REG - Rosslyn Data Tech. - Result of General Meeting

Rosslyn Data TechnologiesAnnouncement

18/09/2023 12:15

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RNS Number : 7891M  Rosslyn Data Technologies PLC  18 September 2023

18 September 2023

 

Rosslyn Data Technologies plc

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

 

Result of General Meeting

 

Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data
analytics platform, is pleased to announce that all four of the resolutions
("Resolutions") put to shareholders at the Company's General Meeting were duly
passed.

 

The voting results will be made available on the Company's website shortly at
https://www.rosslyn.ai/investors

 

Following the passing of the Resolutions at the General Meeting, the expected
timetable of events remains the same as documented in the Circular, and is as
follows:

 

                                                                            2023
 First Admission effective and commencement of dealings in the Fundraising  8.00 a.m. on 19 September
 Shares on AIM
 Fundraising Shares credited to CREST members' accounts                     19 September
 Record Date and completion of the Consolidation                            6.00 p.m. on 19 September
 Second Admission effective and commencement of dealings in the New         8.00 a.m. on 20 September
 Consolidated Ordinary Shares on AIM
 New Consolidated Ordinary Shares credited to CREST stock accounts          20 September
 Despatch of definitive share certificates in respect of New Consolidated   within 10 Business Days of Second Admission
 Ordinary Shares to be issued in certificated form
 Long Stop Date                                                             8:00 a.m. on 11 October

 

Each of the times and dates refer to London (UK) time and are subject to
change by the Company (with the agreement of Cenkos), in which case details of
the new times and dates will be notified to the London Stock Exchange and the
Company will, if appropriate, make an announcement through a Regulatory
Information Service. Certain of the events in the above timetable are
conditional upon, inter alia, the approval of the Resolutions to be proposed
at the General Meeting.

References to times in this Announcement are to London (UK) time.

 

Application has been made for a total of 543,101,200 new Ordinary Shares in
relation to Fundraising Shares and First Admission and dealings in the
543,101,200  new Ordinary Shares will commence at 08:00 a.m. on 19 September
2023.

 

Second Admission will occur after the Consolidation is effective and is
expected to occur at 8.00 a.m. on 20 September 2023 (or such later times(s)
and/or date(s) as Cenkos and the Company may agree).

 

The Fundraising Shares and the New Consolidated Ordinary Shares will, when
issued, be credited as fully paid up and will have the same rights as the
Existing Ordinary Shares including, voting, dividend, return of capital and
other rights, and will on issue be free of all claims, liens, charges,
encumbrances and equities.

 

Following Second Admission, the total number of New Consolidated Ordinary
Shares in issue will be 17,659,275 with each New Consolidated Ordinary Share
carrying the right to one vote. There are, and following Second Admission will
be, no New Consolidated Ordinary Shares held in treasury and therefore the
total number of voting rights in the Company will be 17,659,275. The above
figure may be used by Shareholders in the Company 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 share capital of the
Company under the FCA's Disclosure, Guidance and Transparency Rules.

 

This announcement should be read in conjunction with the full text of the
Circular posted to Shareholders on 31 August 2023, copies of which are
available on the Company's website : https://www.rosslyn.ai/investors
(https://www.rosslyn.ai/investors) .  The same definitions apply throughout
this announcement as are applied in the Circular.

 

Change of Name of Nominated Adviser

The Company also announces that its Nominated Adviser has changed its name to
Cavendish Securities plc following completion of its own corporate merger.

 

For further information please contact:

 

 Rosslyn
 Paul Watts, Chief Executive Officer                                                     +44 (0)20 3285 8008

 James Appleby, Chairman

 Cavendish Securities (Nominated adviser and Broker)
 Stephen Keys/Camilla Hume/George Lawson                                                 +44 (0)20 7220 0500

 Gracechurch Group (Financial PR)
 Harry Chathli/Claire Norbury                                                            +44 (0)20 4582 3500

 

About Rosslyn Data Technologies plc

 

Rosslyn (AIM: RDT) provides an award-winning spend analytics and predictive
analytics platform. The Rosslyn Platform helps organizations with diverse
supply chains mitigate risk and make informed strategic decisions. It
leverages automated workflows, artificial intelligence and machine learning to
extract and consolidate procurement data providing visibility of complex
supplier data, enabling supplier spend savings and delivering rapid ROI. For
more information visit www.rosslyn.ai (http://www.rosslyn.ai/)

 

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