Marlowe PLC Result of GM (8270K)
September 26 2016 - 5:41AM
UK Regulatory
TIDMMRL
RNS Number : 8270K
Marlowe PLC
26 September 2016
26 September 2016
Marlowe plc
Result of General Meeting
Marlowe plc ("Marlowe", the "Company" or the "Group") confirms
that, at the General Meeting held today, all resolutions proposed
were duly passed.
Accordingly, further to the announcement of 8 September 2016,
the Company confirms, subject to among other matters admission
becoming effective, it will on 27 September 2016 issue and allot
2,888,187 new ordinary shares of 50 pence each ("New Ordinary
Shares") at 170 pence per share. This represents approximately 10.5
per cent of the enlarged share capital, raising GBP4.9 million
(before expenses) to repay a portion of the company's existing
revolving credit facility with Lloyds Bank, provide funds for
further acquisitions as part of Marlowe's ongoing buy-and-build
strategy and provide working capital for the Group.
Following admission of the new ordinary Shares, the Company's
issued share capital carrying voting rights will be 27,466,995.
Trading in the new ordinary shares is expected to commence at 8.00
a.m. on 27 September 2016.
Further details of the acquisition and the placing can be found
in the announcement of 8 September 2016 and the circular posted to
shareholders on 9 September 2016.
This is available to download at www.marloweplc.com.
For further information:
Marlowe plc
Alex Dacre, Chief Executive Tel: +44 (0) 203
813 8498
IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser and
Broker)
Nicholas Wells, Elizabeth Tel: +44 (0)20
Bowman 7397 8900
FTI Consulting
Nick Hasell, Alex Le May Tel: +44 (0)20
3727 1340
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 26, 2016 06:41 ET (10:41 GMT)
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