MBL Group PLC Result of General Meeting & Proposed Cancellation (8943Z)
September 05 2018 - 9:54AM
UK Regulatory
TIDMMUBL
RNS Number : 8943Z
MBL Group PLC
05 September 2018
MBL Group plc / Epic: MUBL / Index: AIM
RNS ANNOUNCEMENT: The information communicated in this
announcement contains inside information for the purposes of
Article 7 of Regulation 596/2014.
For immediate release
5 September 2018
MBL Group PLC
("MBL" or the "Company" or the "Group")
Result of General Meeting
and
Update on the Proposed Cancellation of Admission of Ordinary
Shares to trading on AIM
At the General Meeting held today, the proposed special
resolution to approve the cancellation of admission of the
Company's ordinary shares of 7.5p each to trading on AIM was
defeated on a poll, the results of which are set out below.
Special Resolution Votes % Votes % Votes % of Votes
for against total issued withheld
share
capital
1. To approve
the cancellation
of admission
of the Company's
ordinary
shares of
7.5p each
to trading
on AIM 42,246 0.4 11,147,475 99.6 11,189,721 64.7 335,526
------- ---- ----------- ----- ----------- --------- ----------
As shareholders decided not to approve the cancellation
resolution the Company's ordinary shares will remain admitted to
trading on AIM.
As previously announced, following the appointment of
administrators to Windsong International Limited on 15 June 2018,
MBL became a Rule 15 Cash Shell under Rule 15 of the AIM Rules for
Companies from that date. Within six months of becoming an AIM Rule
15 cash shell, the Company must make an acquisition or acquisitions
which constitute(s) a reverse takeover under Rule 14 of the AIM
Rules for Companies. In the event that the Company does not
complete a reverse takeover under AIM Rule 14 within six months of
becoming a cash shell, the Exchange will suspend trading in the
Company's ordinary shares pursuant to AIM Rule 40 on 17 December
2018.
The Board intends to engage with its shareholders regarding the
future direction of the Company and make further announcements as
appropriate.
MBL's final results, for the year ended 31 March 2018, will be
published before the end of this month.
For further information visit www.mblgroup.co.uk
Contact:
Anton Lane
James Reynolds MBL Group plc 01772 440440
SPARK Advisory Partners
Limited (Nominated
Mark Brady Adviser) 0113 370 8970
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END
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