Bilby PLC Results of General Meeting (7969U)
April 11 2016 - 5:43AM
UK Regulatory
TIDMBILB
RNS Number : 7969U
Bilby PLC
11 April 2016
Bilby Plc ("Bilby" or the "Group")
Result of General Meeting, completion of Placing to raise GBP5.0
million relating to the acquisitions of DCB and Spokemead
The Board of Bilby Plc is pleased to announce that, further to
the announcement on 24 March, at the General Meeting held earlier
today all resolutions proposed, as set out in the Notice of General
Meeting circulated to shareholders, were duly passed.
The resolutions that were passed were to authorise the issue of
the 4,237,288 new Ordinary Shares being issued pursuant to the
Placing announced on 24 March 2016 and 847,458 Initial
Consideration Shares to the vendors of DCB (Kent) Limited ("DCB")
and Spokemead Maintenance Limited ("Spokemead"). The Placing
provides Bilby with GBP5.0 million (gross), in addition to the debt
facilities provided by HSBC Bank plc, to fund the cash
consideration for the acquisitions of DCB and Spokemead (the
"Acquisitions").
Accordingly, application has been made for 4,237,288 Placing
Shares and 847,458 Initial Consideration Shares to be admitted to
trading on AIM. It is expected that Admission will occur at 8.00
a.m. on 12 April 2016 and that the Acquisitions will complete
thereafter. The new Ordinary Shares will rank pari passu with the
existing Ordinary Shares in the Group.
Following Admission, Bilby's share capital will consist of
39,322,591 ordinary shares of 10 pence each. No shares are held in
treasury. The above figure may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, or a change to their interest in Bilby, under the
Disclosure and Transparency Rules.
Enquiries
Bilby Plc 020 8269 3777
Phil Copolo, Executive Deputy Chairman
David Ellingham, Managing and Business Development Director
Katherine O'Reilly, Finance Director
Panmure Gordon (UK) Limited
020 7886 2500
(Nominated Adviser and Broker)
Dominic Morley
Charles Leigh-Pemberton
James Greenwood
Hudson Sandler
020 7796 4133
(Financial PR)
Charlie Jack
Emily Dillon
This information is provided by RNS
The company news service from the London Stock Exchange
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