Result of Meeting

Sorted Group Holdings PLC

20 April 2026

 

20 April 2026

Sorted Group Holdings Plc

("Sorted" or the "Company" or the "Group")

Result of General Meeting and Completion of Disposal

Sorted Group Holdings Plc (AIM: SORT) announces that at the Company's general meeting held earlier today, the resolution to approve the Disposal of the Company's operating subsidiary, Sorted Group Limited, was duly passed on a poll, with the following table summarising the proxy votes:

Resolution	Votes for	Votes against	Approval	Withheld
Ordinary Business	Shares	Shares	%	Shares
1.   To approve the Disposal	2,775,407	1,665	99.94	622

A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.

The resolution to change the name of the Company to SGH plc was withdrawn due to unforeseen technical difficulties. A further announcement will be made in this regard in due course.

Following the general meeting and approval of the Disposal, as the other conditions to completion of the Disposal have now been satisfied and/or waived as appropriate by the buyer, the sale by the Company's wholly-owned subsidiary, Sorted Holdings Limited, of the entire issued share capital of Sorted Group Limited to Brislington Holdco Limited has now completed.

AIM Rule 15

In accordance with AIM Rule 15, the Disposal constituted a fundamental change of business of the Company as the Company has now ceased to own, control or conduct all or substantially all, of its trading business, activities or assets.  Therefore, the Company has now become an AIM Rule 15 Cash Shell and, as such, will be required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 and publish an admission document on or before the date falling six months from completion of the Disposal. For the purposes of Rule 15, becoming an investing company pursuant to Rule 8 of the AIM Rules (which requires the raising of at least £6m) will be treated as a reverse takeover and accordingly require the publication of an admission document. Failing that the Company's Ordinary Shares would then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension, should the reason for the suspension not have been rectified.

The Company will continue to evaluate appropriate opportunities in the sectors the Board considers appropriate, seeking to identify one or more projects or assets which the Company can acquire, which would constitute a reverse takeover under AIM Rule 14.

Any reverse takeover transaction will require the publication of an AIM Rules compliant admission document and will be subject to Shareholder approval at a further general meeting of the Company to be convened at the appropriate time.

As an AIM Rule 15 Cash Shell, the Company will have no operating cash flows.

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company at 7:00 a.m. on 2 April 2026. 

For further information please contact:

Sorted Group Holdings Plc                                                                          Tel: [phone]

Simon Wilkinson, Executive Chairman

Allenby Capital Limited (Nominated Adviser)                                            Tel: [phone]

David Hart

Vivek Bhardwaj

Turner Pope Investments (TPI) Ltd (Broker)                                              Tel: [phone]

Guy McDougall

Andy Thacker

 

END