Business
Result of General Meeting and PDMR Dealing
Result of General Meeting and PDMR Dealing.
About this update from Huddled Group Plc
[{"type":"text","content":"\n\n \n26 May 2023\nLet's Explore Group PLC\n \n(the \"Company\" or the \"Group\")\n \n \nResult of General Meeting and PDMR Dealing\n \n \nFurther to the announcement and the circular dated on 9 May 2023 (\"Circular\"), the Board of Directors of Let's Explore Group PLC (AIM: LETS) is pleased to announce that at the General Meeting held earlier today, all resolutions were duly passed.\n \nThe Notice of General Meeting containing the full text of the resolutions is available on the Company's website at www.LetsExploreGroup.com and the results of the proxy vote on each of the resolutions will also be made available on the Company's website shortly.\n \nTender Offer\n \nShareholders are reminded that the last time and date for receipt of Tender Forms or TTE Instructions in respect of the Tender Offer is 1.00 p.m. on 2 June 2023 and that Eligible Shareholders' entitlement to tender their shares will be calculated as 65 per cent. of Shares held as at 6 p.m. on 2 June 2023.\n \nThe results of the Tender Offer will be announced on 5 June 2023.\n \nAll references to time in this announcement are to UK time. Capitalised terms in this announcement (unless otherwise defined) have the same meanings as set out in the Circular.\n \nExercise of Options\n \nAs a result of this morning's General Meeting, the Company also announces that it has allotted, conditional to admission on AIM, a total of 33,209,582 new ordinary shares of 0.040108663 pence each in the Company (\"New Ordinary Shares\") at a price of 2.5p pence each pursuant to the exercise of options under the Company's share option scheme, including 30,363,046 Ordinary Shares to Martin Higginson, David Marks and Daniel Wortley (together, the \"Executive Directors\").\n \nApplication has been made for the New Ordinary Shares to be admitted to trading on AIM (\"Admission\"). Admission is expected to take place on or around 2 June 2023. Upon Admission, the New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares.\n \nTotal Voting Rights\n \nFollowing the Admission, the Company's issued share capital will consist of 427,723,035 Ordinary Shares. This figure of 427,723,035 may be used by shareholders in the Company as the denominator for the calculations by which th...