W.H. Ireland Group PLC Result of General Meeting (4495E)
09 February 2018 - 9:18PM
UK Regulatory
TIDMWHI
RNS Number : 4495E
W.H. Ireland Group PLC
09 February 2018
WH Ireland Group Plc
("WH Ireland" or the "Company")
Result of General Meeting
Completion of Placing
The Directors are pleased to confirm that at the Company's
General Meeting held earlier today all resolutions were duly
approved.
Accordingly the Company is pleased to announce that the
conditions set out in the announcement dated 23 January 2018 have
been satisfied, and it has now unconditionally raised GBP2,400,000
from the issue of 2,000,000 new ordinary shares of 5p each ("New
Ordinary Shares") at a price of 120p per share (the "Placing"),
subject only to Admission.
As part of the Placing, Oceanwood Capital Management Limited
have subscribed for 970,000 Ordinary Shares, increasing their total
holding to 5,334,214 Ordinary Shares and 17.86% of the Company's
Enlarged Share Capital and Polygon Global Partners Limited have
subscribed for 970,000 Ordinary Shares, increasing their total
holding to 8,262,126 Ordinary Shares and 27.7% of the Company's
Enlarged Share Capital.
As previously announced, application has been made to London
Stock Exchange plc for the New Ordinary Shares to be admitted to
trading on AIM. It is expected that admission will be effective,
and dealings in the New Ordinary Shares will commence, at 8.00 a.m.
on 12 February 2018.
For the purposes of the Financial Conduct Authority's Disclosure
and Transparency Rules ("DTRs"), the issued ordinary share capital
of the Company following Admission will consist of 29,865,179
Ordinary Shares with voting rights attached (one vote per Ordinary
Share). There are no Ordinary Shares held in treasury. This total
voting rights figure may be used by shareholders as the denominator
for the calculations by which they will determine whether they are
required to notify their interests in, or a change to their
interest in, the Company under the DTRs.
For further information please contact:
WH Ireland Group plc www.whirelandplc.com
Richard Killingbeck, Chief Executive Officer +44(0) 20 7220
1666
SPARK Advisory Partners Limited
Mark Brady/Miriam Greenwood +44(0) 20 3368 3551
This information is provided by RNS
The company news service from the London Stock Exchange
END
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