6 November 2018 |
For Immediate
Release |
Anglo African
Agriculture plc
(“AAA” or the “Company”)
Notice of General
Meeting.
As announced on 14 September 2018,
the Company raised £805,000 in a Fundraising comprising the issue
of 161,000,000 new ordinary shares of 0.1p (the “Subscription”) at
0.50p per Subscription Share (the “Subscription Price”) and issue
of £250,000 of convertible loan notes for 50,000,000 loan notes of
0.50p (the “Loan Notes”) with a conversion price of 0.75p (the
“Conversion Price”).
Warrants were attached to the Subscription Shares on a 1-for-1
basis, with an exercise price of 1.0p per ordinary share and expire
12 months from allotment of the Subscription Shares (the
“Subscription Warrants”). Further, warrants will be attached
to any new ordinary shares that are issued as a result of
conversion of any Loan Notes, on a 1-for-1 basis on the same terms
as the Subscription Warrants (“Loan Note Warrants”). A
maximum of 194,333,333 new ordinary shares could potentially be
issued in the event that all Subscription Warrants and Loan Note
warrants are exercised.
As was stated in that announcement, a General Meeting was to be
convened by the Company in due course, order to provide sufficient
headroom for the exercise of the Subscription Warrants and the
Conversion Warrants.
AAA gives notice that the General Meeting of the Company is to
be held at 10.30am GMT at the offices
of VSA Capital, New Liverpool House, 15-17 Eldon Street,
London, EC2M 7LD on Tuesday
27 November 2018.
Information on the resolutions to be voted on at the General
Meeting can be found in the Notice of General Meeting that, along
with forms of proxy, has been posted to shareholders and is
available on the Company’s website http://www.aaaplc.com/ .
For further information please
contact:
Anglo African Agriculture
plc |
+44 (0) 20 7440 0640 |
David Lenigas, Non-Executive
Chairman |
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Rob Scott, Executive Director |
+27 (0) 84 600 6001 |
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VSA Capital Limited
(Financial Adviser and Corporate Broker) |
+44 (0) 20 3005 5000 |
Andrew Raca |
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