REG - Sabien Technology - Result of General Meeting

Sabien TechnologyAnnouncement

22/08/2022 18:30

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RNS Number : 8372W  Sabien Technology Group PLC  22 August 2022

22 August 2022

 

Sabien Technology Group plc

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

Result of General Meeting

Holdings in the Company

 

Result of General Meeting

Sabien Technology Group plc (AIM:SNT), the company focused on a green
aggregation strategy, is pleased to announce that at the General Meeting held
earlier today, all resolutions were passed (the "GM").

As a result, the remaining elements of the fundraising announced on 3 August
2022 to raise a total of £0.6m will proceed.  The detailed results of
General Meeting will be published on the Company's website.

Admission and Total Voting Rights

Following the GM, 4,638,750 new ordinary shares of 3 pence each ("Ordinary
Shares") will be issued at a price of 10 pence per Ordinary Share, for a total
amount of £463,875 (the "New Shares"). The New Shares will be issued and be
admitted to trading on AIM with effect from 26 August 2022 ("Admission").

On Admission, the Company will have 21,695,168 Ordinary Shares in issue, each
with one voting right.  There are no shares held in treasury.  Therefore,
the Company's total number of Ordinary Shares and voting rights will be
21,695,168 and this figure may be used by shareholders from Admission 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 Guidance and Transparency Rules.

Holdings in the Company

To the best knowledge of the Company, the holdings of the Board and
Significant Shareholders (as defined under the AIM Rules for Companies) of
Ordinary Shares following Admission of the 4,638,750 New Shares, will be:

 Shareholder                                           Number of Ordinary Shares  Percentage of Ordinary Shares

 R Parris(1) *                                         3,631,460                  16.74%
 Diversity Network Investments Limited                 3,262,675                  15.04%
 Sanderson Capital Partners Ltd & Related Parties      633,333                    2.92%
 Monecor (London) Limited                              511,667                    2.36%
 C Goodfellow *                                        100,000                    0.46%

 

Notes

1 - Includes holdings of Parris Group Limited, a company controlled by Mr
Parris and his family.

* - Directors of the Company

 

 For Further Information:                               +44 20 7993 3700

 Sabien Technology Group plc

 Richard Parris, Executive Chairman

 Allenby Capital Limited (Nominated Adviser)

 John Depasquale / Nick Harriss / Vivek Bhardwaj       +44 203 328 5656

 Peterhouse Capital Limited (Broker)                   +44 207 469 0930

 Duncan Vasey / Lucy Williams

 

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