Business
Result of EGM, Admission and Change of Name
Result of EGM, Admission and Change of Name.
About this update from Forgent Plc
[{"type":"text","content":"\n \nRNS Number : 1495W React Energy PLC 06 February 2017 \n\n6 February 2017\n \nREACT Energy plc\n(\"REACT\" or the \"Company\")\n \nResult of Extraordinary General Meeting (\"EGM\"), Admission of New Ordinary Shares and Change of Name\n \nFurther to the Company's announcement of 10 January 2017, REACT is pleased to announce that at the EGM held earlier today in respect of the investment by EBIOSS Energy in React, all Resolutions were duly passed.\n \nThe ordinary resolution to approve, on a poll, the waiver under Rule 9 of the Irish Takeover Rules and the special resolutions relating to the Share Capital Reorganisation and the change of the Company's name to EQTEC PLC were all passed.\n \nAccordingly, the New EBIOSS Shares (consisting of 78,210,000 New Ordinary Shares) will be issued to EBIOSS Energy pursuant to the terms of the Conversion Agreement and Admission and dealings in the New Ordinary Shares (following the Share Capital Reorganisation) and the New EBIOSS Shares is expected to commence at 8.00 a.m. on 7 February 2017.\n \nFollowing Admission, the Company will have 153,350,494 New Ordinary Shares in issue. The Company holds no shares in treasury. Shareholders should use the figure of 153,350,494 as the denominator for the calculations by which they will determine if they are required to notify their interest in or change to their interest in the Company, under the FCA's Disclosure and Transparency Rules. \n \nFollowing Admission, EBIOSS Energy will hold New Ordinary Shares carrying voting rights over 51 per cent. of the Enlarged Share Capital, as well as the option, pursuant to the Warrant Purchase Agreement, over 38,450,000 Warrants. \n \nFarmers Business Developments plc will hold New Ordinary Shares carrying voting rights over 11.3 per cent. of the Enlarged Share Capital following Admission.\n \nFollowing approval at the EGM of the change of name to EQTEC PLC, dealings in the New Ordinary Shares under the new name are also expected to commence at 8.00 a.m. on 7 February 2017 and the Company's TIDM (ticker symbol) will also change from \"REAC\" to \"EQT\".\n \nIn compliance with AIM Rule 26, details of the Company will be available at the Company's new website address www.eqtecplc.com following the change of name becoming effective.\n \nAll capitalised te...