Byotrol PLC Result of AGM and Completion of Placing (6526N)
29 Luglio 2014 - 4:35PM
UK Regulatory
TIDMBYOT
RNS Number : 6526N
Byotrol PLC
29 July 2014
29 July 2014
Byotrol plc
Result of AGM and Completion of Placing
Byotrol plc, the developer of anti-microbial technologies,
confirms that at its Annual General Meeting held earlier today, all
resolutions were duly passed.
Accordingly, as set out in the announcement dated 25 June 2014,
the Company is pleased to announce the expected completion, subject
to Admission, of the placing (the "Placing") for cash by finnCap,
acting as agent for the Company, of 38,666,667 new ordinary shares
of 0.25 pence each ("Ordinary Shares") (the "Placing Shares") at 3
pence per Placing Share (the "Issue Price") and the subscription
(the "Subscription") of 3,000,0001 new Ordinary Shares (the
"Subscription Shares") at the Issue Price.
The Company intends to use the net proceeds of the Placing and
Subscription to maintain the momentum generated by the Company to
ensure it has the correct systems, procedures and approvals to
capitalise on its inherent technological advantage. The Company
also intends to invest further in sales and marketing efforts with
the aim of securing further revenue across its business.
The Placing and Subscription Shares are expected to be admitted
to trading on AIM at 8.00 a.m. on 30 July 2014. Following Admission
the Company will have 225,034,769 Ordinary Shares in issue, all
with voting rights. The Company does not hold any shares in
treasury.
The above figure of 225,034,769 Ordinary Shares may be used by
shareholders as the denominator for the calculation 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 and Transparency Rules.
Enquiries:
Byotrol plc 01925 742 000
David Traynor - Chief Executive
Dawn Williams
finnCap Ltd 020 7220 0500
Geoff Nash
Christopher Raggett
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a leading anti-microbial
technology company, operating globally in the Food, Industrial,
Healthcare and Consumer sectors, providing a low toxicity product
with a broad-based and long-lasting efficacy across all microbial
classes; bacteria, viruses, fungi, moulds, mycobacteria and
algae.
Powerful, long-lasting and gentle, Byotrol's products can be
used stand alone or as an ingredient within existing products,
where Byotrol can significantly improve their performance in
personal hygiene, domestic and industrial disinfection, odour
control, food production and food management.
Founded in 2005, the Company has developed the technology that
creates easier, safer and cleaner lives.
For more information, please go to www.byotrol.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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