REG - Bigblu Broadband PLC - Result of General Meeting

Bigblu BroadbandAnnouncement

19/03/2025 14:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250319:nRSS3482Ba&default-theme=true

RNS Number : 3482B  Bigblu Broadband PLC  19 March 2025

19 March 2025

 

 

Bigblu Broadband plc

(the "Company")

Result of General Meeting

Bigblu Broadband plc (AIM:BBB), a leading provider of alternative super-fast
and ultra-fast broadband services, is pleased to announce that the special
resolutions to approve the proposed tender offer to shareholders (the "Tender
Offer") proposed at the General Meeting of the Company held earlier today was
duly passed

 

The full text of the resolutions can be found in the Notice of General
Meeting, which is contained in Part VIII of the Circular published and issued
to shareholders on 3 March 2025 and is available on the Company's website at:
https://bbb-plc.com/investor-information/aim-rule-26
(https://bbb-plc.com/investor-information/aim-rule-26)

 

The Tender Offer remains subject to the approval of the Capital Reduction by
the Court and the subsequent completion of the Capital Reduction which is
expected to become effective on 10 April 2025.

 

The Tender Offer will close at 1.00 p.m. on 22 April 2025 and tenders received
after that time will not be accepted (unless the Tender Offer is extended).

 

The full proxy results are shown below:

 

 RESOLUTION  DESCRIPTION                                          FOR                  AGAINST         WITHHELD
             % Votes                                                       Votes       % Votes  Votes  Votes     Votes Cast (Excl. Votes Withheld

             Cast                                                                      Cast
 1.          To Authorise the Capital Reduction                   99.994%  34,143,101  0.006%   2,000  13,017    34,145,101
 2.          To Authorise the Market Purchase of Ordinary Shares  99.994%  34,120,614  0.006%   2,000  35,504    34,122,614

 

The remaining expected timetable of principal events for the Tender Offer
remains as set out in Part I of the Circular, as below:

 

 

 Directions Hearing for Capital Reduction                                         28 March 2025
 Confirmation Hearing for Capital Reduction                                       8 April 2025
 Effective date for Capital Reduction                                             10 April 2025
 Latest time and date for receipt of Tender Forms and settlement of TTE           1.00 p.m. on 22 April 2025
 instructions and share certificates in relation to the Tender Offer (i.e.
 close of Tender Offer)
 Tender Offer Record Date                                                         6.00 p.m. on 22 April 2025
 Announcement of results of the Tender Offer                                      23 April 2025
 Purchase of Ordinary Shares under the Tender Offer                               24 April 2025
 CREST accounts credited for revised, uncertificated holdings of Ordinary         by 24 April 2025
 Shares (or, in the case of unsuccessful tenders, for entire holdings of
 Ordinary Shares)
 CREST accounts credited in respect of Tender Offer proceeds for uncertificated   by 29 April 2025
 Ordinary Shares
 Despatch cheques in respect of Tender Offer proceeds for certificated Ordinary   by 6 May 2025
 Shares
 Return of share certificates in respect of unsuccessful tenders of               by 6 May 2025
 certificated Ordinary Shares
 Despatch of balancing share certificates (in respect of certificated Ordinary    by 6 May 2025
 Shares) for revised, certificated holdings in the case of partially successful
 tenders

 

All times are references to London times and are indicative only and may
change. Each of the above times and dates is based on the Company's
expectations as at the date of this Circular. If any of the above times and/or
dates change, the revised times and/or dates will be notified to Shareholders
by an announcement through a Regulatory Information Service.

 

 

For further information

 Bigblu Broadband PLC                                                               www.bbb-plc.com (http://www.bbb-plc.com/)
 Frank Waters, Chief Executive Officer                                              www.bbb-plc.com
 Cavendish Capital Markets Limited (Nomad and Broker)                               Tel: +44 (0)20 7220 0500

 Marc Milmo / Finn Gordon (Corporate Finance)

 Tim Redfern / Jamie Anderson (ECM)
                              Cautionary note regarding forward-looking statements

This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "forecasts", "plans", "prepares", "targets",
"anticipates", "projects", "expects", "intends", "may", "will", "seeks", or
"should" or, in each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives, goals, future
events or intentions. These forward-looking statements include all matters
that are not historical facts. They appear in a number of places throughout
this announcement and include statements regarding the Company's and the
Directors' intentions, beliefs or current expectations concerning, amongst
other things, the Company's prospects, growth and strategy. No statement in
this announcement is intended to be a profit forecast and no statement in this
announcement should be interpreted to mean the Company's performance in future
would necessarily match or exceed the historical published performance of the
Company.

 

By their nature, forward-looking statements involve risks and uncertainties
because they relate to future events and depend on circumstances that may or
may not occur in the future. Forward-looking statements are not guarantees of
future performance. The Company's actual performance, achievements and
financial condition may differ materially from those expressed or implied by
the forward-looking statements in this announcement. In addition, even if the
Company's results of operations, performance, achievements and financial
condition are consistent with the forward-looking statements in this
announcement, those results or developments may not be indicative of results
or developments in subsequent periods.

 

Any forward-looking statements that the Company makes in this announcement
speak only as of the date of such statement, and none of the Company or the
Directors undertake any obligation to update such statements unless required
to do so by applicable law. Comparisons of results for current and any prior
periods are not intended to express any future trends or indications of future
performance, unless expressed as such, and should only be viewed as historical
data.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROMZKLFFEXLLBBQ