Source - RNS
RNS Number : 4644T
Reabold Resources PLC
12 October 2017
 

 

For immediate release

12 October 2017

 

 

Reabold Resources plc ("Reabold" or the "Company")

Result of General Meeting

Issue of Equity

Total Voting Rights

 

Reabold, the AIM listed investment company operating in the natural resources sector, is pleased to announce that at the general meeting ("GM") held earlier today, all resolutions were passed.

Accordingly, authorities have been granted to the directors to allot new ordinary shares up to an aggregate nominal amount of £1,000,000 on a non pre-emptive basis.

 

On 2 October 2017, the Company announced a proposed subscription for a total of 352,000,000 new ordinary shares of 0.1 pence each (the "Ordinary Shares") in the capital of the Company (the "Subscription Shares") at a price of 0.5 pence per Subscription Share (the "Subscription Price") to raise, in aggregate, £1.76 million (before expenses) (the "Subscription") conditional on Shareholder approval being given at the GM. 

Further to Shareholder approval being given today, the Subscription Shares, will be 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 issue.

Application has been made for the Subscription Shares to be admitted to trading on the AIM market ("AIM") of London Stock Exchange plc (the "London Stock Exchange"), ("Admission"), and Admission is expected to take place on or around 13 October 2017.

Settlement for the Subscription Shares, and Admission is expected to take place on or before 8.00 a.m. on 13 October 2017. 

Total Voting Rights

Following completion of the Subscription, the number of shares in issue will be 1,540,415,896.  

 

 

Enquiries:

Reabold Resources plc

 

Sachin Oza

Stephen Williams

Anthony Samaha

 

C/o Camarco

Tel:  020 3757 4980

 

Beaumont Cornish Limited

Roland Cornish

Felicity Geidt

Tel:  020 7628 3396

Whitman Howard Limited

Nick Lovering

Grant Barker

Tel: 020 7659 1234

Turner Pope Investments (TPI) Ltd - Joint Broker

Andy Thacker

Tel: 020 3621 4120

Camarco

Billy Clegg

James Crothers

Oliver Head

Tel:  020 3757 4980

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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