TIDMLFT

RNS Number : 3217Y

Lift Global Ventures PLC

05 September 2022

5 September 2022

Lift Global Ventures Plc

("Lift" or the "Company")

Result of General Meeting

Completion of Acquisition of Miriad Limited

Lift Global Ventures Plc (AQSE:LFT) is pleased to announce that all Resolutions proposed at the General Meeting of the Company held earlier today were duly passed .

Following the approval of the Resolutions, the transaction, as announced on 8 August 2022, has become unconditional in all respects. Lift Global Ventures Plc has therefore concluded the acquisition of Miriad Limited, which will become a wholly owned subsidiary with effect from today's date .

The Directors of the Company have approved the issue and allotment of 4,166,666 Ordinary Shares ("Consideration Shares") and the payment of GBP200,000 to the sellers of Miriad Limited (including, Zak Mir) in satisfaction of the consideration. The Company will make an application for the Consideration Shares to be admitted to trading.

Paul Gazzard, Non-Executive Chairman of Lift Global Ventures Plc, commented: "I am delighted that the Miriad deal has been voted through today, as it provides a firm foundation for Lift, so soon after the Company's IPO, upon which to build further value for shareholders."

Enquiries:

 
 Lift Global Ventures Plc 
 Zak Mir, CEO 
  Tim Daniel, Executive Director      +44 (0)203 745 1865 
                                     -------------------- 
 Optiva Securities (AQSE Corporate 
  Adviser and Broker) 
                                     -------------------- 
 Christian Dennis 
  Daniel Ingram                       +44 (0)203 411 1881 
                                     --------------------

For more information please visit: www.liftgv.com

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(END) Dow Jones Newswires

September 05, 2022 10:57 ET (14:57 GMT)

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