East Imperial PLC Result of General Meeting (3760I)
04 August 2023 - 8:18PM
UK Regulatory
TIDMEISB
RNS Number : 3760I
East Imperial PLC
04 August 2023
4 August 2023
East Imperial plc
(the "Company")
Result of General Meeting
East Imperial, the global purveyor of ultra-premium beverages,
is pleased to announce that all resolutions were passed at the
General Meeting ("GM") of the Company held earlier today.
At the GM, shareholders approved the allotment by the Directors
of the 2025 Convertible Loan Notes and the dis-application of
statutory pre-emption rights in respect of such allotment.
As announced on 17 July 2023, the Company is proposing to raise
in aggregate GBP2.2 million (before expenses) by the issue of 10%
Secured Convertible Loan Notes ("2025 Convertible
Loan Notes") in two tranches to strategic investor Wen Hua
International ("WHI"), the Company's current Chinese Mainland and
Macau distribution partner (the "Proposed Transaction"). The 2025
Convertible Loan Notes will be unlisted and no offer or invitation
is being made to shareholders more generally to purchase, acquire
or subscribe for any of the 2025 Convertible Loan Notes in
conjunction with the Proposed Transaction.
The Company expects to close the first tranche of the investment
over the next few days, with WHI raising GBP1,466,666, and a
further announcement will be made in due course.
Enquiries
East Imperial Plc
Anthony Burt / Andrew Robertson - investors@eastimperial.com
About East Imperial
Founded in New Zealand and Singapore in 2012, East Imperial
produces a range of ultra-premium mixers that sell throughout APAC,
the US and EMEA. Guided by a clear strategy to capitalise on the
growing demand for premiumisation across the beverage industry,
East Imperial has sold over 25 million bottles in over 20 countries
since its founding, with popular products including Old World
Tonic, Grapefruit Tonic, Yuzu Tonic and Mombasa Ginger Beer. In
2023, East Imperial won 8 medals at the coveted Tonic & Mixers
Masters Competition in London. The company was founded on the
philosophy of creating exquisite products defined by heritage,
tradition and authenticity. All products are made from the highest
quality, all-natural ingredients, reflecting East Imperial's
commitment to providing a sustainable product and minimising
environmental impacts at every stage of the manufacturing process.
For more information about East Imperial and its ultra-premium
mixers, visit eastimperial.co.uk.
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END
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August 04, 2023 06:18 ET (10:18 GMT)
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