Bglobal PLC Irrevocable Undertaking (5000M)
July 16 2014 - 7:29AM
UK Regulatory
TIDMBGBL
RNS Number : 5000M
Bglobal PLC
16 July 2014
Bglobal plc ('Bglobal' or the 'Company')
Irrevocable Undertaking
Further to the announcement made on 10 July 2014 relating to the
proposed return of capital to shareholders of 11 pence per ordinary
share, the delisting, the change of name and notice of general
meeting, Bglobal is pleased to announce that it has received an
irrevocable undertaking from Peter Kennedy, the Company's largest
shareholder, to vote in favour of the resolutions to be proposed at
the general meeting of the Company on 30 July 2014.
Peter Kennedy's irrevocable undertaking is in respect of
25,150,814 ordinary shares in the Company representing 23.63 per
cent of the issued share capital of the Company.
Following the receipt of this irrevocable undertaking, Bglobal
has received irrevocable undertakings to vote in favour of the
resolutions at the general meeting from Directors and certain other
shareholders in respect of their shareholdings, amounting in
aggregate to 47,987,184 ordinary shares representing 45.08 per cent
of the issued share capital of the Company.
The general meeting to approve the proposed return of capital to
shareholders of 11 pence per ordinary share, the delisting and the
change of name will be held at the offices of Travers Smith LLP, 10
Snow Hill, London EC1A 2AL at 10.00 a.m. on 30 July 2014.
For further information, please contact:
John Grant, Executive Mark Taylor Rebecca Sanders-Hewett
Chairman Laura White Dwight Burden
Tim Jackson-Smith, CEO Charles Stanley Securities David Ison
Bglobal plc Nominated Adviser and Redleaf Polhill
Tel: 01254 819 600 Broker Tel: 020 7382 4730
Tel: 020 7149 6000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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