Business
Result of General Meeting
Result of General Meeting.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \nRNS Number : 6528X Mercia Asset Management PLC 20 December 2019 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF IRELAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n20 December 2019 \nMercia Asset Management PLC\n(\"Mercia\" or the \"Company\")\nResult of General Meeting\n \nMercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, is pleased to announce that, further to the announcements made on 3 December 2019, at the General Meeting held earlier today at 10.00 a.m. (UK time), all resolutions were duly passed. Accordingly, it is expected that Admission will become effective and dealings in the Placing Shares will commence at 8.00 a.m. on 23 December 2019, with admission of the Initial Consideration Shares expected to become effective by no later than 8.00 a.m. on 30 December 2019.\n \nIssue of Equity, Admissions and Total Voting Rights \nA total of 136,800,000 New Ordinary Shares are being issued and allotted pursuant to the Placing and Acquisition, comprising of 120,000,000 Placing Shares and 16,800,000 Initial Consideration Shares. The Placing Shares and the Initial Consideration Shares are being credited as fully paid and will be identical to and rank pari passu in all respects with the existing Ordinary Shares.\nFollowing Admission of the Placing Shares, the issued share capital of the Company will consist of 423,309,707 Ordinary Shares, with one voting right each. Following the admission of the Initial Consideration Shares, the issued share capital of the Company will increase to 440,109,707 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.\nThe above figures may be used by shareholders in the Company, following completion of the Placing and/or the Acquisition (as appropriate), as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\nThe...