WideCells Group PLC Notice of General Meeting (2342D)
25 June 2019 - 12:10AM
UK Regulatory
TIDMWDC
RNS Number : 2342D
WideCells Group PLC
24 June 2019
24 June 2019
WideCells Group PLC ("WideCells" or the "Company")
Notice of General Meeting and Proposed Change of Name to Iconic
Labs PLC
WideCells Group PLC announces that it is proposing to change the
name of the Company to "Iconic Labs PLC", which is more appropriate
for the Company's new business strategy, and to adopt new articles
of association.
Resolutions to change the name of the Company and to adopt the
new articles of association, in substitution for and to the
exclusion of the existing articles of association, will be proposed
at a General Meeting ("GM") to be held at the offices of finnCap,
60 New Broad St, London EC2M 1JJ at 11.00am on Wednesday 10 July
2019.
Iconic Labs is a new media and technology business, which is
focused on providing online marketing, content and
technology-driven products. The Company, which is led by John
Quinlan and Liam Harrington, who were founders and key drivers
behind UNILAD, the world's largest social media publisher, has
successfully tried, tested and soft launched its initial media and
advertising focused agency model.
Since the team joined the Company in March 2019, it has made
strong progress in establishing its offering and building out its
presence within the new media marketing space.
A notice of the GM setting out full details of the name change
has been posted to shareholders and will shortly be available on
the Company's website: www.iconiclabs.co.uk
Executive Chairman, David Sefton, said: "We have made excellent
progress in restructuring the business which, when complete and
combined with the approval of the proposed name change, will enable
us to direct our energies towards a formal launch of Iconic Labs
and the realisation of its full potential.
"The soft launch of the Company has already got off to a
promising start - earlier this month, we commenced work on a
consulting and marketing services engagement with a UK-based
financial services business (see RNS dated 3 June 2019). This
engagement is on a long-term retainer basis, with initial revenues
over the first year expected to exceed GBP1 million, with the
potential for material increases.
"I look forward to building on this initial traction through
winning further contracts and establishing Iconic Labs as a
trailblazer for offering marketing services at the cutting-edge of
technology and embracing change to create new products, while at
the same time, remaining focused on our cash-flow driven business
model and delivering value for shareholders."
Chief Executive Officer, John Quinlan, said: "We are hugely
excited to be approaching the official launch of Iconic Labs and
have been working hard behind the scenes to ensure that we are
ready to hit the ground running.
"We have received considerable interest to date and are
confident that the new business and acquisition pipeline already
generated is set to grow rapidly as we broaden the commercial
marketing strategy of the Company.
"We have an aggressive growth strategy, including making
targeted acquisitions, and in the short-term we remain focused on
establishing a solid client base of forward-thinking companies keen
to embrace change and technology to improve their direct to
consumer and marketing approach."
**ENDS**
For further information,
please visit the Company's
website www.iconiclabs.co.uk
or contact:
Shard Capital Partners Co-broker - Damon Heath, Tel: +44 (0) 20
LLP Erik Woolgar 7186 9950
finnCap Ltd Co-broker - Chris Raggett, Tel: +44 (0) 20
St Brides Partners Scott Mathieson 7220 0500
Limited PR - Melissa Hancock, Juliet Tel: +44 (0) 20
Earl 7236 1177
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END
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