Reabold Resources PLC Result of General Meeting, Issue of Equity, TVR (4644T)
October 12 2017 - 6:26AM
UK Regulatory
TIDMRBD
RNS Number : 4644T
Reabold Resources PLC
12 October 2017
For immediate release 12 October 2017
Reabold Resources plc ("Reabold" or the "Company")
Result of General Meeting
Issue of Equity
Total Voting Rights
Reabold, the AIM listed investment company operating in the
natural resources sector, is pleased to announce that at the
general meeting ("GM") held earlier today, all resolutions were
passed.
Accordingly, authorities have been granted to the directors to
allot new ordinary shares up to an aggregate nominal amount of
GBP1,000,000 on a non pre-emptive basis.
On 2 October 2017, the Company announced a proposed subscription
for a total of 352,000,000 new ordinary shares of 0.1 pence each
(the "Ordinary Shares") in the capital of the Company (the
"Subscription Shares") at a price of 0.5 pence per Subscription
Share (the "Subscription Price") to raise, in aggregate, GBP1.76
million (before expenses) (the "Subscription") conditional on
Shareholder approval being given at the GM.
Further to Shareholder approval being given today, the
Subscription Shares, will be issued, will be fully paid and will
rank pari passu in all respects with the existing Ordinary Shares,
including the right to receive all dividends and other
distributions declared, made or paid after the date of issue.
Application has been made for the Subscription Shares to be
admitted to trading on the AIM market ("AIM") of London Stock
Exchange plc (the "London Stock Exchange"), ("Admission"), and
Admission is expected to take place on or around 13 October
2017.
Settlement for the Subscription Shares, and Admission is
expected to take place on or before 8.00 a.m. on 13 October
2017.
Total Voting Rights
Following completion of the Subscription, the number of shares
in issue will be 1,540,415,896.
Enquiries:
Reabold Resources Sachin Oza C/o Camarco
plc Stephen Williams Tel: 020 3757 4980
Anthony Samaha
Beaumont Cornish Roland Cornish Tel: 020 7628 3396
Limited Felicity Geidt
Whitman Howard Nick Lovering Tel: 020 7659 1234
Limited Grant Barker
Turner Pope Investments Andy Thacker Tel: 020 3621 4120
(TPI) Ltd - Joint
Broker
Camarco Billy Clegg Tel: 020 3757 4980
James Crothers
Oliver Head
This information is provided by RNS
The company news service from the London Stock Exchange
END
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