Adams has confirmed that all resolutions were passed by shareholders at today's Extraordinary General Meeting.
Accordingly, the Rule 9 waiver has been approved and the Underwritten Open Offer will now proceed to completion.
The Company also confirmed that it has received valid applications in respect of 3,624,144 Open Offer Shares raising £90,603.
The applications included an application by Richard Griffiths for 2,697,202 Open Offer Shares.
The remaining 37,652,472 Open Offer shares have all been taken up by Richard Griffiths pursuant to the Underwriting Agreement, raising a further £941,312 for the Company.
Consequently, the total gross proceeds of the Open Offer are £1,031,915 (before expenses).
At 1:08pm: (LON:ADA) Adams Plc share price was 0p at 0.07p