Business
Result of General Meeting
Result of General Meeting.
About this update from Maintel Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5207W Maintel Holdings PLC 27 April 2016 \n\n27 April 2016 \nMaintel Holdings Plc (\"Maintel\" or the \"Company\")\n \nResult of General Meeting\nMaintel (AIM:MAI), is pleased to announce that all the Resolutions put to Shareholders at the General Meeting of the Company held earlier today were duly passed. The Resolutions were required to approve, inter alia, the acquisition of the Azzurri Communications Group (the \"Acquisition\") for an enterprise value of £48.5 million together with the issue of new ordinary shares in the Company to raise gross proceeds of £24.0 million and the adoption of new articles of association of the Company, as announced by the Company on 8 April 2016.\nAs Shareholder approval has now been received, as required under Rule 14 of the AIM Rules, the admission of the Company's Existing Ordinary Shares to trading on AIM will be cancelled (immediately prior to Admission) and the admission of the Enlarged Share Capital to trading on AIM and dealings in such Ordinary Shares will take place at 8.00 a.m. on 28 April 2016 (\"Admission\"). \nFollowing Admission, the total number of Ordinary Shares in issue will be 14,197,059. There are no shares held in treasury. Accordingly, the total number of voting rights in the Company on Admission will be 14,197,059. This figure may be used by Shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.\nSubject to the satisfaction or waiver (if applicable) of any outstanding conditions, completion of the Acquisition is expected to occur on 4 May 2016.\nSignificant Shareholders \nUpon Admission, the holdings of the significant shareholders of the Company will be as follows:\n\n\n\n\nName\n\n\nNumber of Ordinary Shares \n\n\n% of the Enlarged Share Capital \n\n\n\n\nJ D S Booth\n\n\n3,331,924\n\n\n23.5%\n\n\n\n\nA J McCaffery(1)\n\n\n2,198,636\n\n\n15.5%\n\n\n\n\nJ A Spens\n\n\n2,088,314\n\n\n14.7%\n\n\n\n\nHargreave Hale Limited(2)\n\n\n2,462,340\n\n\n17.3%\n\n\n\n\nHerald Investment Trust(3)\n\n\n804,217\n\n\n5.7%\n\n\n\n\n(1) 2,190,545 of these Ordinary Shares have been pledged by Mr McCaffery as security against a loan, as announced on 20 April 2016. \n(2) 1,457,000 of these Ordinary Shares ar...