Anglo African Ag PLC Notice of GM
November 06 2018 - 12:23PM
UK Regulatory
TIDMAAAP
6 November 2018 For Immediate Release
Anglo African Agriculture plc
("AAA" or the "Company")
Notice of General Meeting.
As announced on 14 September 2018, the Company raised GBP805,000 in a Fundraising
comprising the issue of 161,000,000 new ordinary shares of 0.1p (the
"Subscription") at 0.50p per Subscription Share (the "Subscription Price") and
issue of GBP250,000 of convertible loan notes for 50,000,000 loan notes of 0.50p
(the "Loan Notes") with a conversion price of 0.75p (the "Conversion Price").
Warrants were attached to the Subscription Shares on a 1-for-1 basis, with an
exercise price of 1.0p per ordinary share and expire 12 months from allotment
of the Subscription Shares (the "Subscription Warrants"). Further, warrants
will be attached to any new ordinary shares that are issued as a result of
conversion of any Loan Notes, on a 1-for-1 basis on the same terms as the
Subscription Warrants ("Loan Note Warrants"). A maximum of 194,333,333 new
ordinary shares could potentially be issued in the event that all Subscription
Warrants and Loan Note warrants are exercised.
As was stated in that announcement, a General Meeting was to be convened by the
Company in due course, order to provide sufficient headroom for the exercise of
the Subscription Warrants and the Conversion Warrants.
AAA gives notice that the General Meeting of the Company is to be held at
10.30am GMT at the offices of VSA Capital, New Liverpool House, 15-17 Eldon
Street, London, EC2M 7LD on Tuesday 27 November 2018.
Information on the resolutions to be voted on at the General Meeting can be
found in the Notice of General Meeting that, along with forms of proxy, has
been posted to shareholders and is available on the Company's website http://
www.aaaplc.com/ .
For further information please contact:
Anglo African Agriculture plc +44 (0) 20 7440 0640
David Lenigas, Non-Executive Chairman
Rob Scott, Executive Director +27 (0) 84 600 6001
VSA Capital Limited (Financial Adviser and +44 (0) 20 3005 5000
Corporate Broker)
Andrew Raca
END
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