REG - Various Eateries PLC - Result of General Meeting and Total Voting Rights

Various EateriesAnnouncement

22/12/2023 10:30

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RNS Number : 7852X  Various Eateries PLC  22 December 2023

Various Eateries plc

 

("Various Eateries", the "Company" or the "Group")

 

Result of General Meeting and Total Voting Rights

 

Shareholder approval for £10.1m Placing and Conversion

 

Various Eateries is pleased to announce that, at the General Meeting held
earlier today, all resolutions were duly passed. Accordingly, subject to
Admission, the Company has raised gross proceeds of £10.1 million pursuant to
the Placing and in addition the Conversion has been approved.

 

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings ascribed to such terms in the Company's announcement at 7.00
a.m. on 6 December 2023, unless the context requires otherwise.

Admission and Total Voting Rights

Following the General Meeting held earlier today, the Company will
issue 40,400,000 Placing Shares and 45,636,788 Conversion Shares.

 

Application has been made to the London Stock Exchange for admission of the
New Ordinary Shares (being the Placing Shares and the Conversion Shares) to
trading on AIM. It is expected that Admission will become effective and
dealings in the New Ordinary Shares will commence on AIM at 8.00 a.m. on 27
December 2023. The New Ordinary Shares (being the Placing Shares and
Conversion Shares) will rank pari passu in all respects with the Existing
Ordinary Shares.

 

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 175,045,265 with voting rights. 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
to their interest in, the Company's share capital pursuant to (i) the
Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the
London Stock Exchange plc as amended from time to time.

 

Results of the meeting

Details of the results of the voting, by way of a poll vote, at the General
Meeting are set out below. Resolutions 1 to 2 are ordinary resolutions and
resolution 3 is a special resolution.

 

 Resolution                                                                      For                                 Against
                                                                                 Votes       % of votes cast  Votes         % of votes cast
 1. To approve the Rule 9 waiver pursuant to the City Code on Takeovers and      10,674,179  59.6%            7,222,175     40.4%
 Mergers*
 2. To authorise the directors to allot shares for the purposes of section 551   77,244,779  91.5%            7,221,685     8.5%
 of the Companies Act 2006 (the "Act")
 3. To empower the directors to allot equity securities pursuant to section 570  77,244,779  91.5%            7,221,685     8.5%
 of the Act as if section 561 of the Act did not apply

 

* Resolution 1 was taken on a poll of Independent Shareholders (as defined in
the Circular) in accordance with the requirements of the City Code.

 

Resultant holding of Hugh Osmond and members of his Concert Party

As detailed in the Company's Circular, immediately following Admission, the
resultant aggregate interest of Hugh Osmond and members of his Concert Party
in the ordinary shares in the capital of the Company for the purpose of the
City Code, is 108,739,152 ordinary shares, representing 62.1% of the Enlarged
Share Capital.

 

For further information, please contact:

 Various Eateries plc                               Via Alma PR
 Andy Bassadone          Executive Chairman

 WH Ireland Limited      Sole Broker and NOMAD     Tel: +44 (0)20 7220 1666
 Broking

 Harry Ansell
 Nominated Adviser

 Katy Mitchell
 Darshan Patel

 Isaac Hooper

 Alma PR                 Financial PR              Tel: +44 (0)20 3405 0205
 David Ison                                        variouseateries@almapr.co.uk (mailto:variouseateries@almapr.co.uk)
 Rebecca Sanders-Hewett

 

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