REG - Strip Tinning Hldgs - Result of General Meeting

Strip Tinning HoldingsAnnouncement

15/01/2024 12:00

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RNS Number : 7209Z  Strip Tinning Holdings PLC  15 January 2024

15 January 2024
 

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

Result of General Meeting, Issue of Equity and Total Voting Rights

 

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist
connection systems to the automotive sector, is pleased to announce that at
the General Meeting held earlier today in connection with the Fundraising
announced on 20 December 2023, all Resolutions were duly passed on a poll.

 No.  Resolution                                                                       For         % For   Against  % Against  Withheld
 1    To authorise the Directors to allot the New Ordinary Shares and issue the        12,438,946  99.99%  175      0.01%      -
      Convertible Loan Notes in connection with the Fundraising on a non-pre-emptive
      basis.
 2    To authorise the Directors generally to allot shares.                            12,438,946  99.99%  175      0.01%      -
 3    To authorise the Directors to allot equity securities for cash on a              12,438,946  99.99%  175      0.01%      -
      non-pre-emptive basis.
 4    To authorise the Directors to allot equity securities for cash on a              12,438,946  99.99%  175      0.01%      -
      non-pre-emptive basis in connection with the financing of an acquisition or a
      specified capital investment.

 

(1)     Any proxy appointments, which gave discretion to the Chair have
been included in the 'For' votes total.

(2)     Votes "For" and "Against" any resolution are expressed as a
percentage of votes validly cast for that resolution.

(3)     A vote "Withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against", nor in the
aggregate figure of total votes cast.

Issue of Equity and Total Voting Rights

Following the passing of the Fundraising Resolution at the General Meeting and
conditional on Admission, the Company will issue, in aggregate, 2,765,375 New
Ordinary Shares comprising 2,500,000 Placing Shares and 265,375 Retail Offer
Shares. Application has been made to the London Stock Exchange for the
admission of, in aggregate, 2,765,375 New Ordinary Shares to trading on AIM
("Admission"). Admission and dealings in the New Ordinary Shares are expected
to take place at 8.00 a.m. on or around 17 January 2024.

The New Ordinary Shares, when issued, will be fully paid and will rank pari
passu in all respects with the Existing Ordinary Shares, including the right
to receive all dividends and other distributions declared, made or paid after
the date of Admission.

Following Admission, the Company's Enlarged Share Capital will be 18,225,089
with each Ordinary Share carrying one voting right. There are no shares held
in treasury and therefore, following Admission, the total number of voting
rights in the Company will be 18,225,089. This figure 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 in
their interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

Capitalised terms used in this announcement have the meanings given to them in
the announcement made by the Company at 7.00 a.m. on 20 December 2023, unless
the context provides otherwise.

 

Enquiries:

Strip Tinning Holdings
plc
Via Alma PR

Adam Robson, Executive Chairman

Richard Barton, Chief Executive
Officer

Adam Le Van, Chief Financial Officer

 

Singer Capital Markets (Nominated Adviser and Sole
Broker)                    +44 (0) 20 7496 3000

Rick Thompson

James Fischer

 

Alma (Financial
PR)
striptinning@almastrategic.com

Joe
Pederzolli
+44 (0) 20 3405 0205

Josh Royston
 

 

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