Pelatro PLC Result of General Meeting (8886X)
August 15 2018 - 5:30AM
UK Regulatory
TIDMPTRO
RNS Number : 8886X
Pelatro PLC
15 August 2018
15 August 2018
Pelatro Plc
("Pelatro" or the "Company")
Result of General Meeting
Further to Pelatro's announcement of 30 July 2018, the Company
is pleased to announce the passing of the Resolutions at the
General Meeting held earlier today.
Admission of the 2,092,055 EIS/VCT Placing Shares is expected to
occur at 8.00 a.m. on 16 August 2018 and admission of the 6,127,124
General Placing Shares is expected to occur at 8.00 a.m. on 17
August 2018 (together the "Admission").
The Placing and Acquisition remain conditional on Admission of
the New Ordinary Shares to AIM.
With effect from Admission the Company will have 32,532,431
Ordinary Shares in issue, with no shares held in treasury.
Shareholders may use this figure as the denominator by which they
are required to notify their interest in, or change to their
interest in, the Company under the Disclosure Guidance and
Transparency Rules.
Capitalised terms not otherwise defined in this announcement
shall have the same meaning ascribed to such terms in the
announcement of 30 July 2018 unless the context requires
otherwise.
Enquiries:
Pelatro Plc C/O IFC
Subash Menon, Managing Director
Nic Hellyer, Finance Director
finnCap Limited (Nominated Adviser and
Broker)
Adrian Hargrave / Kate Bannatyne (Corporate
Finance)
Stephen Norcross / Nikita Jain (Corporate
Broking) +44 (0)20 7220 0500
IFC Advisory Limited (Financial PR & IR)
Tim Metcalfe / Miles Nolan / Zach Cohen +44 (0)20 3934 6630
Notes to Editors
Pelatro provides precision marketing software for use by its
customers in B2C applications, with a current focus on providing
multi channel campaign management software to Telcos that provides
a contextualised, relevant and personalised solution for end
users.
Pelatro's precision marketing solution, mViva, uses Big Data
analytics to study growing end user data to reveal patterns,
trends, associations and key behavioural traits. mViva then applies
algorithms to analyse this data and to identify patterns for each
end user. Based on this analysis, relevant offers (which can
include additional services or customised campaigns) are made to
end users through a variety of channels like SMS, email and apps.
mViva allows customers to generate smaller relevant segments of end
users, which can be as small as one end user. By using mViva's
targeted approach, Pelatro's customers have experienced an increase
of up to 5 per cent. of annual incremental revenue per end user
through the upselling of products.
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END
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