TIDMMLVN

RNS Number : 3003P

Malvern International PLC

08 June 2020

8 June 2020

Malvern International plc

(AIM: MLVN)

Result of General Meeting

Delay to completion of Fundraising

Malvern International plc ("Malvern" or the "Company"), the global learning and skills development partner, announces that at the General Meeting held today, all resolutions were duly passed, including resolutions to approve a sub-division of the existing share capital, the issue of the Fundraising Shares and the Creditor Conversion Shares, details of which were set out in a circular to shareholders dated 20 May 2020.

However the conditions to the Placing under the Placing Agreement have not yet been fully satisfied and therefore the Admission of the Fundraising Shares and Creditor Conversion Shares, which was intended to take place tomorrow, is being deferred until such time as those conditions are satisfied or waived. Under the Placing Agreement the long stop date for completion of the Placing is 8 a.m. on 19 June 2020.

Trading in the Company's shares on AIM is currently suspended pursuant to Market Notice N12/20 released on 4 June. The Company has requested that this suspension continue pending clarification of the Fundraising. In the event that the Fundraising does not complete or alternative financing arrangements are not made the Company will not be able to continue trading.

This announcement should be read in conjunction with the full text of the Circular posted to Shareholders on 20 May 2020, copies of which are available on the Company's website at www.malverninternational.com . Capitalised terms in this announcement have the same meaning as given in the Circular.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

 
 Enquiries: 
 Malvern International plc                 www.malverninternational.com 
 Mark Elliott (Non-Executive Chairman)     Via Communications Portfolio 
  Sam Malafeh (Chief Executive Officer) 
 
 WH Ireland Limited (Nominated Adviser              www.whirelandcb.com 
  and Broker) 
 Mike Coe / Chris Savidge (Corporate 
  Finance)                                         +44 (0) 207 220 1666 
 Jasper Berry (Corporate Broking)                  +44 (0) 207 220 1666

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END

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June 08, 2020 10:30 ET (14:30 GMT)

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