TIDMDIS

RNS Number : 7147H

Distil PLC

05 August 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

5 August 2021

Distil PLC

("Distil" or "the Company")

Result of General Meeting

Result of General Meeting

Following today's General Meeting ("GM"), convened by the Notice of GM dated 20 July 2021, Distil PLC is pleased to announce that both resolutions set out in the Notice of GM were approved by Shareholders.

As a result, 160,750,000 new Ordinary Shares have today been allotted at an Issue Price of 2p per share, comprising 87,500,000 Placing Shares and 72,500,000 Subscription Shares and 750,000 Fee Shares. The Placing Shares, Subscription Shares and Fee Shares are expected to be admitted to trading on AIM ("Admission") with effect from 8.00 a.m. on 6 August 2021.

In addition, and as outlined in the Company's notification of 20 July 2021 107,166,665 Placing Warrants and 2,625,000 Broker Warrants have been issued.

Admission and Total Voting Rights

Following Admission, the Company's total issued share capital will be 662,732,913. As the Company does not hold any shares in Treasury, this figure 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 to their interest in, the share capital of the Company following Admission.

The results of the poll for each resolution were as follows:

 
           Resolution                 For       % For     Against    % Against   Withheld 
 1. To authorise the directors 
  to allot shares pursuant 
  to Section 551 of the 
  Companies Act 2006.             188,799,903   99.32%   1,283,708     0.68%        - 
                                 ------------  -------  ----------  ----------  --------- 
 2. To authorise the directors 
  to allot shares for cash 
  pursuant to Section 571(1) 
  of the Companies Act 2006.      188,794,603   99.32%   1,289,008     0.68%        - 
                                 ------------  -------  ----------  ----------  ---------

As at the date of the GM, the number of issued ordinary shares of the Company was 501,982,913 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held. Votes withheld are not votes in law and have not been counted in the calculation of the proportion of vote "for" or "against" a resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

For further information:

 
 Distil plc                 Don Goulding             Tel: +44 203 283 4006 
                             Shaun Claydon 
 SPARK Advisory Partners 
  Limited                   Neil Baldwin / Andrew 
  (Nominated Advisor)        Emmott                  +44 (0) 113 370 8974 
                           -----------------------  ---------------------- 
 Turner Pope Investments    Andy Thacker / James 
  (TPI) Limited Broker       Pope                    +44 (0) 20 3657 0050 
                           -----------------------  ----------------------

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement released on 20 July 2021 unless the context requires otherwise.

About Distil

Distil Plc is quoted on the AIM market of the London Stock Exchange. It owns drinks brands in a number of sectors of the alcoholic drinks market. These include premium spiced rum, vodka, gin, vodka vanilla cream liqueur and are called RedLeg Spiced Rum, Blackwoods Vintage Gin, Blackwoods Vodka, TRØVE Botanical Vodka, Blavod Original Black Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur.

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August 05, 2021 06:08 ET (10:08 GMT)

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