REG - Distil PLC - Result of Meeting

DistilAnnouncement

12/12/2023 11:00

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RNS Number : 5038W  Distil PLC  12 December 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF THE MARKET ABUSE REGULATION (EU) NO.596/2014, WHICH FORMS
PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK
MAR"), AS AMENDED.

 

 

12 December 2023

 

Distil plc

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

 

Result of General Meeting and Director / PDMR Shareholding

 

Result of General Meeting

 

Distil plc (AIM: DIS), Distil plc (AIM:DIS), owner of premium drinks brands
RedLeg Spiced Rum, Blackwoods Gin and Vodka, TRØVE Botanical Vodka and Blavod
Black Vodka, announces that at the General Meeting held today at 10.00 a.m.
all the resolutions proposed were duly passed by the requisite majority:

 

 Resolution (*indicates special resolution)                                   Votes for    % of shares voted   Votes against  % of shares voted   Total votes
 Resolution 1: Authority to allot shares in connection with the Placing, the  343,203,707  97.85               7,526,017      2.15                350,729,724
 Subscriptions
 Resolution 2*: Disapplication of pre-emption rights in connection with the   343,203,707  97.85               7,526,017      2.15                350,729,724
 Placing, Subscriptions

 

On 24 November 2023, Distil announced ("the Announcement") that pursuant to a
Placing and Subscription it has conditionally raised £0.765 million through
the issue of 218,571,428 Ordinary Shares at the Issue Price of 0.35 pence per
share. The Placing and Subscription have been subscribed for by both new and
existing investors.

 

218,571,428 new Ordinary Shares have today been allotted (91,428,571
Subscription Shares and 127,142,857 Placing Shares) under the Subscription and
Placing respectively. In addition, 2,142,857 Fee Shares have today been
allotted.

 

The Placing Shares, the Subscription Shares and the Fee Shares are expected to
be admitted to trading on AIM at 8:00 a.m. on or around 13 December 2023.

 

Following Admission, the number of Ordinary Shares in issue and the number of
voting rights will be 905,113,864. The figure of 905,113,864 Ordinary Shares
may be used by Shareholders as the denominator for the calculations by which
they will determine whether they are required to notify their interest in, or
a change to their interest in, the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

Director / PDMR Shareholding

 

Following Admission, Grain GmbH, a company in which non executive Roland Grain
has an interest, will have 213,619,107 shares which amounts to 23.60 % of the
issued share capital.

 

 

Capitalised terms used but not defined herein shall have the same meanings
given to them in the announcement of the Announcement published by the Company
on 24 November 2023.

 

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
 Turner Pope Investments (TPI) Ltd

 (Broker)
 Andy Thacker                       Tel: +44 203 657 0050

 James Pope

 

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                                                                                             Roland Grain
 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

      Identification code                                                                              Ordinary shares of £0.001 each in Distil plc

                                                                                                       ISIN : GB0030164023
 b)   Nature of the transaction                                                                        (i)            Subscription for new ordinary shares by Grain GmbH,
                                                                                                       a company in which Mr Roland Grain has an interest.
 c)   Price(s) and volumes(s)                                                                          Price(s)  Volumes(s)

                                                                                                       0.35p     57,142,857

 

 d)   Aggregated information                                                                           n/a
 e)   Date of the transaction                                                                          12 December 2023
 f)   Place of the transaction                                                                         Off market

 

 

 

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

12 December 2023

f)

Place of the transaction

Off market

 

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