SECG Sec Newgate S.p.a.

TIDMSECN

RNS Number : 3352B

SEC Newgate S.p.A.

10 February 2022

10 February 2022

SEC Newgate S.p.A. ("SEC Newgate" or the "Company")

Result of General Meeting

SEC Newgate (AIM:SECN), the insight-driven global strategic communications group that works at the nexus of business, politics, communities, markets and media, announces that at the General Meeting of the Company, held earlier today, all resolutions were duly passed. The voting results are set out below.

 
 Resolution           Votes       % of votes    Votes     Votes ABSTAIN(1)      Total       % of issued 
  No.                   FOR        cast FOR     AGAINST                          votes       Shares(2) 
 1. To approve 
  the Delisting      17,689,825      99.93         0            11,865         17,701,690       71.64 
                  -------------  -----------  ---------  -----------------  -------------  ------------ 
 2. To approve 
  the purchase 
  of Ordinary 
  Shares             17,689,825      99.93         0            11,865         17,701,690       71.64 
                  -------------  -----------  ---------  -----------------  -------------  ------------ 
 

Notes

(i) A "Vote Abstain" is a valid vote in Italian law and is counted in the calculation of the proportion of the votes cast on a resolution.

(ii) As at the date of the General Meeting the issued share capital of the Company was 24,710,922 Ordinary Shares.

Delisting and Buy-back

Accordingly, it is expected that the last day of dealings in the Ordinary Shares on AIM will be 4 March 2022 and the expected time and date of Delisting is 7.00 a.m. on 7 March 2022.

The Company expects to announce the commencement of the Buy-back on or around 17 February 2022, to allow Minority Shareholders, who are not participating in the Contribution, to sell their Ordinary Shares. The Buy-back will be carried out at a fixed price of 111.32p per Ordinary Share.

Capitalised terms used in this announcement shall have the same meaning as set out in the Company's announcement dated 25 January, unless otherwise defined.

Media Enquiries

 
 Fiorenzo Tagliabue (Group CEO)      Tel: +39 335 6008858 
                                      fiorenzo.tagliabue@secnewgate.com 
 Sergio Penna (Group CFO)            tel: +39 338 8357936 
                                     Sergio.penna@secnewgate.com 
 Arden Partners (Nominated Adviser 
  and Broker) 
 Richard Johnson, Ben Christie       Tel: +44 (0) 20 7614 5900 
 

Notes to Editors

   -- SEC Newgate's focus is on achieving positive outcomes through communications, advocacy and research, helping 
      clients clearly demonstrate their purpose, value, and impact locally, nationally and internationally. 
 
   -- Further information is available at the Group's website:   www.secnewgate.com 
 
   -- Further information on SEC Newgate UK is available at:   www.secnewgate.co.uk 

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END

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February 10, 2022 07:59 ET (12:59 GMT)

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