REG - Deepverge PLC - Result of Meeting

DeepvergeAnnouncement

14/11/2022 12:30

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RNS Number : 3283G  Deepverge PLC  14 November 2022

14 November 2022

 

 

DeepVerge PLC

("DeepVerge" or "the Company")

Result of General Meeting

 

Result of General Meeting

Following today's General Meeting ("GM") DeepVerge PLC is pleased to announce
that both resolutions set out in the Notice of GM were approved by
Shareholders.

The results of the voting for each resolution were as follows:

 Resolution                                                                      For          % For    Against   % Against  Withheld

 1.   To authorise the directors of the Company to allot shares in the           95,611,547   99.42%   552,944   0.58%      79,467
 capital of the Company in accordance with section 551 of the Companies Act

 2006.

 2. To authorise the directors of the Company to allot equity securities other   95,284,770   99.07%   897,630   0.93%      61,558
 than in accordance with statutory pre-emption rights that would otherwise
 apply pursuant to section 561 of the Companies Act 2006

 

As at the date of the GM, the number of issued ordinary shares of the Company
was 252,662,334 shares, which was the total number of shares entitling the
holders to attend and vote for or against all resolutions. In accordance with
the Company's Articles of Association, on a poll every member has one vote for
every share held. Votes withheld are not votes in law and have not been
counted in the calculation of the proportion of vote "for" or "against" a
resolution. Proxy appointments which gave discretion to the Chairman have
been included in the "for" total.

Second Admission will become effective and dealings will commence in the
135,000,000 Second Tranche Placing Shares by 8.00 a.m. on 15 November 2022.

Third Admission will become effective and dealings will commence in the
303,784,044 Third Tranche Placing Shares, the 28,360,000 Subscription Shares
and 40,750,000 Broker Offer Shares (totalling 372,794,044 new Ordinary Shares)
by 8.00 a.m. on 16 November 2022.

March 2022 Loan

As set out in the notification of 27 October 2022, the Company expects to
repay all amounts due under the March 2022 Loan facility with Riverfort within
the next few days out of the proceeds of the Fundraising.

Terms and definitions in this notification are as defined in the notification
of 27 October 2022.

For further information, please contact:

Enquiries:

 

 DeepVerge plc                          Nigel Burton,             +44 7785 234447

                                        Interim Chief Executive

 SPARK Advisory Partners Limited        Neil Baldwin              +44 (0) 113 370 8974

 (Nominated Adviser)

 Turner Pope Investments (TPI) Limited  Andy Thacker/James Pope   +44 (0) 20 3657 0050

 (Broker)

 

 

Market Abuse Regulation (MAR) Disclosure

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER
THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF
ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

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