Business
Proposed disposal: Increased Shareholder Support
Proposed disposal: Increased Shareholder Support.
About this update from Thruvision Group Plc
[{"type":"text","content":"\n \nRNS Number : 3744T Digital Barriers plc 12 October 2017 \n\n12 October 2017\nDigital Barriers plc\n \nProposed disposal of Video Business\n \nIncreased Shareholder support\n \nDigital Barriers plc (AIM: DGB) (\"Digital Barriers\", the \"Company\" or, together with its subsidiary undertakings, the \"Group\"), the specialist provider of visually intelligent technologies to the global surveillance, security and safety markets, announced on 9 October 2017 that it has conditionally agreed to sell the entire issued share capital of the Existing Group's Video Business to Volpi for a maximum aggregate consideration of up to £27.5 million in cash (the \"Disposal\").\nA circular (the \"Circular\") containing, amongst other things, further details of the proposed Disposal and the notice of the General Meeting to be held at the offices of Osborne Clarke LLP, One London Wall, London EC2Y 5EB at 10.00 a.m. on 26 October 2017 was also posted to shareholders on 9 October 2017.\n \nDefined terms used in the Circular have the same meanings in this announcement, save where the context provides otherwise.\n \nSince the posting of the Circular, further commitments to vote in favour of the Resolution to approve the Disposal at the General Meeting have been received by the Company from Shareholders such that the updated position to that described in the Circular is as follows:\n \nThe following Shareholders have given irrevocable undertakings to vote in favour of the Resolution to approve the Disposal:\n \n· the Independent Directors in respect of their beneficial holdings amounting, in aggregate, to 11,222,677 Ordinary Shares, representing approximately 6.8 per cent. of the existing issued share capital of the Company;\n \n· Quantum Partners LP in respect of 8,121,686 Ordinary Shares held or managed by it, representing 4.9 per cent. of the existing issued share capital of the Company;\n \n· Henderson Global Investors Limited in respect of 8,684,489 Ordinary Shares held or managed by it, representing 5.3 per cent. of the existing issued share capital of the Company; and\n \n· Herald Investment Management Limited in respect of 15,329,712 Ordinary Shares held or managed by it...