Dixon
Elodie Castagna

About Digital Barriers

Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets, specialising in 'edge-intelligent' solutions that are designed for remote, hostile or complex operating environments. We work with governments, multinational corporations and system integrators in the defence, law enforcement, critical infrastructure, transportation and natural resources sectors. Our surveillance technologies have been successfully proven on some of the most demanding operational and environmental deployments around the world.

www.digitalbarriers.com 

 

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