Tricorn Group PLC Result of Meeting, TVR and Directors' Dealing (9305B)
February 04 2020 - 7:26AM
UK Regulatory
TIDMTCN
RNS Number : 9305B
Tricorn Group PLC
04 February 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
4 February 2020
Tricorn Group plc
("Tricorn" or the "Company")
Result of General Meeting
Total Voting Rights
and
Directors' Participation
Result of Meeting
Tricorn (AIM:TCN.L), the AIM quoted tube manipulation
specialist, announces that all Resolutions put to Shareholders at
the General Meeting held earlier today (including the Whitewash
Resolution) were duly passed.
Application has therefore been made for, in aggregate,
14,924,285 new Ordinary Shares to be admitted to trading on AIM
comprising 4,643,100 Placing Shares, 5,356,900 Subscription Shares,
4,899,285 Open Offer Shares and 25,000 Broker Shares. Admission is
expected to occur at 8.00 am on 5 February 2020.
Total Voting Rights
Following Admission, the Company will have 49,219,285 Ordinary
Shares in issue admitted to trading on AIM. This figure may be used
by Shareholders 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
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
Directors' Participation
Roger Allsop, a Non-Executive Director of the Company, and
Andrew Moss, the Non-Executive Chairman of the Company, each
participated in the Subscription by subscribing for Subscription
Shares at the Issue Price and in the Open Offer by subscribing for
their Basic Entitlements, as announced on 17 January 2020. The
Directors' resulting shareholdings immediately following Admission
are detailed below:
Director Total No. Percentage Subscription Open Offer No. of Ordinary Percentage
of Existing of Existing Shares Shares Shares following of Enlarged
Ordinary Ordinary subscribed subscribed Admission Share Capital
Shares Shares for for following
Admission
Andrew Moss 550,000 1.60% 356,900 78,570 985,470* 2.00%
------------- ------------- ----------------- ----------------- ----------------- ---------------
Mike Welburn 100,000 0.29% - - 100,000 0.20%
------------- ------------- ----------------- ----------------- ----------------- ---------------
Phil Lee 508,558 1.48% - - 508,558** 1.03%
------------- ------------- ----------------- ----------------- ----------------- ---------------
David Leakey - - - - - 0.00%
------------- ------------- ----------------- ----------------- ----------------- ---------------
Roger Allsop 11,220,000 32.72% 5,000,000 1,602,857 17,822,857*** 36.21%
------------- ------------- ----------------- ----------------- ----------------- ---------------
Total 12,378,558 36.09% 5,356,900 1,681,427 19,416,885 39.45%
------------- ------------- ----------------- ----------------- ----------------- ---------------
* This includes 471,185 Ordinary Shares beneficially held by
Jane Moss.
** This includes 8,720 Ordinary Shares beneficially held by
Olivia Lee, Phil Lee's daughter.
*** This includes 6,400,000 Ordinary Shares held by Yvonne
Allsop, Roger Allsop's wife, and 800,000 Ordinary Shares held by
The Roger Allsop Discretionary Settlement.
This announcement should be read in conjunction with the full
text of the Circular which was posted to Shareholders on 17 January
2020, copies of which are available on the Company's website at
www.tricorn.uk.com. Capitalised terms in this announcement have the
same meaning as given in the Circular.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
For further information please contact:
Tricorn Group plc
Mike Welburn, Chief Executive Tel +44 (0)1684 569956
Phil Lee, Group Finance Director www.tricorn.uk.com
corporate@tricorn.uk.com
Shore Capital
Tom Griffiths - Corporate Advisory Tel + 44 (0)20 7408 4080
David Coaten - Corporate Advisory
Henry Willcocks - Corporate Broking
The person responsible for arranging the release of this
announcement on behalf of the Company is Mike Welburn, Chief
Executive Officer of the Company.
Notes to Editors:
Tricorn is a value added manufacturer and specialist manipulator
of pipe and tubing assemblies to niche markets worldwide.
For further information, please visit: www.tricorn.uk.com.
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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