Business
Result of General Meeting, Issue of Equity, TVR
Result of General Meeting, Issue of Equity, TVR.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1619I Reabold Resources PLC 19 March 2018 \n\nReabold Resources plc (\"Reabold\" or the \"Company\")\nResult of General Meeting\nIssue of Equity\nTotal Voting Rights\n \nReabold, the AIM-listed strategic investor in pre-cash flow upstream oil and gas projects, is pleased to announce that at the general meeting (\"GM\") held earlier today, all resolutions were passed.\nAccordingly, authorities have been granted to the directors to allot new ordinary shares up to an aggregate nominal amount of £1,305,083 on a non pre-emptive basis.\n \nOn 28 February 2018, the Company announced a proposed subscription for a total of 1,305,083,333 new ordinary shares of 0.1 pence each (the \"Ordinary Shares\") in the capital of the Company (the \"Placing Shares\") at a price of 0.6 pence per Placing Share (the \"Placing Price\") to raise, in aggregate, £7.83 million (before expenses) (the \"Placing\") conditional on Shareholder approval being given at the GM. \nFollowing the default of a Placee, as a result of being placed in insolvency, the final number of Ordinary Shares subscribed for under the placing is 1,291,750,000 (the \" Final Placing Shares\") at the Placing Price thereby raising £7.75 million (before expenses)\nFurther to Shareholder approval being given today, the Final Placing Shares, will be issued and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.\nApplication has been made for the Final Placing Shares to be admitted to trading on the AIM market (\"AIM\") of London Stock Exchange plc (the \"London Stock Exchange\"), (\"Admission\"), and Admission is expected to take place on or around 20 March 2018.\nSettlement for the Final Placing Shares, and Admission is expected to take place on or before 8.00 a.m. on 20 March 2018. \nTotal Voting Rights\nFollowing the issue of the 1,291,750,000 Final Placing Shares, the issued share capital of the Company consists of 2,832,165,896 Ordinary Shares of 0.01 pence each with voting rights. No Ordinary Shares are held in Treasury.\nThe above figure of 2,832,165,896 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to...