AssetCo PLC Results of General Meeting (5841V)
August 10 2022 - 6:45AM
UK Regulatory
TIDMASTO
RNS Number : 5841V
AssetCo PLC
10 August 2022
LEI: 213800LFMHKVNTZ7GV45
10 AUGUST 2022
ASSETCO PLC
("AssetCo" or the "Company")
RESULTS OF GENERAL MEETING
The Company is pleased to announce that, at the general meeting
which took place at 11.00 a.m. today, the following resolutions
(the "Resolutions") were duly passed by the requisite
majorities:
-- Resolution 1: the sub-division of each ordinary share of
GBP0.10 in the capital of the Company ("Existing Ordinary Share")
into ten new ordinary shares of GBP0.01 each in the capital of the
Company ("New Ordinary Shares"); and
-- Resolution 2: subject to the confirmation of the Court, the
cancellation of the amount standing to the credit of the Company's
share premium account and for the amount cancelled to be credited
to a distributable reserve.
It is expected that dealings in the New Ordinary Shares will
commence at 8.00 a.m. on 11 August 2022 (the "Effective Time") with
the ISIN code GB00BQ2K3557. The SEDOL code for the New Ordinary
Shares is BQ2K355 and the TIDM is ASTO.
Immediately following the Effective Time, there will be
149,292,970 New Ordinary Shares allotted, called up and fully paid
in issue, all with voting rights. The Company will hold no New
Ordinary Shares in treasury.
Campbell Fleming, CEO of AssetCo, said:
"We are pleased to secure approval for the share split and be
able to offer existing and potential shareholders greater liquidity
and marketability in the Company's shares. We are actively engaged
in expanding our shareholder base, which we believe the share split
will assist with."
From the Effective Time, the figure of 149,292,970 may be used
by shareholders as the denominator for the calculation by which
they will determine if they are required to notify their interest
in, or a change in their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Capitalised terms used but not defined in this announcement have
the meanings given to them in the circular to shareholders dated 22
July 2022 (the "Circular"). A copy of the Circular is available on
the Company's website at
www.assetco.com/investor-relations/documents/ .
Enquiries:
AssetCo plc +44 (0) 79 5800 5141
Campbell Fleming
Peter McKellar
James Thorneley
Numis -Nominated Adviser and Joint Broker to AssetCo
Charles Farquhar
Giles Rolls +44 (0) 20 7260 1000
Panmure Gordon - Joint Broker to AssetCo
Charles Leigh-Pemberton
Atholl Tweedie
Gabriel Hamlyn +44 (0) 20 7886 2906
Maitland/AMO - PR Adviser to AssetCo
Neil Bennett
Rachel Cohen +44 (0) 20 7379 5151
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END
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