REG - Zinc Media Group PLC - Result of General Meeting and Issue of Equity

Zinc MediaAnnouncement

22/08/2022 15:15

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RNS Number : 8164W  Zinc Media Group PLC  22 August 2022

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
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WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

Zinc Media Group plc

("Zinc" or the "Company")

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

Zinc Media Group plc (AIM: ZIN), is pleased to announce that both resolutions
put to Shareholders at the General Meeting held earlier today in connection
with the Fundraise and the Acquisition announced on 3 August 2022, were duly
passed on a poll.

The Fundraise and Acquisition remains conditional, inter alia, upon Admission
and the Placing Agreement not being terminated in accordance with its terms.

Issue of equity

The Company has therefore raised £5.04 million (before expenses) through the
Fundraise and has issued and allotted 5,000,000 Placing Shares and 37,059
Retail Shares. The Company has also issued and allotted 540,000 Initial
Consideration Shares as part of the initial consideration pursuant to the
Acquisition.

Application has been made to the London Stock Exchange for 5,577,059 New
Ordinary Shares to be admitted to trading on AIM. Admission and dealings in
the New Ordinary Shares is expected to occur at 8.00 a.m. on 23 August 2022.

The New Ordinary Shares will rank pari passu with the Existing Ordinary
Shares.

Total voting rights

Following Admission, the Company will have 21,777,978 Ordinary Shares in
issue. No Ordinary Shares will be held in treasury, therefore, the total
number of voting rights in the Company following Admission will be 21,777,978.

Shareholders may use this figure 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 issued share capital of the Company, under
the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined, capitalised terms used in this announcement shall
have the same meanings as defined in the Circular, published by the Company on
4 August 2022.

 

Enquiries:

 Zinc  Media Group plc                                     +44 (0) 20 7878 2311

 www.zincmedia.com

 Mark Browning (Chief Executive Officer)

 Will Sawyer (Chief Financial Officer)

 Singer Capital Markets Securities Limited (Broker)        +44 (0) 207 496 3000

 Singer Capital Markets Advisory LLP (Nominated Adviser)

 Mark Taylor / George Tzimas / Alex Emslie

 

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