MAR Mar City

TIDMMAR

RNS Number : 6286V

Mar City PLC

16 December 2013

16 December 2013

Mar City PLC

('Mar City' or 'the Company')

Result of General Meeting

Mar City (AIM: MAR.L), the London and Midlands focused house builder, is pleased to announce that at its General Meeting, held for the purposes of approving, inter alia, the Placing and Acquisitions (details of which were set out in the Circular to shareholders dated 28 November 2013), all of the resolutions were duly passed.

Completion of the acquisition of Mar City Land Limited and the Placing will now proceed in accordance with the terms of the Acquisition Agreement and the Placing Agreement. One condition precedent has yet to be satisfied in relation to the acquisition of land at Radford Road, Nottingham pursuant to the Property Acquisition Agreement. This condition is expected to be satisfied shortly.

All capitalised terms in this announcement are as defined in the Circular which is available on the Company's website at www.marcityplc.com.

Dealing and share capital

Application has been made for the Consideration Shares, Placing Shares and the shares being issued pursuant to the Loan Conversions to be admitted to trading on AIM. It is expected that such Admission will become effective and that dealings will commence at 8:00 a.m. on 17 December 2013.

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue and allotment of the New Ordinary Shares, its issued share capital will comprise 1,102,929,244 Ordinary Shares of 0.25 pence each. All of the Ordinary Shares have equal voting rights. The total number of voting rights in the Company is therefore 1,102,929,244.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Directors' interests

Following Admission of the New Ordinary Shares the Directors have the following interests in the voting share capital of the Company.

 
 Name                     Total Number      Percentage 
                           of Ordinary    (%) of Share 
                                Shares         Capital 
-----------------------  -------------  -------------- 
 Maggie Ryan               259,042,714           23.49 
 Tony Ryan                 218,376,048           19.80 
 Mar City Developments 
  Limited*                  31,508,296            2.86 
 Hamilton Anstead           75,742,660            6.87 
 Marcus Jones                  937,500            0.09 
 

* A related party of Maggie Ryan and Tony Ryan

 
  Enquiries: 
 
   Mar City PLC                                    www.marcityplc.com 
   Hamilton Anstead, Non-Executive 
    Chairman                                     +44 (0) 7798 646 100 
   Marcus Jones, Finance Director                +44 (0) 20 7408 1102 
 
   WH Ireland Limited, NOMAD and                 www.wh-ireland.co.uk 
    Joint Broker 
   Mike Coe                                      +44 (0) 117 945 3470 
 
   Shore Capital, Joint Broker                        www.shorecap.gg 
   Dru Danford/Stephane Auton                    +44 (0) 20 7408 4090 
 
   Gable Communications               marcity@gablecommunications.com 
    John Bick/Justine James                      +44 (0) 20 7193 7463 
                                                 +44 (0) 7872 061 007 
 
 
 
 
 
 
 
 
 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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