Startup Giants Plc AGM Outcome and Statement
July 01 2020 - 3:38AM
UK Regulatory
TIDMSUG
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY STARTUP GIANTS
PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE
REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
STARTUP GIANTS PLC
("Startup Giants" or the "Company";
Ticker symbol on Aquis Exchange Growth Market: SUG)
Outcome of Annual General Meeting ("AGM"); AGM Statement
The Company's AGM in respect of the financial year ended 31st December 2019
occurred at 11.00 a.m. BST today, Tuesday 30th July 2020, in accordance with
the notice sent on 4th June 2020 to shareholders. All resolutions before
members were passed unanimously and, there being no other business, the meeting
was formally closed at 11.15 a.m.
AGM Statement
Discussing current trading and post- balance sheet developments in the Board
Statement that prefaced the publication, on 4th June 2020, of the Company's
audited accounts for the year ended 31st December 2019, the Directors mentioned
the recent accreditation of Startup Giants as an endorsing body for the
Innovator Route and Start-up Route by the Home Office, to encourage
entrepreneurs from outside the European Union to use the United Kingdom as the
platform within and from which to develop promising, early-stage businesses,
particularly in the technology, SaaS, FinTech, AdTech, PropTech, manufacturing
and supply chain areas. We said at the time that this should enable the Company
to source investment opportunities globally; and directly to support over
periods of several years selected foreign entrepreneurs bringing their
innovative skills to the U.K., helping them to develop and expand those skills
here.
The Company had received a provisional allocation of up to 25 endorsements that
it could issue during the first year of its accreditation. I am pleased to
report that the pipeline of highly prospective candidates for endorsement, who
are able to meet Startup Giants' stringent criteria for being considered, has
significantly expanded. Most of these entrepreneurs have also committed to use
Startup Giants to accelerate their businesses. The Company believes that, by
the late autumn of this year, it may already have exhausted its provisional
allocation of endorsements, in which case it will be likely to apply to the
government to increase the maximum number of endorsements permitted.
Jeremy Buckler, Director,
Chairman of the Meeting
30th June 2020.
This announcement has been made after due and careful enquiry and the Directors
of Startup Giants PLC accept responsibility for its content.
REGULATORY ANNOUNCEMENT ENDS
Enquiries:
Startup Giants PLC
Jeb Buckler; jeb@startupgiants.com +44 20 7 157 9764
Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck; +44 20 7464 4090; +44 7506 43 41 07; +971 50 856 9408;
blackpearladvisers@gmail.com; Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman; +44 7776 30 22 28; Brinsley.Holman@kbrl.co.uk
END
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