REG - AssetCo PLC - Results of General Meeting

AssetcoAnnouncement

10/08/2022 13:00

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RNS Number : 5841V  AssetCo PLC  10 August 2022

LEI: 213800LFMHKVNTZ7GV45

10 AUGUST 2022

ASSETCO PLC

("AssetCo" or the "Company")

RESULTS OF GENERAL MEETING

The Company is pleased to announce that, at the general meeting which took
place at 11.00 a.m. today, the following resolutions (the "Resolutions") were
duly passed by the requisite majorities:

·      Resolution 1: the sub-division of each ordinary share of £0.10 in
the capital of the Company ("Existing Ordinary Share") into ten new ordinary
shares of £0.01 each in the capital of the Company ("New Ordinary Shares");
and

·      Resolution 2: subject to the confirmation of the Court, the
cancellation of the amount standing to the credit of the Company's share
premium account and for the amount cancelled to be credited to a distributable
reserve.

It is expected that dealings in the New Ordinary Shares will commence at 8.00
a.m. on 11 August 2022 (the "Effective Time") with the ISIN code GB00BQ2K3557.
The SEDOL code for the New Ordinary Shares is BQ2K355 and the TIDM is ASTO.

Immediately following the Effective Time, there will be 149,292,970 New
Ordinary Shares allotted, called up and fully paid in issue, all with voting
rights. The Company will hold no New Ordinary Shares in treasury.

Campbell Fleming, CEO of AssetCo, said:

"We are pleased to secure approval for the share split and be able to offer
existing and potential shareholders greater liquidity and marketability in the
Company's shares. We are actively engaged in expanding our shareholder base,
which we believe the share split will assist with."

From the Effective Time, the figure of 149,292,970 may be used by shareholders
as the denominator for the calculation by which they will determine if they
are required to notify their interest in, or a change in their interest in,
the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the meanings
given to them in the circular to shareholders dated 22 July 2022 (the
"Circular"). A copy of the Circular is available on the Company's website at
www.assetco.com/investor-relations/documents/
(http://www.assetco.com/investor-relations/documents/) .

Enquiries:

 

 AssetCo plc                                           +44 (0) 79 5800 5141
 Campbell Fleming

 Peter McKellar

 James Thorneley

 Numis -Nominated Adviser and Joint Broker to AssetCo  +44 (0) 20 7260 1000

 Charles Farquhar

 Giles Rolls

 Panmure Gordon - Joint Broker to AssetCo              +44 (0) 20 7886 2906

 Charles Leigh-Pemberton

 Atholl Tweedie

 Gabriel Hamlyn

 Maitland/AMO - PR Adviser to AssetCo                  +44 (0) 20 7379 5151

 Neil Bennett

 Rachel Cohen

 

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