Business
Result of GM, Board Change, Acquisition Completion
Result of GM, Board Change, Acquisition Completion.
About this update from Built Cybernetics Plc
[{"type":"text","content":"\n \n \n 21 March 2023\n \n \n \n \n \n \n \n \n Aukett Swanke Group Plc\n \n \n \n (\"Aukett Swanke\", the \"Company\", or, together with its subsidiaries, the \"Group\")\n \n \n \n Result of General Meeting\n \n \n \n \n Board Change and Issue of Consideration Shares\n \n \n \n \n \n \n \n \n Aukett Swanke (AIM: AUK), a company that principally provides architectural and interior design services, announces that, at the General Meeting on 20 March 2023, the resolutions, as set out in the Notice of General Meeting dated 2 March 2023, were duly passed by shareholders as ordinary resolutions. The Waiver Resolution was passed on a poll. Full details of the voting at the General Meeting are set out in the table further below.\n \n \n Consequently, the Company is pleased to confirm that the Initial Acquisition of Torpedo Factory Group Limited (\n \n \"TFG\"\n \n ) has completed.\n \n \n As detailed in the Company's circular dated 2 March 2023 (\n \n \"Circular\"\n \n ) Nick Clark, CEO and Founder of TFG, has joined the Board of Aukett Swanke as an executive director with immediate effect.\n \n \n Unless otherwise indicated, defined terms in this announcement shall have the same meaning as described in the Circular.\n \n \n Following issue of the 110,142,286 Consideration Shares, the Concert Party will be interested in 89,159,484 Ordinary Shares, representing 32.38% of the Company's issued ordinary share capital, as enlarged by the issue of the Consideration Shares.\n \n \n \n Clive Carver, Aukett Swanke Group plc Chairman, said:\n \n \n \n \"We were delighted to receive such a strong show of support from shareholders for the Torpedo Factory Group acquisition.\n \n \n \n Our focus now is to grow both the traditional core architecture businesses and to move forward quickly in the quest to develop the Group in the smart buildings arena.\"\n \n \n \n \n Nick Clark, TFG founder and CEO of TFG, said:\n \n \n \n \n \"This transaction helps broaden TFG's reach as it becomes a master systems integrator. Moreover it provides a platform for growth and an exciting future for the enlarged Group.\"\n \n \n \n \n \n \n \n \n \n Voting results\n \n \n \n \n \n \n \n \n No.\n \n \n \n \n \n \n Resolution\n \n \n \n \n \n \n In favour\n \n \n \n \n \n \n Against\n \n \n \n \n \n \n Total votes cast as a % of issued share capital\n \n...