Business
Result of General Meeting and Total Voting Rights
Result of General Meeting and Total Voting Rights.
About this update from Malvern International Plc
[{"type":"text","content":"\n \n \n 2 November 2022\n \n \n \n MALVERN INTERNATIONAL PLC\n \n \n \n (\"Malvern\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n Result of General Meeting\n \n \n \n \n and\n \n \n \n \n Total Voting Rights\n \n \n \n \n \n \n \n \n Malvern International plc (AIM: MLVN), the global learning and skills development partner, is pleased to announce that at its General Meeting held earlier today all the resolutions proposed, were duly passed. Details of the resolutions were set out in a circular to shareholders dated 17 October 2022 (the \"Circular\"). Results of the proxy voting will be available on the Company's website in due course.\n \n \n \n \n \n All capitalised terms in this announcement are as defined in the Circular which in addition to the Notice of General Meeting and other relevant documents, are available on the Company's website,\n \n \n www.malverninternational.com\n \n \n .\n \n \n \n \n \n Share Reorganisation and New Ordinary Shares\n \n \n \n \n \n Following the General Meeting, 9,312 new Ordinary Shares will be issued at a price of 0.1 pence per share to ensure that as part of the Share Reorganisation an exact whole number of New Consolidated Shares will be issued. At the Share Reorganisation Record Date, the 2,194,240,000 Existing Ordinary Shares will be consolidated into New Consolidated Ordinary Shares each on the basis of one New Consolidated Ordinary Share for each 20,000 Existing Ordinary Shares. Each New Consolidated Ordinary Share will then be sub-divided into 200 New Ordinary Shares and 1,800 New Deferred Shares. Immediately following the Share Reorganisation, the Company's issued ordinary share capital will comprise 21,942,400 Ordinary Shares of 0.1p each.\n \n \n \n \n \n The closing mid-market price of an Existing Ordinary Share on 1 November 2022 was 0.095 pence which, had the Share Reorganisation occurred at that time, would be equivalent to a price of 9.5 pence per New Ordinary Share.\n \n \n \n \n \n Application has been made for the 21,942,400 New Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 3 November 2022 at 8 a.m. The New Ordinary Shares will trade under the ISIN: GB00BNBVJZ07 and SEDOL: BNBVJZ0.\n \n \n \n \n \n Existing share certificates will cease to be valid following the Share Reor...