Walker Greenbank PLC Result of General Meeting (7569N)
28 October 2016 - 9:15PM
UK Regulatory
TIDMWGB
RNS Number : 7569N
Walker Greenbank PLC
28 October 2016
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE
REPUBLIC OF IRELAND, NEW ZEALAND OR JAPAN OR ANY OTHER JURISDICTION
IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL.
28 October 2016
Walker Greenbank PLC
("Walker Greenbank" or the "Company")
Result of General Meeting
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings
group whose brands include Sanderson, Morris & Co., Harlequin,
Zoffany, Scion and Anthology, announced on 12 October 2016 the
conditional Acquisition of Clarke & Clarke and the conditional
Placing to raise GBP17.0 million. Both the Acquisition and Placing
were subject, inter alia, to the approval by Shareholders of the
Resolutions set out in the Notice of General Meeting. The Company
is pleased to announce that at the General Meeting, which was held
earlier today, all resolutions were duly passed.
The Company will have, conditional only on Admission,
successfully raised GBP17.0 million (before expenses) through the
Placing and completed the Acquisition of Clarke & Clarke.
Following the passing of the Resolutions at the General Meeting,
the Company will, conditional only on Admission, issue and allot
8,947,369 new Ordinary Shares. Application has been made to the
London Stock Exchange for these new Ordinary Shares to be admitted
to trading on AIM and it is expected that Admission will occur and
that dealings will commence at 8.00 a.m. on 31 October 2016.
Upon Admission, the Company's total issued and voting share
capital will comprise 69,551,678 Ordinary Shares with one voting
right per share. The Company does not hold any Ordinary Shares in
Treasury. Therefore, this figure of 69,551,678 Ordinary Shares 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 FCA's Disclosure Guidance and Transparency
Rules.
Unless otherwise stated, definitions used in this announcement
carry the same meaning as those set out in the circular to
shareholders dated 12 October 2016.
For further information, please contact:
+44 (0)844 543
Walker Greenbank plc 4668
John Sach, Chief Executive Officer
Mike Gant, Chief Financial Officer
+44 (0)20 7597
Investec (Nomad and Broker) 4000
Garry Levin / David Anderson
/ Alex Wright
Henry Reast - Corporate Broking
+44 (0)20 7466
Buchanan 5000
Mark Court / Sophie Cowles /
Catriona Flint
About Walker Greenbank
Walker Greenbank is a luxury interior furnishings company that
designs, manufactures and markets wallpapers and fabrics together
with a wide range of ancillary interior products. The Company's
brand portfolio - comprising Sanderson, Morris & Co, Harlequin,
Zoffany, Scion and Anthology - spans heritage and contemporary
design and its products are sold in more than 85 countries
worldwide. The Company derives significant licensing income from
the use of its designs in lifestyle products such as bed linen,
rugs and tableware.
The Company employs more than 600 people and has showrooms in
London, New York, Paris, Amsterdam and Dubai along with partnership
showrooms in Moscow and in Shenzhen, China. Its UK manufacturing
base, which includes a wallpaper factory in Loughborough and a
fabric printing factory in Lancaster, manufactures product both for
the Company together with its subsidiaries (the "Group") and for
other wallpaper and fabric brands. Continued investment in
manufacturing has allowed the Group to offer a wide range of
printing techniques.
Walker Greenbank trades on the AIM market of the London Stock
Exchange under the ticker symbol WGB.
For further information please visit:
www.walkergreenbank.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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