European Wealth Group Limited Result of EGM, Result of Open Offer and Update (5494L)
20 July 2017 - 1:24AM
UK Regulatory
TIDMEWG
RNS Number : 5494L
European Wealth Group Limited
19 July 2017
European Wealth Group Limited
("EWG", the "Company" or the "Group")
Result of EGM, Result of Open Offer and Update on Admission
European Wealth Group Limited (AIM: EWG, EWGL), the integrated
wealth management group, is pleased to announce that the
Resolutions put to Shareholders at the Extraordinary General
Meeting held earlier today were duly passed.
In addition, the Company announces that it has received
applications for 12,577,077 New Ordinary Shares pursuant to the
Open Offer. 6,645,049 of these applications were in respect of
Shareholders' Basic Entitlement and 5,932,028 were in respect of
the Excess Application Facility. In addition, the Company received
applications from employees for 1,170,855 New Ordinary Shares. In
total, 13,747,932 New Ordinary Shares were subscribed for under the
Open Offer and Employee Offer, representing 57.3 per cent. of the
24,001,790 shares available thereunder.
The Company also announces that a condition of the Subscription
and Underwriting Agreement has not yet been satisfied or waived and
the relevant parties are working together to seek to resolve this.
The Company remains confident that this outstanding condition will
be satisfied or waived on acceptable terms in the near future.
A further update including details of Admission of the New
Ordinary Shares and total voting rights in the Company will be made
when appropriate. Details of the Open Offer and Employee Offer and
Directors' Interests as amended by the Fundraising and the Debt
Conversion will also be provided at that time.
Capitalised terms used in this announcement shall have the
meaning ascribed to them in the shareholder circular published on
26 June 2017 unless the context otherwise requires.
For further details, please contact:
European Wealth Group +44 (0)20 7293
Limited 0730
John Morton www.europeanwealth.com
finnCap Ltd (Nomad
and Broker) +44 (0)20 7220 0500
Adrian Hargrave
Scott Mathieson
FWD Consulting (Financial
PR) +44 (0)20 7280 0651
Roddy Watt +44 (0)7714 770493
This information is provided by RNS
The company news service from the London Stock Exchange
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