Business
Result of GM, Open Offer & PDMR Dealings
Result of GM, Open Offer & PDMR Dealings.
About this update from Mirriad Advertising Plc
[{"type":"text","content":"\n\n2 June 2023\n \n \nMirriad Advertising plc\n \n(\"Mirriad\" or the \"Company\")\n \n \nResults of General Meeting, Open Offer, PDMR Dealings and Total Voting Rights\n \nMirriad, the leading in-content advertising company, is pleased to announce that at its General Meeting held earlier today all resolutions, as set out in the Circular dated 16 May 2023 relating to a conditional Placing to raise £5.75 million (before expenses) and an Open Offer to raise up to an additional £2 million (before expenses), were duly passed. The proxy votes received from Shareholders on each Resolution were as follows:\n \n\n\n\n\n\n\nFor\n\n\nAgainst\n\n\nWithheld\n\n\n\n\nVotes\n\n\n%\n\n\nVotes\n\n\n%\n\n\n \n\n\n\n\nOrdinary Resolution\n\n\n\n\n\n\n\nTo authorise the directors to allot ordinary shares\n\n\n145,647,535\n\n\n99.91\n\n\n133,476\n\n\n0.09\n\n\n89,277\n\n\n\n\nSpecial Resolution\n\n\n\n\n\n\n\nTo disapply Section 561 of the Companies Act 2006\n\n\n145,492,435\n\n\n99.78\n\n\n320,576\n\n\n0.22\n\n\n67,277\n\n\n\n \nThe number of Ordinary Shares in issue on 2 June 2023 was 279,180,808. Shareholders were entitled to one vote per share.\n \nAccordingly, the Placing and the Open Offer are expected to complete, conditional on Admission, at 8.00 a.m. on 5 June 2023 (or such later time and/or date as Panmure Gordon, Baden Hill and the Company may agree, but in any event by no later than 8.00 a.m. on 30 June 2023).\n \nResult of the Open Offer\n \nThe Company is also pleased to announce that it has raised £0.55 million via the Open Offer and, accordingly, has raised total gross proceeds of approximately £6.30 million through the Placing and Open Offer.\n \nThe Open Offer closed for acceptances at 11.00 a.m. on 1 June 2023. Valid acceptances have been received in respect of 18,461,929 Open Offer Shares, representing approximately 27.69 per cent. of the Open Offer Shares available under the Open Offer. In accordance with the terms and conditions of the Open Offer, all applications made pursuant to the Open Offer (and Excess Shares applied for under the Excess Application Facility) have been met in full. The Company has therefore raised gross proceeds of approximately £0.55 million through the Open Offer.\n \nDirectors' Dealings\n \nAs set out in the Circular dated 16 Ma...