This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.
Bigblu Broadband plc
("BBB" or the "Company")
Result of AGM
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultrafast broadband services, announces that at its Annual General Meeting held yesterday, all resolutions were duly passed.
The results for each resolution were as follows:
| Resolution | For | % | Against | % | Vote Total | Vote Total as % of Issued Share Capital | Withheld* |
| 1. To receive adopt the accounts of the Company for the period ended 30th November 2020 | 27,863,218 | 99.98 | 5,333 | 0.02 | 27,868,551 | 48.39 | 160 |
| 2. To re-elect Philip Moses as a Director | 27,862,552 | 99.98 | 4,928 | 0.02 | 27,867,480 | 48.39 | 1,231 |
| 3. To re-elect Frank Waters as a Director | 27,864,042 | 99.99 | 2,938 | 0.01 | 27,866,980 | 48.39 | 1,731 |
| 4. To re-appoint Haysmacintyre LLP as auditors | 27,864,561 | 99.99 | 1,500 | 0.01 | 27,866,061 | 48.39 | 2,650 |
| 5. To authorise the Directors to allot shares in the Company pursuant to Section 551 of the Companies Act 2006 ** | 27,856,627 | 99.96 | 11,924 | 0.04 | 27,868,551 | 48.39 | 160 |
| 6. To authorise the Directors to allot equity securities pursuant to Section 570 of the Companies Act 2006 in connection with an issue in favour of shareholders** | 27,858,004 | 99.96 | 10,047 | 0.04 | 27,868,051 | 48.39 | 660 |
* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.
**Indicates Special Resolution
For further information:
| Bigblu Broadband Group PLC | |
| Andrew Walwyn, Chief Executive Officer Frank Waters, Chief Financial Officer
| Via Walbrook PR |
| finnCap (Nomad and Broker) Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Tim Redfern / Richard Chambers (ECM)
| Tel: +44 (0)20 7220 0500 |
| Walbrook PR (PR / IR Advisers) | Tel: +44 (0)20 7933 8780 or |
| Nick Rome/Tom Cooper/Nicholas Johnson |
About Bigblu Broadband plc
Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative super-fast broadband solutions throughout Europe and Australia. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre.
High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative super-fast broadband services increases around the world.
Acquisitive and organic growth have enabled BBB to grow rapidly since inception in 2008 during which time the Company has completed 21 acquisitions across nine different countries. It is extremely well positioned to continue growing as it targets customers that are trapped in the 'digital divide' with limited fibre broadband options.
BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers ongoing services including hardware supply, installation, pre and post-sale support billings and collections, whilst offering appropriate tariffs depending on each end user requirements.
Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for 'video-on- demand'. Its alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart-phones via a normal wired or wireless router.
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