Sabien Technology Group PLC Result of Meeting (1838Z)
09 January 2020 - 12:15AM
UK Regulatory
TIDMSNT
RNS Number : 1838Z
Sabien Technology Group PLC
08 January 2020
For immediate release
8 January 2020
Sabien Technology Group plc
("Sabien" or the "Company")
Result of General Meeting
The Board of Sabien is pleased to announce that all the
resolutions were approved at the General Meeting of the Company
held earlier today. On 16 December 2019, the Company announced that
the Company's broker, Peterhouse Capital Limited, had conditionally
raised gross proceeds of GBP300,000 through the placing of
200,000,000 new ordinary shares (the "Placing Shares") with new and
existing investors, at a price of 0.15 pence per Placing Share. The
Placing was conditional, inter alia, on the approval by the
Company's shareholders of the necessary resolutions to authorise
the directors to issue the Placing Shares and granting
disapplication of pre-emption rights at the General Meeting and
which were passed today on a poll. The result of the poll vote for
each resolution was as follows:
RESOLUTIONS FOR % FOR AGAINST % AGAINST WITHHELD*
1. To authorise the directors
to allot shares 381,635,386 100% NIL 0% 2,183
2. To dis-apply statutory
pre-emption rights 381,635,386 100% NIL 0% 2,183
*A vote withheld is not a vote in law and is not counted in the
votes for or against a resolution
A copy of the notice is available from the Company's website,
www.sabien-tech.co.uk. Admission of the Placing Shares to trading
on AIM will therefore become effective on 9 January 2020.
Total Voting Rights
In conformity with the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority ("FCA") Sabien announces
that as at today's date the Company's issued share capital consists
of 1,387,006,490 Ordinary Shares of 0.01p each with voting rights.
The Company does not hold any Ordinary Shares in Treasury.
Therefore, the total number of Ordinary Shares in the Company with
voting rights is 1,387,006,490 .
The above figure of 1,387,006,490 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 Company under the FCA's Disclosure Guidance
and Transparency Rules.
For further information:
Sabien Technology Group plc
Richard Parris and Cédriane de Boucaud +44(0)20 7993
Truell 3700
Beaumont Cornish Limited (Nominated Advisor)
Michael Cornish and Roland Cornish +44(0)20 7628
www.beaumontcornish.com 3396
Peterhouse Capital Limited (Broker) +44(0)20 7469
Duncan Vasey and Lucy Williams 0930
ENDS
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END
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