Information  X 
Enter a valid email address

Immediate Acq PLC (IME)

  Print          Annual reports

Tuesday 05 July, 2022

Immediate Acq PLC

Result of AGM

RNS Number : 3769R
Immediate Acquisition PLC
05 July 2022
 

5 July 2022

 

Immediate Acquisition Plc

("IME", the "Group" or the "Company")

 

Result of Annual General Meeting

 

Immediate Acquisition Plc (AIM: IME) announces that at its Annual General Meeting ("AGM") held earlier today, all resolutions were passed with the requisite majorities. Resolutions 1-8 (inclusive) were passed as ordinary resolutions. Resolutions 9, 10 and 11 were all in relation to the Directors' authority to allot shares, this matter was covered in the resolutions put to the general meeting held on 1 July and therefore the Directors decided to withdraw resolutions 9, 10 and 11 from the AGM.

Voting was conducted by way of a poll and the results are set out below:

Resolution

Votes for

% of votes

Votes Against

% of votes

Withheld

Total Votes

1.  To receive and adopt the Company's annual accounts for the year ended 31 December 2021 together with the Directors' report and auditor's report.

7,678,780

100.00%

Nil

0.00%

Nil

7,678,780

2.  To receive and approve the Directors' remuneration report for the year ended 31 December 2021.

7,678,780

100.00%

Nil

0.00%

Nil

7,678,780

3.  To re-elect Tim Hipperson as a director of the Company.

7,678,780

100.00%

Nil

0.00%

Nil

7,678,780

4.  To re-elect Mark Horrocks as a director of the Company.

3,078,780

100.00%

Nil

0.00%

Nil

3,078,780

5.  To re-elect Simon Leathers as a director of the Company.

7,678,780

100.00%

Nil

0.00%

Nil

7,678,780

6.  To re-appoint the auditors, Nexia Smith & Williamson.

7,678,780

100.00%

Nil

0.00%

Nil

7,678,780

7.  To authorise the Directors to fix the remuneration of the auditors.

7,678,780

100.00%

Nil

0.00%

Nil

7,678,780

8.  To affirm the sale of the Company's loan to Sprift Technologies Limited, at face value, for a total cash consideration of £1.05 million to Mark Horrocks, Non-Executive Director of the Company, for the purposes of section 190 of the Companies Act 2006.

3,078,780

100.00%

Nil

0.00%

Nil

3,078,780

9.  Withdrawn

N/A

N/A

N/A

N/A

N/A

N/A

10.  Withdrawn

N/A

N/A

N/A

N/A

N/A

N/A

11.  Withdrawn

N/A

N/A

N/A

N/A

N/A

N/A

 

For further information please contact:

Immediate Acquisition Plc

Tim Hipperson, Non-executive Chairman

Simon Leathers, Non-executive Director

Tel:  +44 (0) 203 515 0233

SPARK Advisory Partners Limited (Nomad)

Mark Brady

Neil Baldwin

Tel: +44 (0) 203 368 3550

SP Angel Corporate Finance LLP (Broker)

Abigail Wayne

Matthew Johnson

Tel: +44 (0) 207 470 0470

Buchanan Communications

Chris Lane / Kim van Beeck / Jack Devoy

Tel: +44 (0) 207 466 5000

 

Information on Immediate Acquisition plc

Immediate Acquisition plc is currently an AIM Rule 15 cash shell. At a general meeting on 1 July 2022, shareholders approved the acquisition of Fiinu Holdings Limited ("Fiinu Holdings") (the "Acquisition"), a fintech company and creator of the Plugin Overdraft®, which is classified as a reverse takeover under AIM Rule 14.  The Acquisition remains conditional, inter alia, upon Fiinu's subsidiary, Fiinu 2 Ltd ("Fiinu 2"), receiving confirmation of its Part 4A deposit taking licence from the UK regulators.

Information on Fiinu

Fiinu Holdings, founded in 2017, is a technology platform and provider of consumer banking products.

Fiinu is comprised of two innovative businesses: Fiinu 2, which is in the final stages of obtaining Part 4A Permission from the UK regulators and will offer the group's flagship product, the Plugin Overdraft®, and Fiinu Ltd, a provider of financial technology and alternative data solutions.

Fiinu's Plugin Overdraft® is an unbundled overdraft solution, whereby Fiinu can provide its customers with an overdraft facility without them having to switch their current account with their present bank, giving customers access to affordable credit. Importantly, an overdraft does not negatively impact a consumer's credit score and helps avoid expensive "payday lenders", giving consumers the opportunity to build their credit rating.

Fiinu Ltd is the group's technology arm which will manage and develop the group's platform utilising data insights and analytics.

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 [email protected] 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
 
 
RAGRAMLTMTIMMRT

a d v e r t i s e m e n t