TIDMFDBK
RNS Number : 7408R
Feedback PLC
01 July 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
Feedback plc
Result of Open Offer and General Meeting
London, 1 July 2020: Feedback plc (AIM: FDBK, "Feedback" or the
"Company"), t he specialist medical imaging technology company,
announced on 15 June 2020, that it had co nditionally raised
GBP5.05 million through the placing of 505,000,000 new ordinary
shares in the Company, and, in addition, had provided all
qualifying shareholders with the opportunity to subscribe for an
aggregate of up to 53,994,991 new ordinary shares at the issue
price of 1 penny per share, pursuant to the Open Offer.
Result of Open Offer
Feedback announces that valid applications were received in
respect of, in aggregate, 21,981,769 Open Offer Shares, raising
gross proceeds of GBP219,817.69. Therefore, the total amount raised
pursuant to the Placing and Open Offer is approximately GBP5.27
million. Both the Open Offer and the Placing were conditional on
shareholder approval at the general meeting held earlier today.
Result of General Meeting
The Company announces that, at its general meeting held earlier
today, all resolutions were duly passed. As a result, the
505,000,000 Placing Shares and 21,981,769 Open Offer Shares are
expected to be admitted to trading on AIM on 3 July 2020
("Admission"). The proxy voting results of the resolutions were as
follows:
Resolutions Votes For* % of Votes % of Votes Total votes
votes Against votes Withheld** cast**
cast** cast**
Ordinary Resolutions
1. To authorise the
directors to allot
Ordinary Shares pursuant
to the Placing and
Open Offer 207,687,480 99.89 221,474 0.11 44,560 207,908,954
------------ -------- --------- -------- ------------ -----------
2. To authorise the
directors to allot
further shares (or
grant rights in respect
thereof) pursuant
to Section 551 of
the Companies Act
2006 207,657,443 99.89 221,474 0.11 74,597 207,878,917
------------ -------- --------- -------- ------------ -----------
Special Resolutions
3. General disapplication
of pre-emption rights
on Ordinary Shares
pursuant to the Placing
and Open Offer 207,657,443 99.89 221,474 0.11 74,597 207,878,917
------------ -------- --------- -------- ------------ -----------
4. To authorise the
directors to allot
further equity securities
pursuant to Section
570 of the Companies
Act 2006 207,657,443 99.89 221,474 0.11 74,597 207,878,917
------------ -------- --------- -------- ------------ -----------
*Votes "For" include votes giving the Chairman discretion.
** A 'Vote Withheld' is not a vote in law and has not been
counted in the calculation of the proportion of the votes 'For' and
'Against' a resolution, nor in the "Total votes cast".
Director Shareholding
Rory Shaw, Chairman of Feedback, has subscribed for 416,667 new
ordinary shares pursuant to the Open Offer. Therefore, from
Admission, Rory Shaw will hold 4,583,334 ordinary shares,
representing 0.43 per cent. of the Company's issued share capital.
The FCA notification, made in accordance with the requirements of
the EU Market Abuse Regulation, is appended below.
Total Voting Rights
On Admission, the Company will have 1,066,931,686 ordinary
shares of 0.25p each in issue, each with one voting right. There
are no shares held in treasury. Therefore, from Admission, the
total number of ordinary shares and voting rights in the Company
will be 1,066,931,686.
The above figure of 1,066,931,686 may be used by shareholders
from Admission as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Defined terms used in this announcement shall have the same
meaning as in the announcement of 15 June 2020 unless otherwise
defined herein.
Enquiries:
Feedback plc +44 (0)1954 718072
Tom Oakley, CEO IR@fbk.com
Lindsay Melvin, CFO
Allenby Capital Limited (Nominated Adviser)
David Worlidge / Asha Chotai +44 (0)20 3328 5656
Peterhouse Capital Limited (Joint Broker)
Lucy Williams / Duncan Vasey +44 (0)20 7469 0936
Stanford Capital Partners Limited (Joint
Broker)
Patrick Claridge / John Howes +44 20 3815 8880
Instinctif Partners +44 (0)20 7457 2020
Melanie Toyne-Sewell / Phillip Marriage +44 7890 022 814
feedbackplc@instinctif.com
Notes to editors
About Feedback plc - www.fbk.com
Feedback plc (AIM: FDBK) is a specialist medical imaging
technology company providing innovative software and systems,
through its fully-owned trading subsidiary, Feedback Medical
Limited. Its products advance the work of radiologists, clinicians
and medical researchers by improving workflows and giving unique
insights into diseases, particularly cancer.
Feedback has launched Bleepa, a new secure, encrypted medical
communication app for clinicians accessible through smartphones,
tablets and desktops that facilitates rapid clinical messaging and
review of medical grade imaging for all members of a clinical team,
directly from a hospital Picture Archiving and Communications
System (PACS). For more information on Bleepa , see www.bleepa.com
.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rory Shaw
--------------------- -----------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Chairman
--------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name Feedback plc
--------------------- -----------------------------------------
b) LEI 213800UGOF2GT2U2RV90
--------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------
a) Description Ordinary Shares of 0.25p each
of the financial
instrument, Identification code (ISIN) for Feedback
type of instrument plc ordinary shares: GB0003340550
Identification
code
--------------------- -----------------------------------------
b) Nature of the Subscription of Ordinary Shares pursuant
transaction to the Open Offer
--------------------- -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 1p 416,667
----------
--------------------- -----------------------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--------------------- -----------------------------------------
e) Date of the 1 July 2020
transaction
--------------------- -----------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- -----------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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