TMZ Toumaz

TIDMTMZ

RNS Number : 9823N

Toumaz Limited

01 November 2016

 
 For Immediate Release   1 November 2016 
 

Toumaz Limited

('Toumaz', the 'Group' or the 'Company')

Result of EGM

Toumaz Limited (AIM: TMZ), a pioneer in technologies for Digital Radio and Smart Audio devices, announces that, at the Extraordinary General Meeting held earlier today in London, all of the resolutions proposed to shareholders and depositary interest holders (as set out in the circular to shareholders dated 7 October 2016) ("the Circular") were duly passed.

The resolutions included a move to change the Group's name to Frontier Smart Technologies Group Limited (AIM: FST) and undertake a 40-for-1 share consolidation together with a resolution to adopt amended Articles of Association.

It is expected that dealings in the Consolidated Ordinary Shares and the Consolidated Depositary Interests will commence from 8.00 a.m. on 4 November 2016. The Group's name will change from Toumaz Limited to Frontier Smart Technologies Group Limited and the London Stock Exchange TIDM (ticker) for the Ordinary Shares will be changed from "TMZ.L" to "FST.L", which will take effect from 8.00 a.m. on 4 November 2016. At the same time, the Group's website will change from its current Toumaz address to a new URL for Frontier Smart Technologies Group Limited, this being www.frontiersmart.com.

Total Voting Rights

Application has been made for the Consolidated Ordinary Shares and the Consolidated Depositary Interests to be admitted to trading on AIM and this is expected to become effective at 8.00 a.m. on 4 November 2016. With effect from admission, the Company's issued share capital will comprise 42,747,622 Ordinary Shares of 10 pence each with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company will therefore be 42,747,622 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Shareholders who hold Existing Ordinary Shares in uncertificated form will have their CREST accounts credited with the Consolidated Depositary Interests following Admission on 4 November 2016. Following the Share Capital Reorganisation, existing share certificates will cease to be valid and new share certificates will be despatched to those shareholders who hold their Existing Ordinary Shares in certificated form, on or before 16 November 2016.

Block Listings

The Company has also requested that all of the block listed shares under the Toumaz 2012 Limited Unapproved Share Option Scheme, Enterprise Management Incentive Scheme 2009 and Toumaz 2002 Employee Share Option Scheme be consolidated in the same ratio as all the existing shares so that they will maintain a block listing facility over 868,530 Ordinary Shares. Therefore, the total number of Ordinary Shares, listed and block listed, that the Company has made applications to the London Stock Exchange for is 43,616,152 Ordinary Shares.

Unless otherwise defined herein, capitalised terms shall have the same meaning given to them in the Circular.

- Ends -

For further enquiries:

 
                                           +44 (0) 20 
 Toumaz Limited                             7391 0630 
 Anthony Sethill, Chief Executive 
  Officer 
 Jonathan Apps, Chief Financial 
  Officer 
 
 Peel Hunt LLP (Nominated Adviser          +44 (0) 20 
  and Broker)                               7418 8900 
 Richard Kauffer/ Euan Brown 
 
                                           +44 (0) 20 
 Buchanan (Financial PR)                    7466 5000 
 Sophie McNulty/ Henry Harrison-Topham/ 
  Steph Watson 
 

About Toumaz

The Toumaz Group is a pioneer in software and hardware technologies for Digital Audio devices. The Group has one operating division, Frontier Silicon, which provides solutions for Digital Radio and Smart Audio devices.

Frontier was founded in 2002. Customers include many leading consumer audio brands: Bose, Bowers & Wilkins, Denon, Grundig, harman/kardon (JBL), Onkyo, Panasonic, Philips, Pioneer, Pure, Roberts, Sony, TechniSat, Yamaha, and many more.

The company is headquartered in London, with engineering, sales and operations teams in Cambridge, Timisoara (Romania), Hong Kong, and Shenzhen.

www.toumaz.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 01, 2016 05:30 ET (09:30 GMT)

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