Tekmar Group PLC Result of General Meeting (5839A)
September 12 2018 - 7:45AM
UK Regulatory
TIDMTGP
RNS Number : 5839A
Tekmar Group PLC
12 September 2018
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain
For immediate release: 12 September 2018
Tekmar Group plc
("Tekmar", the "Group" or the "Company")
Result of General Meeting
Tekmar Group plc, a market-leading technology provider of
protection systems for subsea cable, umbilical and flexible pipes
and offshore engineering services, is pleased to announce that at
the General Meeting of Tekmar, held earlier today, all resolutions,
including those relating to the proposed Acquisition of Subsea
Innovation Ltd, were passed.
Full details of the resolutions passed are set out in Tekmar's
Notice of General Meeting dated 21 August 2018 (the "Notice"),
which is available on Tekmar's website,
https://investors.tekmar.co.uk. Capitalised terms used but not
defined in this announcement have the meaning given in the
Notice.
Application will be made for the 645,161 Consideration Shares to
be admitted to trading on AIM at 8.00 a.m. on 18 September 2018.
Following Admission of the Consideration Shares, the Company's
issued share capital will consist of 50,645,161 Ordinary Shares.
There are no Ordinary Shares held in treasury. Therefore, in
accordance with the FCA's Disclosure and Transparency Rule 5.6.1,
the Company confirms that following Admission of the Consideration
Shares, the total number of voting rights in the Company will be
50,645,161.
For further information contact:
Tekmar Group plc
James Ritchie-Bland, Chief Executive Officer
Sue Hurst, Chief Financial Officer +44 (0)1325 379 520
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Jen Clarke +44 (0)20 7383 5100
Berenberg (Broker)
Chris Bowman / Ben Wright / Laure Fine +44 (0)20 3207 7800
Belvedere Communications (Financial PR)
John West / Llew Angus +44 (0) 7715 769078
About Tekmar Group plc - www.tekmar.co.uk
Tekmar Group plc is a market-leading technology provider of
protection systems for subsea cable, umbilical and flexible pipes
and offshore engineering services.
It operates two primary divisions: the Offshore Wind Farm
division, which focuses on the provision of subsea protection for
power transmission cables from and between offshore wind turbines,
and the Subsea division which focuses primarily on the provision of
subsea protection for umbilicals and flexible pipes to the oil and
gas market. Both divisions are supported by AgileTek which provides
subsea analysis, simulation and engineering consultancy
services.
The Group is headquartered in Newton Aycliffe in the United
Kingdom in a 70,000 sq ft facility that includes the manufacturing
centre, HSQE centre and business administration, and a 30,000 sq ft
facility that includes product testing, client-training centre and
the sales, project and engineering offices. AgileTek operates from
an office in London and has offices supporting its Offshore Wind
Farm division in Hamburg (Germany) and Shanghai (China). Tekmar has
appointed sales agents in Busan (South Korea) and Boston (United
States) for the Offshore Wind Farm division and in Singapore and
Abu Dhabi (United Arab Emirates) for the Subsea division.
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END
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