Business
Result of General Meeting & TVR
Result of General Meeting & TVR.
About this update from Pci-pal Plc
[{"type":"text","content":"\n \n \n RNS Number : 0509K\n PCI-PAL PLC\n 17 April 2020\n \n \n \n \n \n PCI-PAL PLC\n \n \n (\"PCI Pal\", \"the Company\" or \"the Group\")\n \n \n \n \n \n Result of General Meeting\n \n \n and Total Voting Rights\n \n \n \n \n \n PCI-PAL PLC (AIM: PCIP), the global provider of secure payment solutions, announced on 27 March 2020 a placing to raise £5.0 million (before expenses) through the issue of 16,666,667 new ordinary shares of 1 pence each (the \"Placing Shares\").\n \n \n \n \n \n The issue of the Placing Shares was conditional, inter alia, on Shareholder approval at a General Meeting. The Company is pleased to announce that at the General Meeting of its Shareholders held earlier today all Resolutions were duly passed.\n \n \n \n \n \n Full details of the Resolutions were set out in the Circular published by the Company on 30 March 2020. The Circular is available for inspection in electronic form on the Company's website, \n \n \n www.pcipal.com/\n \n \n .\n \n \n \n \n \n Total Voting Rights\n \n \n \n \n \n Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM and it is expected that Admission will be effective and dealings will commence in respect of the Placing Shares at 8.00 a.m. on 20 April 2020.\n \n \n \n \n \n Following Admission, the Company's issued share capital will consist of 59,387,845 Ordinary Shares. The Company holds 167,229 Ordinary Shares in Treasury, therefore on Admission the total number of voting rights will be 59,220,616. This figure may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \n \n \n \n \n Defined terms used in this announcement have the meanings ascribed to them in the circular to shareholders dated 30 March 2020 unless otherwise defined.\n \n \n \n \n \n Commenting on the successful placing, James Barham, Chief Executive Officer of PCI Pal, said:\n \n \n \n \n \n \"We are delighted to have received shareholder approval for this fundraise which has been well supported by our existing investors; and we welcome our new investors on-board as well. \n \n \n &...