Bglobal PLC Result of General Meeting (7457N)
July 30 2014 - 6:53AM
UK Regulatory
TIDMBGBL
RNS Number : 7457N
Bglobal PLC
30 July 2014
30 July 2014
Bglobal plc ('Bglobal', the 'Group' or the 'Company')
Result of General Meeting
Bglobal plc (the "Company") announces that at the General
Meeting held earlier today all of the resolutions were passed. The
proxy results were as follows:
Resolution Total Total Total
Votes For Votes Votes
* Against Withheld
1 To approve the amendment of the articles of association of the Company 72,651,969 2,341 0
(100.00%) (0.00%)
------------------------------------------------------------------------------------- ----------- --------- ---------
2 To capitalise the reserves and grant the directors authority to allot B Shares 72,651,469 2,841 0
(100.00%) (0.00%)
------------------------------------------------------------------------------------- ----------- --------- ---------
3 To approve the reduction of capital 72,645,469 8,841 0
(99.99%) (0.01%)
------------------------------------------------------------------------------------- ----------- --------- ---------
4 To approve the cancellation of the Company's shares from admission to trading on AIM 72,641,469 12,841 0
(99.98%) (0.02%)
------------------------------------------------------------------------------------- ----------- --------- ---------
5 To approve the change of name of the Company 72,651,969 2,341 0
(100.00%) (0.00%)
------------------------------------------------------------------------------------- ----------- --------- ---------
* Includes discretionary votes
A further announcement will be made on 20 August 2014, the
expected date of the Court hearing to approve the capital
reduction. Subject to approval by the Court, it is expected that B
Shares will be issued after 6.00 p.m on 22 August 2014 and each B
Share will be redeemed by the Company for 11 pence by 26 August
2014 and cancelled by the Company on redemption. It is expected
that the redemption proceeds will be sent to relevant Shareholders
by 5 September 2014. Further details of the B Share Scheme are
contained in the Circular posted to Shareholders on 2014.
It is expected that the admission of the Ordinary Shares to
trading on AIM will be cancelled with effect from 7.00 a.m. on 2
September 2014. Accordingly, trading in Ordinary Shares on AIM will
cease at the close of business on 1 September 2014.
Commenting on the result, John Grant, Executive Chairman stated,
"I would like to reiterate my thanks to shareholders for their
support".
- Ends-
For further information, please contact:
John Grant, Executive Mark Taylor Rebecca Sanders-Hewett
Chairman Laura White Dwight Burden
Tim Jackson-Smith, Charles Stanley Securities David Ison
CEO Nominated Adviser and Redleaf Polhill
Bglobal plc Broker Tel: 020 7382 4730
Tel: 01254 819 600 Tel: 020 7149 6000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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