Koovs PLC Result of General Meeting (4949W)
01 August 2018 - 8:41PM
UK Regulatory
TIDMKOOV
RNS Number : 4949W
Koovs PLC
01 August 2018
For immediate release
1 August 2018
Koovs plc
("Koovs" or the "Company")
Result of General Meeting
On 16 July 2018, the Company published its shareholder circular
(the "Circular") in connection with the Capital Raising, tranches 1
and 2 of the HT Media Strategic Agreement and the renewal of the
Company's general authorities to allot Ordinary Shares and disapply
pre-emption rights up to approximately 33 per cent. of the nominal
value of the Enlarged Issued Share Capital.
Koovs is pleased to announce that the Resolutions proposed at
the General Meeting held earlier today were all duly passed by
Shareholders.
The Capital Raising remains conditional on the satisfaction of
certain conditions, including Admission.
Application has been made for the admission of the Placing
Shares and the Subscription Shares to trading on AIM, which is
expected to become effective and dealings commence at 8.00 a.m. on
6 August 2018.
Following Admission, the total number of Ordinary Shares in
issue with voting rights will be 313,260,293 Ordinary Shares and
Shareholders may use this figure as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or change to their interest in, the share
capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.
Further details regarding the date of admission of Ordinary
Shares to HT Media pursuant to the HT Media Strategic Agreement
will be announced by the Company via a Regulatory Information
Service in due course, subject to the satisfaction or waiver of the
applicable conditions.
Capitalised terms used in this announcement shall have the same
meanings given to them in the Circular.
For further information please contact:
Koovs
Mary Turner/Robert Pursell Tel: +44 (0)20 7151
0170
Peel Hunt LLP
Dan Webster/George Sellar Tel: +44 (0) 20
7418 8900
Jock Maxwell Macdonald (ECM)
Whitman Howard Limited (Bookrunner)
Nick Lovering/Niall Baird Tel: +44 (0)20 7659
1231
Media enquiries:
Headland (for Koovs)
Lucy Legh/Francesca Tuckett Tel: +44 (0)20 3805
4822
This information is provided by RNS, the news service of the
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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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