Business
Result of GM & Open Offer & Total Voting Rights
Result of GM & Open Offer & Total Voting Rights.
About this update from Solid State Plc
[{"type":"text","content":"\n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER ARTICLE 7 OF THE EU REGULATION 596/2014 AS IT FORMS PART OF THE UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n \n \n \n 29 July 2022\n \n \n \n \n \n \n \n \n Solid State plc\n \n \n \n \n \n \n (\"Solid State\", the \"\n \n Group\n \n \" or the \"Company\"\n )\n \n \n \n \n \n \n \n \n \n \n \n \n \n Result of General Meeting and Open Offer\n \n \n \n \n Total Voting Rights\n \n \n \n \n \n \n \n \n Solid State (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power and communications products, announces that the Resolution put to Shareholders at the General Meeting held earlier today in connection with the Placing, Open Offer and Directors' Subscription to inter alia fund the Initial Consideration of the Acquisition of Custom Power, was duly passed\n . \n Accordingly, the Fundraising announced on 12 July 2022 is expected to complete, conditional on Admission, on 2 August 2022. Completion of the Acquisition of Custom Power is expected to take place on or around 5 August 2022. The results of the voting will be included on the Company's website in due course,\n \n \n www.solidstateplc.com\n \n \n .\n \n \n \n \n \n The Open Offer closed for applications, in accordance with its terms, at 11.00 a.m. on 28 July 2022 and the Company announces that valid applications, for both Basic Entitlements and Excess Applications were received from Qualifying Shareholders for a total of 182,322 New Ordinary Shares. As a result, a total of 182,322 New Ordinary Shares will be issued in connection with the Open Offer. All valid application of Qualifying Shareholders' Basic Entitlements and Excess Applications will be met in full.\n \n \n \n \n \n \n \n \n The total amount raised in the Fundraising is approximately £28.26 million (before expenses) by way of:\n \n \n \n \n \n \n a Placing of 2,561,048 New Ordinary Shares at 1,025 pence per share to raise approximately £26.25 million (before expenses);...