REG - Distil PLC - Result of General Meeting

DistilAnnouncement

09/10/2024 12:00

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RNS Number : 5673H  Distil PLC  09 October 2024

9 October 2024

 

Distil plc

("Distil" or the "Company")

 

Result of General Meeting; Directors' shareholdings

 

Distil plc (AIM:DIS), owner of premium drinks brands Blackwoods Gin and Vodka,
RedLeg Spiced Rum, TRØVE Botanical Vodka and Blavod Black Vodka, announces
that at the General Meeting held earlier today both the resolutions put to the
meeting were duly approved by Shareholders on a poll:

 

 Resolution                                                            Votes for†    % of shares voted  Votes against  % of shares voted  Votes Withheld

(*indicates special resolution)
 Resolution 1:  To allot, inter alia, Second Tranche Placing Shares,   349,617,322   97.93%             7,393,781      2.07%              80,000
 Subscription Shares, Fee Shares and Placing Warrants
 Resolution 2*:  To disapply Statutory                                 349,571,775   97.92%             7,439,328      2.08%              80,000

Pre-Emption Rights

 

†Proxy appointments which gave discretion to the Chairman have been
included in the "for" total.

 

The Company is pleased to confirm that, as announced on 23 September 2024,
following Shareholders' approval for the Resolutions as they relate to the
issue of the Subscription Shares and the Second Tranche Placing Shares,
together with the First Tranche Placing which completed on 26 September 2024,
the Company has raised total gross proceeds of £0.65 million.

 

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for admission of the
183,333,200 Subscription Shares, the 267,822,094 Second Tranche Placing Shares
and the 6,250,000 Fee Shares (making a total of 457,405,294 shares) to trading
on AIM. It is expected that admission will become effective and dealings in
the Subscription Shares will commence on AIM at 8.00 a.m. on or around 11
October 2024.

The Subscription Shares, the Second Tranche Placing Shares and Fee Shares have
been issued fully paid and will rank pari passu in all respects with the
Company's existing Ordinary Shares.

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 1,453,030,539 with voting rights. This figure may be
used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company's issued share capital pursuant to the
Company's Articles.

In addition, following Admission there will be 1,095,833,350 Placing Warrants
in issue.

Directors' Shareholdings following Admission

On Admission, the revised shareholdings of the following Directors will be:

  Name          Position                Holding of Ordinary Shares  % of Enlarged issued share capital
 Don Goulding   Executive Chairman        26,666,600                  1.84%
 Roland Grain*  Non Executive Director  380,285,707                 26.17%

* Held via Grain GmbH

Capitalised terms used in this announcement shall, unless defined in this
announcement or unless the context provides otherwise, bear the same meaning
ascribed to such terms in the Announcement made by the Company at 0700 on 23
September 2024.

 

 

Enquiries:

For further information, please contact:

 

 Distil PLC
 Don Goulding, Executive Chairman  Tel: +44 203 283 4006

 SPARK Advisory Partners Limited

 (NOMAD)
 Neil Baldwin                      Tel: +44 203 368 3550

 Mark Brady
 Allenby Capital Ltd

 (Broker)
 James Reeve/Piers Shimwell        Tel: +44 (0)20 3328 5656

 Jos Pinnington/Guy McDougall

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities ("PDMRs") and persons closely associated ("PCA")
with them.

 

  1   Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Don Goulding
 2    Reason for notification
 a)   Position / status                                            Executive Chairman
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Distil plc
 b)   LEI                                                          213800G6BJQ18CKXWF05
 4    Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.001 each in Distil plc

      Identification code                                          ISIN: GB0030164023
 b)   Nature of the transaction                                    (1)  Acquisition of ordinary shares of £0.001 each in a subscription;

                                                                   (2)  Acquisition of placing warrants with a right to subscribe for ordinary
                                                                   shares of £0.001 at an exercise price of £0.0036 per share

 c)   Price(s) and volumes(s)                                      Price(s)               Volumes(s)

                                                            (1) Shares

                                                                   0.12p                  16,666,600

                                                                   (2) Placing Warrants

                                                                   -           33,333,200

 

 d)   Aggregated information                                       n/a
 e)   Date of the transaction                                      9 October 2024
 f)   Place of the transaction                                     Outside a Trading Venue

 

 

 

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

9 October 2024

f)

Place of the transaction

Outside a Trading Venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Roland Grain  (via Grain GmbH)
 2   Reason for notification
 a)  Position / status                                            Non Executive Director
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Distil plc
 b)  LEI                                                          213800G6BJQ18CKXWF05
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of £0.001 each in Distil plc

     Identification code                                          ISIN: GB0030164023
 b)  Nature of the transaction                                    (1)  Acquisition of ordinary shares of £0.001 each in a subscription;

                                                                  (2)  Acquisition of placing warrants with a right to subscribe for ordinary
                                                                  shares of £0.001 at an exercise price of £0.0036 per share

 c)  Price(s) and volumes(s)                                      Price(s)               Volumes(s)

                                                            (1) Shares

                                                                  0.12p                  166,666,600

                                                                  (2) Placing Warrants

                                                                  -           333,333,200

 

 d)  Aggregated information                                       n/a
 e)  Date of the transaction                                      9 October 2024
 f)  Place of the transaction                                     Outside a Trading Venue

 

 

 

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

9 October 2024

f)

Place of the transaction

Outside a Trading Venue

 

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