Andalas Energy and Power Plc Result of AGM and Total Voting Rights
August 03 2018 - 5:29AM
UK Regulatory
TIDMADL
Andalas Energy and Power Plc
Result of AGM and Total Voting Rights
3 August 2018
Andalas Energy and Power Plc
('Andalas' or the 'Company')
Result of AGM and Total Voting Rights
The Annual General Meeting ("AGM") for Andalas Energy and Power plc (AIM:ADL)
was held today at 10.00am. All resolutions were passed.
Following the passing of the resolutions at the AGM, the Conditional Placing,
as announced on 11 July 2018, was approved. Accordingly, the Company has
issued the conditional placing shares totalling 3,000,000,000 Ordinary Shares,
which will rank pari passu in all respects with all existing ordinary shares in
the Company, and has applied for Admission to trading on AIM of such shares
with effect from 6 August 2018. Following Admission, the Company will have an
issued share capital of 14,662,162,387 Ordinary Shares.
Furthermore following the passing of the Share Consolidation resolution at the
AGM, every 50 Existing Ordinary Shares that are in issue as at the close of
business 9 August 2018, will be consolidated into one New Ordinary Share.
Accordingly there will be 293,243,247 New Ordinary Shares in issue compared
with the pre-consolidation total of 14,662,162,387 Ordinary Shares.
The New Ordinary Shares arising on implementation of the share consolidation
will have the same rights as the Existing Ordinary Shares, including voting and
other rights. The Company's new Stock Exchange Daily Official List ("SEDOL")
code will be BZ7PNY7 and its new ISIN code will be IM00BZ7PNY71. The Company's
Tradable Instrument Display Mnemonic ("TIDM") remains unchanged: "ADL".
Application will be made for the New Ordinary Shares to be admitted to trading
on AIM ("Admission") and dealings are expected to commence at 8:00 am on 10
August 2018.
As no shares are held in treasury, the above figure of 14,662,162,387 should be
used by shareholders as the denominator for the calculations by which they
determine whether they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure and Transparency
Rules with effect from 6 August 2018.
From 10 August 2018, the Company will have an issued share capital of
293,243,247 New Ordinary Shares and it is this figure that should then be used
by shareholders as the denominator for the calculations by which they determine
whether they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure and Transparency Rules
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR). Upon the publication of this announcement via a
Regulatory Information Service ('RIS'), this inside information is now
considered to be in the public domain.
Simon Andalas Energy and Power Plc Tel: +62 21 2965 5800
Gorringe
Roland Beaumont Cornish Limited Tel: +44 20 7628 3396
Cornish/ (Nominated Adviser)
James
Biddle
Colin Novum Securities Limited Tel: +44 207 399 9427
Rowbury (Joint Broker)
Christian Optiva Securities Limited Tel: +44 20 3411 1881
Dennis (Joint Broker)
Stefania Cassiopeia Services Ltd Stefania@cassiopeia-ltd.com
Barbaglio
END
(END) Dow Jones Newswires
August 03, 2018 06:29 ET (10:29 GMT)
Advance Energy (LSE:ADV)
Historical Stock Chart
From Apr 2024 to May 2024
Advance Energy (LSE:ADV)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Advance Energy Plc (London Stock Exchange): 0 recent articles
More Andalas Energy News Articles