Tau Capital PLC Result of Extraordinary General Meeting (4619V)
08 Abril 2019 - 7:51AM
UK Regulatory
TIDMTAU
RNS Number : 4619V
Tau Capital PLC
08 April 2019
8 April 2019
Tau Capital plc
("Tau" or the "Company")
Result of Extraordinary General Meeting
Update on Placing, Distribution of Cash and Prospective Board
Changes
Further to the Company's announcement made on 15 March 2019, Tau
announces that at the Company's Extraordinary General Meeting, held
earlier today, all resolutions proposed (the "Resolutions") were
duly passed.
Accordingly, it is expected that Admission will become effective
and dealings in the Placing Shares and the New Ordinary Shares of
no par value will commence, at 8:00 am tomorrow, 9 April 2019. It
is expected that the distribution of Net Cash will be completed by
12 April 2019.
It is anticipated that the prospective Board changes, as
detailed in the Company's circular to Shareholders dated 15 March
2019 (the "Circular") will occur at a point this week. Further
announcements in this respect will be made in due course.
Following Admission, the Company's issued ordinary share capital
will comprise 198,984,680 New Ordinary Shares of no par value
(including the Placing Shares). The Company does not hold any
shares in treasury. This figure (198,984,680) 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 Company under the FCA's
Disclosure Guidance and Transparency Rules.
As described in the Circular, upon Admission, the Company will
grant a total of 1,989,846 warrants over New Ordinary Shares to
Allenby Capital Limited, pursuant to an agreement dated 9 December
2016. Each warrant will entitle Allenby Capital Limited to
subscribe for one New Ordinary Share at an exercise price of
US$0.001, being equal to the Placing Price, at any time until the
date that is three years from Admission (the "Warrant Shares").
The results of voting on the Resolutions were as follows:
Resolution Votes for* % Votes against Votes total Votes withheld**
Resolution
1 30,750,626 100 Nil 30,750,626 Nil
Resolution
2 30,750,626 100 Nil 30,750,626 Nil
Resolution
3 30,750,626 100 Nil 30,750,626 Nil
*Includes discretionary votes.
**A vote withheld is not a vote in law and is not counted in the
calculation of the proportion of votes "For" or "Against" any of
the resolutions.
As at today's date, the Company has 48,984,680 Ordinary Shares
in issue, each with one voting right. There are no treasury shares
in the Company.
Defined terms used but not defined in this announcement have
their meanings set out in the Circular.
Further information, please contact:
FIM Capital Limited
Philip Scales Tel: +44 (0) 1624 681250
Allenby Capital Limited (Nominated Tel: +44 (0) 203 328 5656
Adviser and Joint Broker)
John Depasquale / Alex Brearley
Tel: +44 (0) 207 469 0933
Peterhouse Capital Limited (Joint
Broker)
Lucy Williams / Eran Zucker
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
ROMLLFSISAITIIA
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April 08, 2019 06:51 ET (10:51 GMT)
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