Sula Iron & Gold PLC Result of General Meeting (3537A)
December 27 2017 - 5:37AM
UK Regulatory
TIDMSULA
RNS Number : 3537A
Sula Iron & Gold PLC
27 December 2017
27 December 2017
Sula Iron & Gold plc
("Sula" or the "Company")
Result of General Meeting
Sula is pleased to announce that at the general meeting of
shareholders held today all of the Resolutions were duly
passed.
Share Capital Reorganisation
As a result of the passing of the Resolutions, the Share Capital
Reorganisation has taken effect. The Placing and Subscription will
complete on Admission, which is expected to take place at 8.00 a.m.
on 28 December 2017, at which point the 6,982,974,671 new ordinary
shares with par value 0.001 pence are expected to be admitted to
trading on AIM.
The practical effect of the Share Capital Reorganisation is that
each Shareholder will receive the same number of New Ordinary
Shares as they hold in Existing Ordinary Shares without any
diminution in rights. The Share Capital Reorganisation should not
affect the market value of a Shareholder's aggregate holding of
shares in the capital of the Company.
Buy-back of the D-Beta New Shares and settlement and termination
of the Riverfort Facilities
The Company anticipates actioning the buy-back of the D-Beta New
Shares at the Placing Price out of the net proceeds of the
Fundraising shortly and a further announcement will be made on
completion.
Change of name
The Directors expect that the change of name of the Company to
African Battery Metals plc will now take place in January 2018, at
which point the TIDM will change to 'ABM'. A further announcement
will be made once the change of name has been actioned.
Defined terms in this announcement shall have the meaning set
out in the announcement dated 8 December 2017 unless the context
requires otherwise.
Enquiries:
Sula Iron & Gold plc
Roger Murphy (CEO) +44 (0) 20 7583 8304
WH Ireland Limited (Nominated Adviser and Broker)
Tim Feather / James Sinclair-Ford +44 (0) 20 7220 1666
SP Angel Corporate Finance (Broker)
Ewan Leggat +44 (0) 20 3470 0470
Blytheweigh (Public Relations)
Camilla Horsfall/Nick Elwes +44 (0) 20 7138 3224
Madini (Financial and Technical Adviser)
Iain Macpherson / Ilja Graulich +27 (0) 11 469 0629
This information is provided by RNS
The company news service from the London Stock Exchange
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