Cloudbuy PLC Result of General Meeting (0382B)
28 January 2020 - 1:09AM
UK Regulatory
TIDMCBUY
RNS Number : 0382B
Cloudbuy PLC
27 January 2020
27 January 2020
cloudBuy PLC
("Cloudbuy" or the "Company")
Result of General Meeting
cloudBuy, the global provider of cloud-based eCommerce
marketplaces and B2B buyer and supplier solutions, announces that
at its General Meeting, held at 11.00am today, all the resolutions
proposed in the Notice of Meeting were passed. Full details of the
total number of votes received for each resolution are set out
below.
Consequently, as contemplated in the Company's circular dated 9
January 2019 (the "Circular") and its announcement of the same
date, the last day of dealings in Cloudbuy's Ordinary Shares will
be 6 February 2020, and at 7:00am on 7 February 2020 the admission
to trading on AIM of Cloudbuy's Ordinary Shares will be cancelled.
Also, as contemplated, the Company will apply to the Registrar of
Companies for the Company to be reregistered as a private limited
company.
Further details of the Cancellation and Reregistration are set
out in both the Circular and announcement referred to above.
Capitalised terms used but not defined in this announcement have
the meaning given to them in the Circular. A copy of the Circular
is available on the Company's website,
https://investor.cloudbuy.com/documents-relating-to-cancellation.html.
The voting was as follows:
Special resolutions FOR AGAINST WITHHELD
1. In accordance with Rule 41 of the AIM
Rules for Companies, the cancellation of
the admission to trading on AIM (the market
of that name operated by the London Stock
Exchange plc) of the ordinary shares of 0.1p
each in the capital of the Company be and 66,915,866 21,272,073
is hereby approved and the directors of the votes votes
Company be authorised to take all action 75.88% of 24.12% of
reasonable or necessary to effect such cancellation. those voting those voting 0
--------------- --------------- -----------
66,915,866 21,272,073
2. The Company: be re-registered as a private votes votes
limited company with the name of cloudBuy 75.88% of 24.12% of
Limited; and adopt new articles of association. those voting those voting 0
--------------- --------------- -----------
Ordinary Resolutions
-----------
3. The directors be given authority to authorise 65,672,611 9,677,419 11,837,909
matters giving rise to an actual or potential votes votes votes
conflict 87.16% of 12.84% of
those voting those voting
--------------- --------------- -----------
4. To authorise the Directors to allot shares 65,672,861 9,652,169 12,087,909
or grant rights to subscribe for or to convert votes votes votes
any security into shares pursuant to section 87.19% of 12.81% of
551 of the Companies Act 2006 (the "Act"). those voting those voting
--------------- --------------- -----------
Special resolution
-----------
5. To dis-apply the pre-emption provisions 65,672,611 9,652,169 11,863,159
of section 561(1) of the Act. votes votes votes
87.19% 12.81%
--------------- --------------- -----------
Note votes withheld are not included in the percentage of the
voting calculations
For further information, please contact:
cloudBuy plc
David Gibbon, CFO & COO Tel: 0118 963 7000
Arden Partners plc - NOMAD and broker Tel: 020 7614 5900
Paul Shackleton / Daniel Gee-Summons - Corporate
Finance
Simon Johnson - Corporate Broking
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.
END
ROMPPUAUGUPUGCM
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January 27, 2020 09:09 ET (14:09 GMT)
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