Business
Result of General Meeting and Open Offer
Result of General Meeting and Open Offer.
About this update from Getech Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0146U\n GETECH Group plc\n 30 March 2021\n \n \n \n \n 30 March 2021\n \n \n \n \n \n Getech Group plc\n \n \n \n \n \n (\"Getech\" or the \"Company\")\n \n \n \n \n \n Result of General Meeting and Open Offer\n \n \n \n \n \n Result of General Meeting\n \n \n \n \n \n Getech, a provider of data, knowledge and software products to the energy industry, is pleased to announce that, further to the announcement on 12 March 2021, the Resolution put to Shareholders at the General Meeting held earlier today in connection with the Placing, Subscription and Open Offer to raise up to £6.25 million (before expenses), was duly passed. Full details of the proxy voting results will be published on the Company's website at \n www.getech.com\n shortly.\n \n \n \n \n Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meaning as defined in the announcement the Placing, Subscription and Open Offer made by the Company on 12 March 2021.\n \n \n \n \n Acquisition of H2 Green Limited\n \n \n \n \n \n Getech is also pleased to confirm that, following approval of the Resolution, it has acquired the entire issued share capital of H2 Green for an initial consideration of £250,000, of which £196,250 (78.5 per cent.) will be satisfied through the issue of the Consideration Shares with the remaining £53,750 paid in cash.\n \n \n \n \n \n Result of Open Offer\n \n \n \n \n \n In addition, the Company is pleased to announce that valid applications have been received in respect of, and the Company will issue, 1,138,291 Open Offer Shares, raising gross proceeds of £0.25 million and taking the total proceeds of the Placing, Subscription and Open Offer to £6.25 million.\n \n As the Open Offer was oversubscribed, the Directors of the Company will undertake a scaling back process, on a pro-rata basis, with the same scaling methodology to be applied to each shareholder who applied for excess applications.\n \n Admission & Total Voting Rights\n \n Application has been made for the First Placing Shares and the Consideration Shares, totalling 18,835,998 new Ordinary Shares, to be admitted to trading on AIM and dealing will commence in the First Placing Shares and the Consideration Shares at 8.00 a.m. on 31 March 2...