STG Strip Tinning Holdings Plc

TIDMSTG

RNS Number : 7209Z

Strip Tinning Holdings PLC

15 January 2024

15 January 2024

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

Result of General Meeting, Issue of Equity and Total Voting Rights

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce that at the General Meeting held earlier today in connection with the Fundraising announced on 20 December 2023, all Resolutions were duly passed on a poll.

 
 No.   Resolution                              For    % For   Against   % Against   Withheld 
       To authorise the 
        Directors to allot 
        the New Ordinary 
        Shares and issue 
        the Convertible Loan 
        Notes in connection 
        with the Fundraising 
        on a non-pre-emptive 
 1      basis.                          12,438,946   99.99%       175       0.01%          - 
      -------------------------------  -----------  -------  --------  ----------  --------- 
       To authorise the 
        Directors generally 
 2      to allot shares.                12,438,946   99.99%       175       0.01%          - 
      -------------------------------  -----------  -------  --------  ----------  --------- 
       To authorise the 
        Directors to allot 
        equity securities 
        for cash on a non-pre-emptive 
 3      basis.                          12,438,946   99.99%       175       0.01%          - 
      -------------------------------  -----------  -------  --------  ----------  --------- 
       To authorise the 
        Directors to allot 
        equity securities 
        for cash on a non-pre-emptive 
        basis in connection 
        with the financing 
        of an acquisition 
        or a specified capital 
 4      investment.                     12,438,946   99.99%       175       0.01%          - 
      -------------------------------  -----------  -------  --------  ----------  --------- 
 

(1) Any proxy appointments, which gave discretion to the Chair have been included in the 'For' votes total.

(2) Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

(3) A vote "Withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against", nor in the aggregate figure of total votes cast.

Issue of Equity and Total Voting Rights

Following the passing of the Fundraising Resolution at the General Meeting and conditional on Admission, the Company will issue, in aggregate, 2,765,375 New Ordinary Shares comprising 2,500,000 Placing Shares and 265,375 Retail Offer Shares. Application has been made to the London Stock Exchange for the admission of, in aggregate, 2,765,375 New Ordinary Shares to trading on AIM ("Admission"). Admission and dealings in the New Ordinary Shares are expected to take place at 8.00 a.m. on or around 17 January 2024.

The New Ordinary Shares, when issued, will be fully paid and will rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of Admission.

Following Admission, the Company's Enlarged Share Capital will be 18,225,089 with each Ordinary Share carrying one voting right. There are no shares held in treasury and therefore, following Admission, the total number of voting rights in the Company will be 18,225,089. 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used in this announcement have the meanings given to them in the announcement made by the Company at 7.00 a.m. on 20 December 2023, unless the context provides otherwise.

Enquiries:

Strip Tinning Holdings plc Via Alma PR

Adam Robson, Executive Chairman

Richard Barton, Chief Executive Officer

Adam Le Van, Chief Financial Officer

   Singer Capital Markets (Nominated Adviser and Sole Broker)                    +44 (0) 20 7496 3000 

Rick Thompson

James Fischer

Alma (Financial PR) striptinning@almastrategic.com

Joe Pederzolli +44 (0) 20 3405 0205

Josh Royston

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMFELFFZFLZBBK

(END) Dow Jones Newswires

January 15, 2024 06:50 ET (11:50 GMT)

Strip Tinning (LSE:STG)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024

Strip Tinning (LSE:STG)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024