SigmaRoc PLC Result of AGM (4851F)
May 18 2017 - 2:01AM
UK Regulatory
TIDMSRC
RNS Number : 4851F
SigmaRoc PLC
18 May 2017
18 May 2017
SigmaRoc plc
('SigmaRoc' or the 'Company')
Result of the Annual General Meeting
SigmaRoc plc, the AIM listed construction materials business
(AIM: SRC), held its Annual General Meeting and all resolutions
were approved.
Highlights
- Following the approval of Resolution 11, SigmaRoc can now
clear all retained losses from its previous existence as a Shell
company allowing the company to pay dividends;
- Following the approval of Resolutions 9 and 10, the Company
also retains the flexibility to issue further capital, to take
advantage of opportunities on an expedited basis, where these fit
with our strategy and have the support of our investors;
- Additionally, the recently approved debt facilities will allow
the Company to optimise its capital structure within the leverage
limits set out by both the Convertible Loan Note and the debt
facilities themselves;
- From an operational perspective the Company continues to
perform well with April representing another solid month of
financial performance;
- The Company has completed its IT transition two months ahead
of schedule and is now completely independent from Ronez's previous
owner;
- SigmaRoc's trading division SigmaGsy has also been operating
well, with solid performance in its first full month of
activity;
Max Vermorken, CEO of SigmaRoc, said: "We are very happy with
the support from our shareholders to build a solid business
focussed on quality assets in the construction materials space. Our
first four months have been dedicated to getting the Ronez
acquisition bedded in and to ensure its operational success. With
the AGM now completed we can move forward with the development of
the business."
**ENDS**
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
For further information, please visit www.sigmaroc.com or
contact:
SigmaRoc plc +44(0)20 7193 4470
Max Vermorken
Strand Hanson Limited (Nominated and Financial Adviser) +44(0)207 409 3494
James Spinney
James Dance
Zeus Capital Limited (Joint Broker) +44(0)203 829 5000
Rob Collins
Alex Wood
Temple Bar Advisory (Public Relations Advisor) +44(0)207 002 1080
Ed Orlebar
Tom Allison
Alycia MacAskill
This information is provided by RNS
The company news service from the London Stock Exchange
END
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