Market Abuse Regulation (MAR)
Disclosure
Certain information contained in this announcement would have been
deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement
13 November
2019
MediaZest plc
(“MediaZest”, the “Company” or the “Group”)
Result of General
Meeting
&
Total Voting Rights
MediaZest (AIM: MDZ), the creative audio-visual company, is
pleased to announce that all resolutions were duly passed at the
Group’s General Meeting which was held earlier today.
Share Capital Reorganisation
Following the passing of the resolutions at the General Meeting,
each of the Company's 1,396,425,774 Existing Ordinary Shares will
be sub-divided into one New Ordinary Share of 0.01p (the “New
Ordinary Shares”) and one deferred share of 0.09p ("New A Deferred
Shares"). The New A Deferred Shares will have no value or
voting rights and subscribers will not be issued with a share
certificate in respect of the New A Deferred Shares. The New
Ordinary Shares will continue to carry the same rights as attached
under the Articles to the Existing Ordinary Shares, save for the
reduction in nominal value. The meeting also considered the
position of the company in accordance with section 656 of the
Companies Act, no further action was recommended.
Admission to AIM and Total Voting
Rights
Dealings on AIM in the Existing Ordinary Shares will cease at
the close of business on 13 November
2019. Application has been made for the admission of
1,396,425,774 New Ordinary Shares to trading on AIM (the
“Admission”) and it is expected that Admission will take place and
that trading in the New Ordinary Shares will commence, at
8.00 a.m. on 14 November 2019. No application will be
made for admission of the New A Deferred Shares to trading on AIM
nor will any such application be made to any other exchange.
Following Admission, there will be a total of 1,396,425,774 New
Ordinary Shares, with voting rights, in issue. The Company
does not hold any shares in treasury. Consequently,
1,396,425,774 is the figure which may be used by shareholders as
the denominator for the calculation 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.
Unless otherwise indicated, all defined terms in this
announcement shall have the same meaning as described in the
Company’s announcement dated 28 October
2019 and the Circular which was posted to shareholders on
the same day.
Enquiries: |
|
MediaZest Plc
Geoff Robertson
Chief Executive Officer |
0845 207 9378 |
SP Angel Corporate Finance LLP
Nominated Adviser
David Hignell / Stephen Wong |
020 3470 0470 |
Hybridan LLP
Broker
Claire Noyce |
020 3764 2341 |
Notes to Editors:
About MediaZest
MediaZest is a creative audio-visual systems integrator that
specialises in providing innovative marketing solutions to leading
retailers, brand owners and corporations, but also works in the
public sector in both the NHS and Education markets. The Group
supplies an integrated service from content creation and system
design to installation, technical support, and maintenance.
MediaZest was admitted to the London Stock Exchange's AIM market in
February 2005. For more information,
please visit www.mediazest.com.