Armstrong Ventures PLC RESULT OF GENERAL MEETING (2218Y)

TIDMAVP

RNS Number : 2218Y

Armstrong Ventures PLC

13 May 2016

 
For immediate release  13 May 2016

Armstrong Ventures plc

('Armstrong' or the 'Company')

RESULT OF GENERAL MEETING

Armstrong Ventures plc (AIM:AVP), the AIM listed company investing in the media, technology and healthcare sectors, announces that, at the General Meeting of the Company held earlier today, all resolutions were duly passed.

Accordingly, the following proposals become unconditional in all respects upon Admission of the Enlarged Share Capital to trading on AIM, for which application has been made and is expected to occur at 8.00 a.m. on Monday, 16 May 2016:

 
 --   the acquisition by the Company of the entire 
       issued share capital of MelodyVR Ltd, resulting 
       in the issue of 465,702,743 Consideration 
       Shares; 
 --   the issue of 20,909,091 Adviser Shares; 
 --   the Share Consolidation, resulting in the 
       Company's Existing Ordinary Share Capital 
       being consolidated into 231,750,343 New Ordinary 
       Shares with a nominal value of GBP0.01 each; 
       and 
 --   Anthony Matchett, Steven Hancock and Simon 
       Cole join the Board as Chief Executive, Operations 
       Director and Non-Executive Director respectively.

The Enlarged Ordinary Share Capital of the Company, comprising 718,362,177 New Ordinary Shares, will trade under the ISIN GB00BD2YHN21.

The change of the Company's name to EVR Holdings plc (AIM: EVRH), will become effective upon the registration of the Company's change of name at Companies House. A further announcement will be made in due course. Terms defined in the Admission Document (which was sent to shareholders on 27 April 2016) have the same meaning in this announcement. A copy of the Admission Document can also be viewed on the Company's website.

Following Admission of all the shares referred to above, the shares held by members of the Concert Party, and as a percentage of the Enlarged Share Capital will be as follows:

 
 Name              Number of Shares    % of Enlarged 
                                       Share Capital 
----------------  -----------------  --------------- 
 Mr A Matchett          215,357,796            29.98 
 Mr. S Hancock          176,876,784            24.62 
 Mr M Newton             48,525,867             6.76 
 Mr S Glaenzer           24,262,933             3.38 
 Mr A Pearce                679,362             0.09 
 Mr C Akers               9,969,697             1.39 
 Mr R Backhouse           7,169,697             1.00 
 Mr R Sargent             6,969,697             0.97 
----------------  -----------------  --------------- 
 Total                  489,811,833            68.18 
----------------  -----------------  ---------------

- Ends -

For further information:

 
Armstrong Ventures plc 
Sean Nicolson, Chairman                                   Tel: +44 (0) 20 7466 
                                                                          5000 
Peter Read, Non-Executive                            www.armstrongventures.com 
 Director 
 
SPARK Advisory Partners Limited (Nominated 
 Adviser) 
Neil Baldwin / Sean Wyndham-Quin                          Tel: +44 (0) 203 368 
                                                                          3550 
                                                 www.sparkadvisorypartners.com 
 
Peterhouse Corporate Finance Limited (Broker)             Tel: +44 (0) 20 7469 
                                                                          0930 
Eran Zucker / Lucy Williams                                   www.pcorpfin.com

Media enquiries:

 
Buchanan 
Henry Harrison-Topham / Stephanie  Tel: +44 (0) 20 7466 
 Watson / Catriona Flint                           5000 
                                    www.buchanan.uk.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 13, 2016 06:36 ET (10:36 GMT)

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