Immediate Acquisition PLC Result of AGM (3769R)
July 05 2022 - 4:48AM
UK Regulatory
TIDMIME
RNS Number : 3769R
Immediate Acquisition PLC
05 July 2022
5 July 2022
Immediate Acquisition Plc
("IME", the "Group" or the "Company")
Result of Annual General Meeting
Immediate Acquisition Plc (AIM: IME) announces that at its
Annual General Meeting ("AGM") held earlier today, all resolutions
were passed with the requisite majorities. Resolutions 1-8
(inclusive) were passed as ordinary resolutions. Resolutions 9, 10
and 11 were all in relation to the Directors' authority to allot
shares, this matter was covered in the resolutions put to the
general meeting held on 1 July and therefore the Directors decided
to withdraw resolutions 9, 10 and 11 from the AGM.
Voting was conducted by way of a poll and the results are set
out below:
Resolution Votes for % of votes Votes Against % of votes Withheld Total Votes
1. To receive and adopt the Company's
annual accounts for the year ended 31
December 2021
together with the Directors' report
and auditor's report. 7,678,780 100.00% Nil 0.00% Nil 7,678,780
---------- ----------- -------------- ----------- --------- ------------
2. To receive and approve the
Directors' remuneration report for
the year ended 31 December
2021. 7,678,780 100.00% Nil 0.00% Nil 7,678,780
---------- ----------- -------------- ----------- --------- ------------
3. To re-elect Tim Hipperson as a
director of the Company. 7,678,780 100.00% Nil 0.00% Nil 7,678,780
---------- ----------- -------------- ----------- --------- ------------
4. To re-elect Mark Horrocks as a
director of the Company. 3,078,780 100.00% Nil 0.00% Nil 3,078,780
---------- ----------- -------------- ----------- --------- ------------
5. To re-elect Simon Leathers as a
director of the Company. 7,678,780 100.00% Nil 0.00% Nil 7,678,780
---------- ----------- -------------- ----------- --------- ------------
6. To re-appoint the auditors, Nexia
Smith & Williamson. 7,678,780 100.00% Nil 0.00% Nil 7,678,780
---------- ----------- -------------- ----------- --------- ------------
7. To authorise the Directors to fix
the remuneration of the auditors. 7,678,780 100.00% Nil 0.00% Nil 7,678,780
---------- ----------- -------------- ----------- --------- ------------
8. To affirm the sale of the Company's
loan to Sprift Technologies Limited,
at face value,
for a total cash consideration of
GBP1.05 million to Mark Horrocks,
Non-Executive Director
of the Company, for the purposes of
section 190 of the Companies Act
2006. 3,078,780 100.00% Nil 0.00% Nil 3,078,780
---------- ----------- -------------- ----------- --------- ------------
9. Withdrawn N/A N/A N/A N/A N/A N/A
---------- ----------- -------------- ----------- --------- ------------
10. Withdrawn N/A N/A N/A N/A N/A N/A
---------- ----------- -------------- ----------- --------- ------------
11. Withdrawn N/A N/A N/A N/A N/A N/A
---------- ----------- -------------- ----------- --------- ------------
For further information please contact:
Immediate Acquisition Plc Tel: +44 (0) 203 515 0233
Tim Hipperson, Non-executive Chairman
Simon Leathers, Non-executive Director
SPARK Advisory Partners Limited (Nomad) Tel: +44 (0) 203 368 3550
Mark Brady
Neil Baldwin
SP Angel Corporate Finance LLP (Broker) Tel: +44 (0) 207 470 0470
Abigail Wayne
Matthew Johnson
Buchanan Communications Tel: +44 (0) 207 466 5000
Chris Lane / Kim van Beeck / Jack Devoy
Information on Immediate Acquisition plc
Immediate Acquisition plc is currently an AIM Rule 15 cash
shell. At a general meeting on 1 July 2022, shareholders approved
the acquisition of Fiinu Holdings Limited ("Fiinu Holdings") (the
"Acquisition"), a fintech company and creator of the Plugin
Overdraft(R), which is classified as a reverse takeover under AIM
Rule 14. The Acquisition remains conditional, inter alia, upon
Fiinu's subsidiary, Fiinu 2 Ltd ("Fiinu 2"), receiving confirmation
of its Part 4A deposit taking licence from the UK regulators.
Information on Fiinu
Fiinu Holdings, founded in 2017, is a technology platform and
provider of consumer banking products.
Fiinu is comprised of two innovative businesses: Fiinu 2, which
is in the final stages of obtaining Part 4A Permission from the UK
regulators and will offer the group's flagship product, the Plugin
Overdraft(R), and Fiinu Ltd, a provider of financial technology and
alternative data solutions.
Fiinu's Plugin Overdraft(R) is an unbundled overdraft solution,
whereby Fiinu can provide its customers with an overdraft facility
without them having to switch their current account with their
present bank, giving customers access to affordable credit.
Importantly, an overdraft does not negatively impact a consumer's
credit score and helps avoid expensive "payday lenders", giving
consumers the opportunity to build their credit rating.
Fiinu Ltd is the group's technology arm which will manage and
develop the group's platform utilising data insights and
analytics.
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