Various Eateries PLC Result of General Meeting and Total Voting Rights (7852X)
December 22 2023 - 5:24AM
UK Regulatory
TIDMVARE
RNS Number : 7852X
Various Eateries PLC
22 December 2023
Various Eateries plc
("Various Eateries", the "Company" or the "Group")
Result of General Meeting and Total Voting Rights
Shareholder approval for GBP10.1m Placing and Conversion
Various Eateries is pleased to announce that, at the General
Meeting held earlier today, all resolutions were duly passed.
Accordingly, subject to Admission, the Company has raised gross
proceeds of GBP10.1 million pursuant to the Placing and in addition
the Conversion has been approved.
Capitalised terms used but not otherwise defined in this
announcement shall have the meanings ascribed to such terms in the
Company's announcement at 7.00 a.m. on 6 December 2023, unless the
context requires otherwise.
Admission and Total Voting Rights
Following the General Meeting held earlier today, the Company
will issue 40,400,000 Placing Shares and 45,636,788 Conversion
Shares.
Application has been made to the London Stock Exchange for
admission of the New Ordinary Shares (being the Placing Shares and
the Conversion Shares) to trading on AIM. It is expected that
Admission will become effective and dealings in the New Ordinary
Shares will commence on AIM at 8.00 a.m. on 27 December 2023. The
New Ordinary Shares (being the Placing Shares and Conversion
Shares) will rank pari passu in all respects with the Existing
Ordinary Shares.
Following Admission, the total number of Ordinary Shares in the
capital of the Company in issue will be 175,045,265 with voting
rights. 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's share capital pursuant to (i) the Company's
Articles, (ii) the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules and/or (iii) the AIM Rules for
Companies issued by the London Stock Exchange plc as amended from
time to time.
Results of the meeting
Details of the results of the voting, by way of a poll vote, at
the General Meeting are set out below. Resolutions 1 to 2 are
ordinary resolutions and resolution 3 is a special resolution.
Resolution For Against
Votes % of votes Votes % of
cast votes
cast
----------- ----------- ------------ ----------
1. To approve the Rule 9 waiver
pursuant to the City Code
on Takeovers and Mergers* 10,674,179 59.6% 7,222,175 40.4%
----------- ----------- ------------ ----------
2. To authorise the directors
to allot shares for the purposes
of section 551 of the Companies
Act 2006 (the "Act") 77,244,779 91.5% 7,221,685 8.5%
----------- ----------- ------------ ----------
3. To empower the directors
to allot equity securities
pursuant to section 570 of
the Act as if section 561
of the Act did not apply 77,244,779 91.5% 7,221,685 8.5%
----------- ----------- ------------ ----------
* Resolution 1 was taken on a poll of Independent Shareholders
(as defined in the Circular) in accordance with the requirements of
the City Code.
Resultant holding of Hugh Osmond and members of his Concert
Party
As detailed in the Company's Circular, immediately following
Admission, the resultant aggregate interest of Hugh Osmond and
members of his Concert Party in the ordinary shares in the capital
of the Company for the purpose of the City Code, is 108,739,152
ordinary shares, representing 62.1% of the Enlarged Share
Capital.
For further information, please contact:
Various Eateries Via Alma PR
plc
Andy Bassadone Executive Chairman
WH Ireland Limited Sole Broker and NOMAD Tel: +44 (0)20 7220 1666
Broking
Harry Ansell
Nominated Adviser
Katy Mitchell
Darshan Patel
Isaac Hooper
Alma PR Financial PR Tel: +44 (0)20 3405 0205
David Ison variouseateries@almapr.co.uk
Rebecca Sanders-Hewett
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END
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