REG - Hercules Site Svcs - Result of General Meeting

Hercules Site ServicesAnnouncement

30/09/2024 10:45

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RNS Number : 2375G  Hercules Site Services PLC  30 September 2024

30 September 2024

Hercules Site Services plc

("Hercules" or the "Company")

Result of General Meeting

 

Hercules Site Services plc (AIM: HERC), a leading technology enabled labour
supply company for the UK infrastructure and construction sectors, is pleased
to announce that at the Company's General Meeting (the "GM") held earlier
today, all resolutions were duly passed.

The full text of all the resolutions can be found in the Notice of GM, dated
11 September 2024, a copy of which is available on the Company's website. The
full GM voting results will be uploaded to Hercules' investor
website, https://www.hercules-construction.co.uk/investor-centre/
(https://www.hercules-construction.co.uk/investor-centre/) , in due course.

As a result of the passing of the Resolutions, and following Admission, Martin
Tedham, Non-Executive Director of Hercules, will be interested in 10,101,010
Ordinary Shares in the Company, representing 12.7 per cent. of the enlarged
issued share capital.

Brusk Korkmaz, Chief Executive Officer, commented: "We are delighted to
complete this fundraise which ideally positions us to capitalise on the
extensive growth opportunities available to us as a leading labour supplier to
the UK infrastructure and construction sectors. I would also like welcome
Martin Tedham and Ged Mason to the share register who, as highly successful
entrepreneurs, have provided a significant endorsement to our company and its
growth strategy through their investment."

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for 4,467,215 new
Ordinary Shares (the "Conditional Fundraise Shares"), representing 3,352,866
Conditional Placing Shares and 1,114,349 Conditional Subscription Shares to be
admitted to trading on AIM, and it is expected that Admission will become
effective and trading will commence in the Conditional Fundraise Shares at
8.00 a.m. on or around 2 October 2024.

The Conditional Fundraise Shares will rank pari passu in all respects with the
Company's existing Ordinary Shares. Following Admission, the total number of
Ordinary Shares in the Company in issue will be 79,619,628. No shares are held
in treasury, therefore the total number of voting rights in the Company
following Admission will be 79,619,628 ("Total Voting Rights"). The Total
Voting Rights 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 under the FCA's
Disclosure and Transparency Rules.

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings ascribed to such terms in the Circular, unless the context
requires otherwise.

For further information and enquiries, please contact:

 

 Hercules Site Services plc                                                            c/o SEC Newgate

 Brusk Korkmaz (CEO)

 Paul Wheatcroft (CFO)

 SP Angel (Nominated Adviser and Joint Broker)                                    +44 (0) 20 3470 0470

 Matthew Johnson / Adam Cowl / Charlie Bouverat (Corporate Finance)

 Grant Barker / Rob Rees (Sales and Broking)

 Cavendish Capital Markets Limited (Joint Broker)                                 +44 (0) 20 7397 8900

 Adrian Hadden / Charlie Combe / George Budd (Sales and Broking)

 SEC Newgate (Financial Communications)                                          +44 (0) 20 3757 6882

 Elisabeth Cowell / Ian Silvera / Matthew Elliott                     Hercules@secnewgate.co.uk

 

 

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