Contango Holdings PLC Result of GM (2621Q)
17 June 2020 - 9:09PM
UK Regulatory
TIDMCGO
RNS Number : 2621Q
Contango Holdings PLC
17 June 2020
17 June 2020
Contango Holdings Plc
('Contango' or the 'Company')
Result of General Meeting
Contango Holdings Plc ("Contango" or the "Company") is pleased
to announce at its General Meeting held earlier today all
resolutions were duly passed.
Accordingly the Company has today authorised the issue and
allotment of 128,849,961 ordinary shares of GBP0.01 each (the
"Ordinary Shares") at a price of GBP0.05 each to Consolidated
Growth Holdings Limited, 28,000,000 Ordinary Shares at a placing
price of GBP0.05 raising gross proceeds of GBP1,400,000 (the
"Placing") and 3,333,330 Ordinary Shares at a price of GBP0.375 per
share in lieu of a completion bonus; collectively the "New Ordinary
Shares".
The full details are set out in the announcement dated 22 May
2020.
Admission to Trading on the Main Market
Further to the announcement on 22 May 2020, the London Stock
Exchange has conditionally accepted the application for the
existing share capital of the Company to be readmitted and for the
New Ordinary Shares to be admitted to the official list by way of a
standard listing ("Readmission") and it is anticipated that
Readmission will take place tomorrow, 18 June 2020. The New
Ordinary Shares will rank pari passu with the existing ordinary
shares. The Company confirms that, following the issue of the New
Ordinary Shares, its issued share capital will comprise 203,133,278
Ordinary Shares upon Readmission. All of these Ordinary Shares have
equal voting rights and none of the Ordinary Shares are held in
treasury. The total number of voting rights in the Company will
therefore be 203,133,278 upon Readmission.
For further information, please visit
www.contango-holdings-plc.co.uk or contact:
Contango Holdings plc E: info@contango-holdings-plc.co.uk
Brandon Hill Capital Limited T: +44 (0)20 3463 5000
Financial Adviser & Broker
Jonathan Evans
St Brides Partners Ltd T: +44 (0)20 7236 1177
Financial PR & Investor Relations
Catherine Leftley/Cosima Akerman
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
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
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