Business
Result of General Meeting and Issue of Equity
Result of General Meeting and Issue of Equity.
About this update from Venture Life Group Plc
[{"type":"text","content":"\n \nRNS Number : 6434Q Venture Life Group PLC 01 March 2016 \n\nVenture Life Group PLC\n \n(\"Venture Life\" or the \"Company\")\n \nResult of General Meeting and Issue of Equity\n \nBracknell, UK - 1 March 2016: Venture Life Group plc (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the ageing population, is pleased to announce that at its General Meeting today, held in connection with the proposed Placing, Convertible Bond Issue and proposed acquisition of Periproducts Limited (the \"Proposals\"), as announced on 12 February 2016, all resolutions were duly passed.\n \nThe 2,428,572 Placing Shares will be allotted and issued, credited as fully paid and will be identical to and rank pari passu in all respects with the Existing Ordinary Shares. Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on or around 3 March 2016.\n \nThe number of Ordinary Shares in issue and the total voting rights in the Company following the Placing will be 36,832,106. The Company does not hold any Ordinary Shares in treasury. This figure of 36,832,106 may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \nThe timetable of expected events for the Proposals is unchanged and is set out below. Unless otherwise defined herein, terms defined in the circular posted to shareholders on 12 February 2016 and available on the Company's website (www.venture-life.com/investor-relations/regulatory-news) shall have the same meanings in this announcement.\n \nEXPECTED TIMETABLE OF PRINCIPAL EVENTS\n \n\n\n\n\nConvertible Bond auction closes\n\n\n4.30 p.m. on 2 March 2016\n\n\n\n\nAdmission to AIM of the Placing Shares \n\n\n8.00 a.m. on 3 March 2016\n\n\n\n\nCompletion of the acquisition of Periproducts Limited\n\n\n3 March 2016\n\n\n\n\nCREST accounts to be credited for Placing Shares\n\n\n3 March 2016\n\n\n\n\nIs...