Business
Result of EGM
Result of EGM.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n \nRNS Number : 7197Z Audioboom Group PLC 21 May 2019 \n\n21 May 2019\n \nAudioboom Group plc\n(\"Audioboom\" or the \"Company\")\n \nResult of EGM\n \nAudioboom Group plc (AIM: BOOM), the leading spoken word audio on-demand platform, is pleased to announce that, at its Extraordinary General Meeting held earlier today, the following resolutions were duly passed on a show of hands. \n \nThe proxy voting results for the resolutions, including resolutions 1 and 2 in connection with the Placing and Subscription, are included below:\n \n\n\n\n\nResolution\n\n\nVotes For*\n\n\n% of votes cast\n\n\nVotes Against\n\n\n% of votes cast\n\n\nTotal votes cast\n\n\n% of issued share capital voted\n\n\n\n\n1. To grant authority to directors to allot the Placing and Subscription shares \n\n\n531,948,243\n\n\n100%\n\n\n0\n\n\n-\n\n\n531,948,243\n\n\n41.28%\n\n\n\n\n2. To disapply pre-emption rights in relation to the Placing and Subscription shares\n\n\n531,948,243\n\n\n100%\n\n\n0\n\n\n-\n\n\n531,948,243\n\n\n41.28%\n\n\n\n\n3. To grant authority to directors to allot up to 140,000,000 new ordinary shares, (representing approximately 10% of the Company's Enlarged Share Capital)\n\n\n531,948,243\n\n\n100%\n\n\n0\n\n\n-\n\n\n531,948,243\n\n\n41.28%\n\n\n\n\n4. To disapply pre-emption rights in relation to the allotment of up to 140,000,000 new ordinary shares, (representing approximately 10% of the Company's Enlarged Share Capital)\n\n\n531,948,243\n\n\n100%\n\n\n0\n\n\n-\n\n\n531,948,243\n\n\n41.28%\n\n\n\n\n \n *Votes \"For\" include votes giving the Chairman discretion.\n \nAdmission\nApplication has been made for 112,000,000 new ordinary shares in the Company (\"New Ordinary Shares\"), which will rank pari passu with the existing ordinary shares in the Company, to be admitted to trading on AIM (\"Admission\"). Admission is expected to occur at 8.00 a.m. on 22 May 2019, following which the total number of ordinary shares and voting rights in the Company will be 1,400,675,619. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance...