TIDMC21
RNS Number : 3371V
21st Century Technology PLC
02 December 2019
2 December 2019
21(st) Century Technology plc
("21(st) Century" or "the Group")
Result of GM
21st Century Technology plc (AIM: C21), to be renamed "Journeo
plc" (AIM: JNEO) the specialist provider of integrated IoT systems
and software to the passenger transport markets, announces that at
its General Meeting held earlier today all the resolutions
proposed, details of which were set out in a Circular to
shareholders dated 13 November 2019, were duly passed. Results of
the proxy voting will be available on the Company's website in due
course.
All capitalised terms in this announcement are as defined in the
Circular which in addition to the Notice of GM and other relevant
documents was sent to shareholders on 13 November 2019 and is
available on the Company's website, www.21stplc.com.
Share Reorganisation and New Ordinary Shares
Immediately following the GM, 245 Existing Ordinary Shares were
issued at a price of 6.5 pence per share to ensure that as part of
the Share Reorganisation an exact whole number of New Consolidate
Shares will be issued. At the Share Reorganisation Record Date, the
93,240,000 Existing Ordinary Shares will be consolidated into New
Consolidated Ordinary Shares each on the basis of one New
Consolidated Ordinary Share for each 4,000 Existing Ordinary
Shares. Each New Consolidated Ordinary Share will then be
sub-divided into 250 New Ordinary Shares and 3,750 Deferred Shares.
Immediately following the Share Reorganisation, the Company's
issued share capital will comprise 5,827,500 Ordinary Shares of
6.5p each and 87,412,500 Deferred Shares of 6.5p each.
The closing mid-market price of an Existing Ordinary Share on 29
November was 4.25 pence which, had the Share Reorganisation
occurred at that time, would be equivalent to a price of 68 pence
per New Ordinary Share.
Application has been made for the 5,827,500 New Ordinary Shares
to be admitted to trading on AIM. Dealings are expected to commence
on 3 December 2019 at 8 a.m. The New Ordinary Shares will trade
under the ISIN: GB00BKP51V79 and SEDOL: BKP51V7.
Existing share certificates will cease to be valid following the
Share Reorganisation. New share certificates in respect of the New
Ordinary Shares are expected to be issued on or around 10 December
2019. A CREST Shareholder will have their CREST account credited
with their New Ordinary Shares following Admission on 3 December
2019.
In accordance with the provisions of the Disclosure and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following the Share Reorganisation, its issued share
capital will comprise 5,827,500 new ordinary shares of 6.5p each
("Ordinary Share") and 87,412,500 deferred shares of 6.5p each. All
of the 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 is therefore 5,827,500. 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 share capital of
the Company under the Disclosure and Transparency Rules.
Change of Name and Website Address
Shareholders have approved the change of Company name to:
Journeo plc
The change of name will be effective once Companies House has
issued a certificate of incorporation on change of name. This is
expected to occur on or around 2 December 2019. The tradable
instrument display mnemonic ("TIDM") of the Company is expected to
change to JNEO with effect from 7 a.m. on 3 December 2019.
Following the change of name the Company's website address will
be www.journeo.com.
The expected timetable for implementation of the proposals is as
follows:
Record Date for the Share Reorganisation 6 p.m. on 2 December
2019
Admission and dealings in the New Ordinary 3 December 2019
Shares expected to commence on AIM
---------------------
Expected date for CREST accounts to be 3 December 2019
credited for the New Ordinary Shares to
be held in uncertified form
---------------------
Despatch of definitive share certificates by 10 December 2019
in respect of the New Ordinary Shares
to be held in certificated form, if applicable
---------------------
(Notes)
(1. Each of the times and dates above are indicative only and if
any of the details contained in the timetable above should change,
the revised times and dates will be notified to Shareholders by
means of an announcement through a Regulatory Information
Service.)
(2. All of the above times refer to London time unless otherwise
stated.)
For further information, please contact:
21st Century Technology plc
Russ Singleton/ Nick Lowe +44 (0) 844 871 7990
WH Ireland - Nominated Adviser and Broker
Mike Coe/ Chris Savidge +44 (0) 117 945 3470
Communications Portfolio
Ariane Comstive +44 (0) 7785 922 354
Notes to editors:
'Connected Systems for Connected Journeys'
Journeo plc is the specialist provider of integrated systems and
software to the transport community, solving complex operational
requirements 'on-board' vehicles and the associated 'in-street'
information delivery infrastructure. Comprising a Fleet Systems
division and a Passenger Systems division, Journeo plc's innovative
IoT solutions are 'connecting systems for connected journeys'.
Fleet Systems solutions include CCTV video surveillance to
improve passenger & driver safety, vehicle & driver
performance monitoring, real-time on-board IT subsystems management
and automatic passenger counting.
Passenger Systems solutions include design, manufacture,
installation and management of all the hardware and software for
electronic passenger information systems, smart-ticketing and
wayfinding.
With over 20 years' experience in the passenger transport
industry, 21st Century specialises in creating innovative,
cost-effective technology-led solutions to safely enhance the
passenger travel experience whilst delivering real operational
benefits to vehicle manufacturers, fleet operators, transport
networks and local authorities.
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
ROMLLFFLFALFIIA
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December 02, 2019 06:33 ET (11:33 GMT)
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