Business
Publication of Prospectus & Notice of AGM
Publication of Prospectus & Notice of AGM.
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 1080I\n Blencowe Resources PLC\n 30 March 2020\n \n \n \n \n Blencowe Resources Plc\n \n \n \n \n \n (\"Blencowe\" or the \"Company\")\n \n \n \n \n \n Announcement of Publication of Prospectus\n \n \n and Notice of Annual General Meeting\n \n \n \n \n The Company is pleased to announce that the Prospectus dated 30 March 2020 has been approved by the UK Listing Authority (the \"Prospectus\").\n \n The Prospectus relates to the proposed acquisition, which constitutes a Reverse Takeover, by the Company of the entire issued share capital of Consolidated African Resources (Uganda) Limited (\"CARU\") (the \"Acquisition\"), the placing of 24,999,996 Ordinary Shares at £0.06 per Ordinary Share (the \"Placing\"), a subscription for 8,333,333 Ordinary Shares at £0.06 per Ordinary Share (the \"Subscription\"), and the re-admission of the enlarged share capital of the Company to the standard listing segment of the Official List and to trading on the London Stock Exchange's Main Market (\"Re-admission\"). The aggregate consideration payable for the Acquisition is the allotment and issue of 33,333,333 Ordinary Shares of the Company at a price of £0.06 per Ordinary Share (\"Acquisition Shares\").\n \n An Annual General Meeting of the Company is being convened at the offices of Brandon Hill Capital Limited, 1 Tudor Street, London, EC4Y 0AH at 10.00am on 23 April 2020 at which resolutions will be proposed to the members to approve, inter alia, the Acquisition, the Placing, and the Subscription.\n \n Subject to the passing of the resolutions at the Annual General Meeting re-admission and commencement of dealings in the Company's enlarged share capital, including the Acquisition Shares, Placing Shares and Subscription Shares, is expected to take place at 8.00am on 28 April 2020.\n \n The Prospectus, which has been approved by the UK Listing Authority, has been published on the Company's website at http://www.blencoweresourcesplc.com and will also be available at the FCA's Document Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.\n \n Hard copies of the Prospectus are also be available during normal business hours at the Company's registered office and at the offices of the Company's financial adviser, broker and placing agent, Brandon Hill Capital Limited, ...