Global Graphics PLC: Result of the General Meeting
08 Gennaio 2021 - 4:27PM
Global Graphics PLC: Result of the General Meeting
PRESS
RELEASE
GLOBAL GRAPHICS: RESULT OF THE GENERAL
MEETING
Cambridge (UK) 8 January 2021:
Global Graphics PLC (Euronext: GLOG) announces the result of its
General Meeting that was held today (the
“Meeting”).
Further to the Company’s announcement on 10
December 2020 regarding the proposed acquisition of HYBRID Software
Group S.à r.l. (“HYBRID”) from Congra Software S.à
r.l (“Congra”), the Company is pleased to announce
that at the Meeting held earlier today, the ordinary resolution
proposed at the Meeting was passed without amendment, authorising
the allotment of 21,074,030 ordinary shares to Congra in exchange
for the entire issued share capital of HYBRID.
Full details of the resolution passed and the
acquisition are available in the Notice of the General Meeting and
other related documents, all of which are available on the
Company's website at
https://investor.globalgraphics.com/investors/hybrid-software-acquisition.
Whilst Congra, in its capacity as the Company’s
majority shareholder, was entitled to vote and did vote at the
Meeting, the Directors of the Company were pleased to see that the
resolution held the support of the Company’s other shareholders as
the resolution would have passed, with 76.5% of the votes cast in
favour of the resolution, had Congra’s votes not been included.
Following the passing of the resolution at
today’s meeting, it is expected that completion of the acquisition
of HYBRID will occur in the next few days, after the required
closing actions have been completed by all parties. A further
announcement will be made at the time of completion of the
acquisition.
About Global Graphics
Through its operating subsidiaries, Global
Graphics PLC (Euronext Brussels: GLOG) is a leading developer of
integrated hardware and software solutions for graphics and
industrial inkjet printing. Customers include press manufacturers
such as HP, Canon, Durst, Roland, Hymmen and Mark Andy.
Global Graphics PLC is headquartered in Cambridge UK. Its
subsidiary companies are printing software developers Global
Graphics Software; the industrial printhead driver solutions
specialists, Meteor Inkjet; and the pre-press software specialists
Xitron.
Contacts
Jill Taylor |
Graeme Huttley |
Corporate Communications Director |
Chief Financial Officer |
Tel: +44 (0)1223 926489 |
Tel: +44 (0)1223 926472 |
Email: jill.taylor@globalgraphics.com |
Email: graeme.huttley@globalgraphics.com |