Sabien Technology Group PLC Notice of General Meeting (4495C)
January 19 2018 - 12:10PM
UK Regulatory
TIDMSNT
RNS Number : 4495C
Sabien Technology Group PLC
19 January 2018
For immediate release
19 January 2018
Sabien Technology Group plc
("Sabien" or the "Company")
Notice of General Meeting
Sabien Technology Group plc, the manufacturer of M1G and M2G
boiler energy efficiency technologies, announces that a General
Meeting of the Company's shareholders ("GM") will take place at
11.00 am on Wednesday, 14 February 2018 at 34 Clarendon Road,
Watford, Herts WD17 1JJ.
As reported in the audited accounts for the year ended 30 June
2017 published on 7 December 2017, the Group will continue to need
to raise additional equity funding to provide further working
capital. While calendar year-end cash balances increased to
GBP127,350 and EUR4,896 by the final payment of the Lakenheath
contract announced in June 2017, the Company plans to raise
additional equity funding in the early part of this year.
In order to enable the Company to be in a position to be able to
raise funds for the Company without undue delay and for the Board
to have the flexibility to respond quickly to favourable market
opportunities, the Board is seeking now to increase their authority
to allot shares in the Company, and for authorisation to allot
those shares as if the statutory pre-emption rights set out in the
Companies Act 2006 do not apply.
The Board is seeking authority to allot shares of up to an
aggregate nominal value of GBP500,000. This will give the Board
capacity to allot up to 100,000,000 Ordinary Shares of 0.5 pence
each. These authorities shall expire on the earlier of five years
from the date of the passing of the relevant Resolution and the
next Annual General Meeting of the Company.
A circular including notice of the GM and providing details of
the resolutions to be proposed at the GM is being posted to
shareholders and is available on the Company's website at
http://www.sabien-tech.co.uk.
This announcement is inside information for the purposes of
Article 7 of Regulation 596/20014. The person who arranged for the
release of this announcement on behalf of the Company was Alan
O'Brien, Chief Executive Officer.
For further information please contact:
Sabien Technology
Group plc
Alan O'Brien +44(0)20 7993 3700
Beaumont Cornish
Limited
Michael Cornish /
Roland Cornish
www.beaumontcornish.com
(Nominated Advisor
& Broker) +44(0)20 7628 3396
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
NOGFKCDKOBKDODD
(END) Dow Jones Newswires
January 19, 2018 12:10 ET (17:10 GMT)
Sabien Technology (LSE:SNT)
Historical Stock Chart
From Apr 2024 to May 2024
Sabien Technology (LSE:SNT)
Historical Stock Chart
From May 2023 to May 2024