REG - Gfinity PLC - Result of Meeting

GfinityAnnouncement

30/08/2023 11:45

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RNS Number : 8298K  Gfinity PLC  30 August 2023

 

 

For immediate release

30 August 2023

Gfinity PLC

("Gfinity" or the "Company")

Result of General Meeting

Admission

 

The Board of Gfinity plc (AIM:GFIN) is pleased to announce that all the
Resolutions required to implement the Subscription and the Share Capital
Reorganisation were passed on a poll at the General Meeting held earlier
today.

 

The Record date and time for the Share Capital Reorganisation is as previously
announced, 6.00 p.m. today.

 

Pursuant to the Share Capital Reorganisation, each Existing Ordinary Share
currently in issue will be subdivided into one New Ordinary Share of 0.01
pence each and one Deferred Share of 0.09 pence each. Immediately following
the Share Capital Reorganisation, the number of New Ordinary Shares in issue
will be the same as the number of Existing Ordinary Shares currently in issue,
in each case excluding the Subscription Shares, which as at the date of this
announcement is 2,649,029,913. The New Ordinary Shares arising on the Share
Capital Reorganisation on Admission will have the same rights as those
currently attaching to the Existing Ordinary Shares under the Articles,
including the rights relating to voting and entitlement to dividends. New
share certificates for New Ordinary Shares will not be issued and the existing
certificates will remain valid.

 

Application has been made for Admission to trading on AIM for the New Ordinary
Shares arising on the Share Capital Reorganisation, and the 750,000,000
Subscription Shares which have been issued pursuant to the Subscription, and
it expected that the New Ordinary Shares will be admitted to trading to AIM at
8.00 a.m. on 31 August 2023.

 

Following completion of the Share Capital Reorganisation and Subscription
there will be 3,399,029,913 New Ordinary Share in issue.

 

Words and phrases defined in the announcement dated 9 August 2023 will have
the same meanings in this announcement.

 

Other Information

Further information is available from the Company's website as well as a copy
of this announcement: www.gfinityplc.com (http://www.gfinityplc.com)

 

Enquiries:

 Gfinity Plc                    Neville Upton,    ir@gfinity.net

                                Chairman

 Beaumont Cornish Limited       Roland Cornish    +44 (0)207 628 3369

 Nominated Adviser and Broker   Michael Cornish   www.beaumontcornish.co.uk (http://www.beaumontcornish.co.uk/)

 

 

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