BigDish PLC Further re Issue of Equity (3759L)
06 September 2019 - 4:00PM
UK Regulatory
TIDMDISH
RNS Number : 3759L
BigDish PLC
06 September 2019
BigDish Plc
("BigDish" or the "Company")
Further re Issue of Equity
BigDish Plc (LON: DISH), announces that, further to the
announcement released by the Company on 22 August 2019, the
requisite regulatory approvals in relation to the issue of the
13,812,920 ordinary shares to certain Pouncer shareholders
("Deferred Consideration Shares") as part of the acquisition
agreement were not obtained and as a consequence, the Company has
withdrawn the application to admit the Deferred Consideration
Shares to trading on the London Stock Exchange.
The Company will now submit a new application for 10,391,472 new
ordinary shares of the previously unsuccessful application of the
13,812,920 ordinary shares, which have received the requisite
regulatory approvals to be admitted to trading on the London Stock
Exchange. Admission of the balance of the remaining 3,421,448
ordinary shares, which are still subject to regulatory approvals,
will be sought at a later date.
Application has been made for 10,391,472 new ordinary shares of
no par value to be admitted to trading which is expected to occur
on or around 11 September 2019 ("Admission").
Total Voting Rights
Following Admission, the Company's enlarged issued share capital
will be 348,950,355. The total number of voting rights in the
Company is therefore 348,950,355. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR")
Enquiries:
Zak Mir, Digital Communications
Officer +44 (0) 7867 527658
Jonathan Morley-Kirk, Non-Executive +44 (0) 7797 859986
Chairman jmk@bigdish.com
Notes to Editors
BigDish Plc is a London Stock Exchange listed food technology
company that operates a yield management platform for the
restaurant industry, including a mobile App.
The Company helps restaurants in the UK fill their spare
capacity and optimise their revenues through smart and dynamic
discounts. Consumers can access these via the BigDish App and
website platforms. Restaurants pay BigDish a fee per diner
seated.
BigDish is fully committed to delivering shareholder value to
its stakeholders through this model and is actively seeking to
expand across the UK. An expansion strategy has been outlined which
divides the UK into territorial target areas.
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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