Sutton Harbour Holdings PLC Result of General Meeting and Share Subscription (8970A)
04 January 2018 - 3:35AM
UK Regulatory
TIDMSUH TIDMTTM
RNS Number : 8970A
Sutton Harbour Holdings PLC
03 January 2018
3 January 2018
Sutton Harbour Holdings plc
("SHH" or the "Company")
Result of General Meeting and Share Subscription
Sutton Harbour Holdings plc (AIM: SUH) is pleased to announce
that at the General Meeting of the Company held earlier today, the
Resolutions set out in the Notice of General Meeting within
Appendix II of the Partial Offer Document posted to SHH
Shareholders on 7 December 2017, were duly passed by SHH
Shareholders.
The Share Subscription, as set out in the Partial Offer
Document, was conditional upon (i) the Partial Offer becoming or
being declared wholly unconditional in accordance with its terms,
and (ii) SHH Shareholders passing the resolutions necessary to
grant the SHH Directors sufficient authorities to issue the
Subscription Shares at the SHH General Meeting.
Both of these conditions have now been satisfied. Accordingly,
pursuant to the Share Subscription and following the passing of the
Resolutions, the Company will issue 9,322,034 new ordinary shares
to FB Investors LLP.
Unless otherwise indicated, capitalised terms used in this
announcement have the meanings given to them in the Partial Offer
Document posted to SHH Shareholders on 7 December 2017.
Total Voting Rights
Application will be made to the London Stock Exchange for the
admission of 9,322,034 new ordinary shares in the capital of the
Company to trading on AIM, which is expected to become effective at
8:00 a.m. on 10 January 2018 ("Admission"). Following Admission,
the Company's enlarged share capital will comprise 105,599,120
ordinary shares with voting rights. The Company does not hold any
shares in treasury.
Therefore, following Admission the total number of ordinary
shares in the capital of the Company with voting rights will be
105,599,120 and SHH 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 a change to their
interest in the Company, under the FCA's Disclosure Guidance and
Transparency Rules.
SHH Shares are admitted to trading on AIM under the ticker SUH.
For more information, visit www.suttonharbourholdings.co.uk.
Enquiries:
Sutton Harbour Holdings
plc
Graham Miller, Chairman
Jason Schofield, Chief
Executive Officer 0117 945 3472
Rothschild (Financial
Adviser to Sutton Harbour
Holdings plc)
John Byrne
Andrew Graham
Tom Palmer 020 7280 5000
Arden Partners plc
(Nominated Adviser
to Sutton Harbour Holdings
plc)
John Llewellyn-Lloyd
Benjamin Cryer 020 7614 5900
DCA (Financial PR to
Sutton Harbour Holdings
plc)
Philip Ranger 07768 534 641
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
N M Rothschild & Sons Limited ("Rothschild"), which is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting exclusively as financial adviser to
SHH and no one else in connection with the Partial Offer and other
matters described in this Announcement, and will not be responsible
to anyone other than SHH for providing the protections afforded to
clients of Rothschild or for providing advice in relation to the
Partial Offer, the contents of this Announcement or any other
matter referred to herein. Rothschild has given, and not withdrawn,
its consent to the inclusion in the Announcement of the references
to its name and the advice it has given to SHH in the form and
context in which they appear.
Arden Partners plc ("Arden Partners"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively as nominated adviser to SHH and no-one else
in connection with the Partial Offer and other matters described in
this Announcement, and will not be responsible to anyone other than
SHH for providing the protections afforded to clients of Arden
Partners or for providing advice in relation to the Partial Offer,
the contents of this Announcement or any other matter referred to
herein. Arden Partners has given, and not withdrawn, its consent to
the inclusion in the Announcement of the references to its name in
the form and context in which it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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