Business
Result of GM and Approval of Rule 9 Waiver
Result of GM and Approval of Rule 9 Waiver.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5802L Reabold Resources PLC 13 August 2013 \n \n\nFor Immediate Release 13 August 2013\nREABOLD RESOURCES PLC \n\"Reabold Resources\" or the \"Company\"\n \nResult of General Meeting\n \nApproval of waiver of obligations under Rule 9 of the City Code on Takeovers and Mergers\nReabold Resources announces that at the General Meeting of the Company held today, all resolutions, including the approval on a poll of the waiver under Rule 9 of the City Code on Takeover and Mergers were passed. \nJeremy Edelman, the Company's Chairman who is a director and shareholder of the Lender, is deemed to be acting in concert with the Lender for the purposes of the Takeover Code. \nJeremy Edelman currently holds 20,000,000 ordinary shares in the Company, representing an interest of 29.89 per. cent in the voting capital of the Company, and accordingly were the Loan Notes be converted in full, it would result in the Lender being interested in aggregate in up to 104,000,000 Ordinary Shares, representing up to approximately 60.85 per cent. of the Company's Fully Diluted Share Capital. The Concert Party would be interested in up to 72.55 per cent. of the Company's voting capital.\n \nFor further information please contact:\nReabold Resources plc\nJeremy Edelman +44 (0) 20 7460 2353\nAntony Samaha\n \nBeaumont Cornish Limited\nRoland Cornish &nbs...