REG - East Imperial PLC - Result of General Meeting

East ImperialAnnouncement

04/08/2023 11:30

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RNS Number : 3760I  East Imperial PLC  04 August 2023

4 August 2023

 

East Imperial plc

 

(the "Company")

 

Result of General Meeting

 

East Imperial, the global purveyor of ultra-premium beverages, is pleased to
announce that all resolutions were passed at the General Meeting ("GM") of the
Company held earlier today.

 

At the GM, shareholders approved the allotment by the Directors of the 2025
Convertible Loan Notes and the dis-application of statutory pre-emption rights
in respect of such allotment.

 

As announced on 17 July 2023, the Company is proposing to raise in aggregate
£2.2 million (before expenses) by the issue of 10% Secured Convertible Loan
Notes ("2025 Convertible

Loan Notes") in two tranches to strategic investor Wen Hua International
("WHI"), the Company's current Chinese Mainland and Macau distribution partner
(the "Proposed Transaction"). The 2025 Convertible Loan Notes will be unlisted
and no offer or invitation is being made to shareholders more generally to
purchase, acquire or subscribe for any of the 2025 Convertible Loan Notes in
conjunction with the Proposed Transaction.

 

The Company expects to close the first tranche of the investment over the next
few days, with WHI raising £1,466,666, and a further announcement will be
made in due course.

 

 

Enquiries

 

East Imperial Plc

Anthony Burt / Andrew Robertson - investors@eastimperial.com
(mailto:investors@eastimperial.com)

 

About East Imperial

Founded in New Zealand and Singapore in 2012, East Imperial produces a range
of ultra-premium mixers that sell throughout APAC, the US and EMEA. Guided by
a clear strategy to capitalise on the growing demand for premiumisation across
the beverage industry, East Imperial has sold over 25 million bottles in over
20 countries since its founding, with popular products including Old World
Tonic, Grapefruit Tonic, Yuzu Tonic and Mombasa Ginger Beer. In 2023, East
Imperial won 8 medals at the coveted Tonic & Mixers Masters Competition in
London. The company was founded on the philosophy of creating exquisite
products defined by heritage, tradition and authenticity. All products are
made from the highest quality, all-natural ingredients, reflecting East
Imperial's commitment to providing a sustainable product and minimising
environmental impacts at every stage of the manufacturing process. For more
information about East Imperial and its ultra-premium mixers, visit
eastimperial.co.uk.

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