SEC Newgate S.p.A. Result of Extraordinary Shareholders Meeting (0569E)
February 25 2020 - 4:50AM
UK Regulatory
TIDMSECG
RNS Number : 0569E
SEC Newgate S.p.A.
25 February 2020
25 February 2020
SEC Newgate S.p.A.
("SEC Newgate", the "Group" or the "Company")
Result of Extraordinary Shareholders' Meeting
SEC Newgate (AIM: SECG), the international communications,
advocacy and research group, is pleased to announce that at the
adjourned extraordinary shareholders' meeting ("ESM") held earlier
today, in connection with the issue of the EUR2.5 million
convertible bond ("Bonds") to be subscribed by Inveready
Convertible Finance Capital I FCR and Inveready Convertible Finance
Capital SCR S.A., each a fund set up or managed by Inveready Asset
Management S.G.E.I.C., S.A, all resolutions were duly passed.
Subject to filing of the ESM resolution with the Companies
Register in Italy, the Bonds will be subscribed and issued, which
is expected to occur within the first week of March 2020.
Fiorenzo Tagliabue, CEO of SEC Newgate, commented:
" This convertible loan is a further important element in our
Strategic Plan. We are delighted to be working with Inveready. It
is not only a leading asset manager in Spain, but also a long-term
specialist technology-focused investor. This is particularly
relevant because the communications industry is undergoing
significant transformation against a backdrop of a more complex and
interconnected world.
As announced on 4 February 2020, our unaudited financial results
for the year ended 31 December 2019 incorporate four months of
trading following the merger in September 2019; they are in line
with our expectations and the Group is profitable. Our current
financial year has started strongly and having the support of
Inveready, which understands the long term potential of our market,
is very welcome."
Further information:
For further information please contact:
SEC Newgate S.p.A.
Fiorenzo Tagliabue (Group CEO) Telephone: +39 335 6008858
tagliabue@secrp.com
Emma Kane (Deputy Group CEO, Telephone: +44 (0) 20
CEO Newgate Communications UK) 3757 6860
emma.kane@newgatecomms.com
Federico Vecchio (Group CFO) Telephone: +44 (0) 20
7680 6500
federico.vecchio@secnewgate.co
Arden Partners (Nominated Adviser
and Broker)
Richard Johnson / Benjamin Cryer Telephone: +44 207 614
5900
Notes to Editors about SEC Newgate
-- Further information is available at www.secnewgate.com
-- On 3 September 2019, SEC S.p.A. and Porta Communications Plc
merged to create SEC Newgate S.p.A.
-- The Group's principal brands are: ACH SEC Global (Spain);
Cambre Associates (Belgium); Cambre Maroc (Morocco); Clai (France);
Kohl PR (Germany); Martis Consulting (Poland); SEC Latam
(Colombia); Newgate Communications (Abu Dhabi, Australia, Greater
China, Singapore, UK); Newington (UK); Publicasity (UK); SEC
Newgate S.p.A. (Italy); and 2112 (UK).
***
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END
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