TIDMVIS

RNS Number : 8577R

Vitesse Media PLC

26 September 2017

The following amendment has been made to the 'Result of Meetings' announcement released on 26 September 2017 at 11.05 a.m. under RNS No 8451R.

Following Admission, the Company will have 172,061,632 Ordinary Shares in issue with voting rights.

All other details remain unchanged.

The full amended text is shown below.

26 September 2017

Vitesse Media plc

("Vitesse" or the "Company")

Result of Meetings

Vitesse Media Plc (VIS), the AIM-listed digital media and events business, announces that all resolutions were duly passed at the Company's Annual General Meeting ("AGM") held earlier today. In addition, all resolutions were also duly passed at the Company's General Meeting, held immediately after the conclusion of the AGM.

Consequently, it is expected that 107,500,000 new ordinary shares of 1 penny each in the Company ("Ordinary Shares") issued in connection with the placing, announced by the Company on 8 September 2017 ("Placing"), will be admitted to trading on AIM at 8.00am on 27 September 2017 ("Admission").

As a result of their participation in the Placing, immediately following Admission, Simon Stilwell, Chief Executive of the Company, will hold 17,500,000 Ordinary Shares, representing approximately 10.2 per cent. of the Company's issued share capital, and Anthony Cross, a significant shareholder in the Company, will hold 32,000,000 Ordinary Shares, representing approximately 18.6 per cent. of the Company's issued share capital.

As a result of a change in voting rights immediately following Admission, the number of shares held by the Company's remaining directors who hold an interest in the share capital of the Company remain unchanged, however, their percentage holdings will decrease. These directors' resultant shareholdings will be as follows:

 
                                   No. of 
                                 Ordinary      % of issued 
 Director                          Shares    share capital 
-----------------------------  ----------  --------------- 
 David Smith, Non-Executive 
  Chairman                      7,368,421             4.3% 
-----------------------------  ----------  --------------- 
 Keith Willey, Non-Executive 
  Director                        655,080             0.4% 
-----------------------------  ----------  ---------------

Following Admission, the Company will have 172,061,632 Ordinary Shares in issue with voting rights. This figure (172,061,632) may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further enquiries please contact:

 
  Vitesse Media plc              +44 (0)20 7250 7035 
  David Smith, Non-Executive 
   Chairman 
  Simon Stilwell, Chief 
   Executive 
  Stockdale Securities 
   Limited                       +44 (0)20 7601 6100 
  Tom Griffiths 
   David Coaten 
  AlmaPR                         +44 (0)20 3865 9668 
  Rebecca Sanders-Hewett 
  Robyn Fisher

About Vitesse Media plc

Vitesse Media plc is a leading B2B media business specialising in events, digital activities, data and research for the technology, SME business and high-net-worth investment industries. Its flagship titles include SmallBusiness.co.uk, Growth Company Investor, Information Age, GrowthBusiness.co.uk and What Investment. Vitesse Media is also responsible for a growing portfolio of high-profile events, including The Quoted Company Awards and 'Women in ...' Awards. Vitesse Media is focused on developing innovative products and services while evaluating further business opportunities in the fragmented B2B and B2C media and Equity space. Vitesse Media is quoted on AIM.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 26, 2017 07:15 ET (11:15 GMT)

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