REG - Cloudcoco Group PLC - Results of General Meeting

CloudcocoAnnouncement

27/03/2026 11:30

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RNS Number : 4776Y  Cloudcoco Group PLC  27 March 2026

27 March 2026

CloudCoCo Group plc

("CloudCoCo", the "Company" or the "Group")

 

Results of General Meeting

 

CloudCoCo (AIM: CLCO), the Sheffield-based e-commerce and IT procurement group
delivering tailored, next-day IT solutions through its Systems Assurance and
MoreCoCo divisions, announces that at the Company's General Meeting (the "GM")
held earlier today, all resolutions proposed were duly passed.

 

Share Capital Reorganisation

 

As a result of the passing of resolutions 1 and 2 at the GM, the Share Capital
Reorganisation will take effect from close of business today. An application
has been made for the admission of the 706,215,686 New Ordinary Shares to
trading on AIM at 8:00 a.m. on 30 March 2026.

 

As a result of the Share Capital Reorganisation, but before the completion of
the Subscription, the number of ordinary shares in issue, and held by each
Shareholder, will not change. It is simply the nominal value of the existing
Ordinary Shares that will change. Accordingly, prior to the Subscription
completing, the Share Capital Reorganisation will result in the issue of
706,215,686 New Ordinary Shares and 706,215,686 New Deferred Shares.

 

The New Ordinary Shares will continue to carry the same rights as those
attached to the existing Ordinary Shares, save for the change in nominal
value. The New Ordinary Shares will have the same ISIN number and SEDOL code
as the existing Ordinary Shares.

 

Subscription

 

As outlined in the Circular, the Company is currently in a close period
pursuant to UK MAR until the publication of its audited results for the year
ended 30 September 2025 (the "Results"), expected by 31 March 2026, the
Directors and management of the Company are prohibited from acquiring shares
in the Subscription at this time. However, Simon Duckworth and his wife have
confirmed that following the publication of the Results by 31 March 2026, that
they intend to subscribe for, in aggregate, 175,000,000 Subscription Shares at
the Issue Price.

 

The Director Subscription is expected to complete alongside the Subscription
on or around 2 April 2026. A further announcement will be made in due course.

 

Unless otherwise defined, definitions contained in this announcement have the
same meaning as set out in the announcement made by the Company on 10 March
2026 at 6:30 P.M.

Contacts:

 

 CloudCoCo Group plc                                          Tel: +44 (0) 114 292 2930

 Simon Duckworth (Chairman)

Darron Giddens (CFO)

Peter Nailer (Managing Director)

 Allenby Capital Limited - (Nominated Adviser & Broker)       Tel: +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj - Corporate Finance

Tony Quirke / Amrit Nahal - Equity Sales

 

About CloudCoCo

 

CloudCoCo is a streamlined, growth-focused technology group specialising in
e-commerce and IT procurement business based in Sheffield. Combining expert IT
procurement solutions through Systems Assurance with the scalable e-commerce
capabilities of MoreCoCo (www.morecoco.co.uk (http://www.morecoco.co.uk) ),
helping organisations deliver enhanced efficiency, security, and agility.
Backed by strong vendor partnerships and a team of industry specialists, we
deliver tailored solutions and next-day access to hundreds of thousands of IT
products.

www.cloudcoco.co.uk (http://www.cloudcoco.co.uk)

 

 

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