Koovs PLC Result of General Meeting (3555D)
June 25 2019 - 5:20AM
UK Regulatory
TIDMKOOV
RNS Number : 3555D
Koovs PLC
25 June 2019
25 June 2019
Koovs plc
("Koovs" or the "Company")
Result of General Meeting
On 5 June 2019, the Company published its shareholder circular
(the "Circular") in connection with the second tranche investment
from Future Lifestyle Fashions Limited ("FLFL") of GBP6.810,374.96
in exchange for the issue of 24,010,937 Compulsory Convertible
Preference Shares (the "CCPS"). The Circular sought approval for
the issue of the CCPS and subsequent conversion within a period of
up to 12 months from the date of issue of the CCPS to 24,010,937
Ordinary Shares; and the renewal of the Company's general
authorities to allot Ordinary Shares and disapply pre-emption
rights up to an aggregate nominal amount of GBP1,326,399.87
Koovs is pleased to announce that all of the Resolutions
proposed at the General Meeting held earlier today were duly passed
by Shareholders. Accordingly, the Company expects to receive the
approximate GBP6.8m investment from FLFL in due course. A further
announcement will be made at that time.
Unless otherwise defined, capitalised terms used in this
announcement shall have the same meanings given to them in the
Circular.
ENDS
For further information please contact:
Koovs plc
Mary Turner / Robert Pursell
Tel: +44 (0) 20 7151 0170
Strand Hanson Limited (Nominated & Financial Adviser)
James Harris / Ritchie Balmer / Georgia Langoulant
Tel: +44 (0) 20 7409 3494
Whitman Howard Limited (Corporate Broker)
Nick Lovering (Corporate) / Mark Murphy (Institutional
Sales)
Tel: +44 (0) 20 7659 1234
Media enquiries:
Newgate Communications
Adam Lloyd / Fiona Norman
Tel: +44 (0) 20 3757 6880
E: koovs@newgatecomms.com
The information contained within this announcement is considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No.596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ROMLLFLIRSIEFIA
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