REG - Velocys PLC - Result of general meeting and total voting rights
RNS Number : 4047HVelocys PLC31 July 2019
News release
Velocys plc
("Velocys" or the "Company")
31 July 2019
Result of general meeting and total voting rights
Velocys plc (VLS.L), the renewable fuels technology company, is pleased to announce that, in connection with the £7 million fundraise announced by the Company on 15 July 2019 (the "Placing"), the resolutions put to shareholders at the General Meeting today were duly passed and all conditions applicable to the Placing have been met.
Application has been made for the 233,333,335 Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that VCT/EIS Admission (97,166,666 Placing Shares) will occur on 1 August 2019 and General Admission (136,166,669 Placing Shares) will occur on 2 August 2019. Following Admission, the Company will have 643,756,100 shares in issue.
The Company does not currently hold any shares in treasury. Accordingly, the above figure of 643,756,100 Ordinary Shares 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
- Ends -
Notes to editors
Velocys is a sustainable fuels company. Originally a spin-out from Oxford University, in 2008 the Company acquired a US company based on complementary technology developed at the Pacific Northwest National Laboratory. Over 15 years Velocys has developed proprietary Fischer-Tropsch technology that enables the production of drop-in transport fuels from a variety of waste materials. Having demonstrated its technology at commercial scale, the Company is currently developing projects in Natchez, Mississippi, USA and Immingham, UK to produce fuels that significantly reduce both greenhouse gas emissions and key exhaust pollutants for aviation and road transport.
For further information, please contact:
Velocys
Henrik Wareborn, CEO
+44 1235 838 621
Numis Securities (Nomad and joint broker)
Alex Ham
Stuart Skinner
Tom Ballard
+44 20 7260 1000
Canaccord Genuity (Joint broker)
Henry Fitzgerald-O'Connor
James Asensio
+44 20 7523 8000
Camarco (Financial communications & PR)
Billy Clegg
Tom Huddart
+44 20 3757 4983
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