Business
VVV Resources Limited: Notice of AGM, Underwr...
VVV Resources Limited: Notice of AGM, Underwr....
About this update from Vvv Sports Limited
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nVVV Resources Limited (VVV)\n\n\n\n\n\n\nVVV Resources Limited: Notice of AGM, Underwritten Subscription (“Subscription”) to raise £900,000, Change of Name and Investment Strategy, Resignation of Director 13-May-2025 / 15:00 GMT/BST\n\n\n13 May 2025\n\nVVV Resources Limited\n\n(\"VVV\" or the \"Company\")\n\n \n\nNotice of Annual General Meeting (“AGM”)\n\nUnderwritten Subscription (“Subscription”) to raise £900,000, Change of Name and Investment Strategy, Resignation of Director\n\n \n\nVVV Resources Limited (AQSE: VVV), quoted on the Aquis Growth Market, is pleased to announce that the Annual General Meeting of the Company will be held at the offices of Peterhouse Capital Ltd, Third Floor, 80 Cheapside, EC2V 6EE, London, United Kingdom at 10:00 a.m. on 9 June 2025.\n\nThe Notice of AGM and Proxy Form will shortly be available at: https://www.vvvresources.co.uk/ \n\n \n\nUnderwritten subscription\n\nSubject to the Resolutions being passed at the AGM, Campana Investments Limited (“Campana”) has underwritten the Subscription of £900,000, through the issuance of 90,000,000 new ordinary shares of no par value (“Ordinary Shares”), at £0.01 per share. Prior to the Annual General Meeting, Campana will have the right to procure other subscribers to participate in the Subscription, subject to satisfactory anti-money laundering requirements and due diligence. A further update will be provided shortly after the Annual General Meeting. \n\n \n\nIn consideration for underwriting the Subscription, Campana will receive:\n\n \n\nan underwriting commission equal to £90,000; \n \n\none warrant for each new Ordinary Share subscribed pursuant to the Subscription, exercisable at £0.012, valid for three years from Admission and which will vest on Admission.\n \n\nAs announced on 17 April 2025, Campana has already subscribed to £100,000 of Ordinary Shares at £0.01 per share, with warrants on the same terms as the Subscription.\n\n \n\n \n\nProposed Name Change and Strategy\n\nThe Annual General Meeting will consider, inter alia, amendments to the Investment Strategy and a name change of the Company to VVV Sports Limited that has been secured. In addition, the domains vvvsport.vg and vvvsports.vg have been registered. \n\n \n\nThe proposed Invest...