TIDMSNT
RNS Number : 8527T
Sabien Technology Group PLC
29 March 2021
29 March 2021
Sabien Technology Group plc
("Sabien" or the "Company")
Result of Annual General Meeting
Further re. Share Capital Consolidation
The Board of Sabien announces that at its Annual General Meeting
held earlier today, all resolutions were duly passed. The proxy
voting results of the resolutions proposed at the Annual General
Meeting are copied below:
Resolution Votes % of votes Votes % of votes Votes Total
For(1) cast Against cast Withheld(2) votes
cast(2)
1. To receive
the annual report
and accounts 972,361,209 >99.99% 300 <0.01% 4,560,648 972,361,509
------------ ----------- ---------- ----------- ------------- ------------
2. To re-appoint
Moore Kingston
Smith as auditors
of the Company 971,704,977 99.93% 656,532 0.07% 4,560,648 972,361,509
------------ ----------- ---------- ----------- ------------- ------------
3. To re-appoint
R Parris as a
director of the
Company(3) 520,148,995 99.95% 270,300 0.05% 4,564,878 520,419,295
------------ ----------- ---------- ----------- ------------- ------------
4. To appoint
R McGregor-Smith
as a director
of the Company(4) 972,086,822 99.97% 270,457 0.03% 4,564,878 972,357,279
------------ ----------- ---------- ----------- ------------- ------------
5. To appoint
E Sutcliffe as
a director of
the Company(5) 972,086,979 99.97% 270,300 0.03% 4,564,878 972,357,279
------------ ----------- ---------- ----------- ------------- ------------
6. To approve
the 300:1 share
capital consolidation 971,429,590 99.86% 1,364,892 0.14% 4,127,675 972,794,482
------------ ----------- ---------- ----------- ------------- ------------
7. To adopt the
LTIP 971,429,590 99.86% 1,364,892 0.14% 4,127,675 972,794,482
------------ ----------- ---------- ----------- ------------- ------------
8. To authorise
the issue of
new ordinary
shares 971,429,590 99.86% 1,364,892 0.14% 4,127,675 972,794,482
------------ ----------- ---------- ----------- ------------- ------------
9. To disapply
pre-emption rights
in relation to
the allotment
of new ordinary
share 971,429,590 99.86% 1,364,892 0.14% 4,127,675 972,794,482
------------ ----------- ---------- ----------- ------------- ------------
10. To adopt
the new Articles
of Association 972,086,822 99.93% 707,660 0.07% 4,127,675 972,794,482
------------ ----------- ---------- ----------- ------------- ------------
(1 ") Votes For" include votes giving the Chairman
discretion.
(2) "Votes Withheld" are not votes in law and do not count in
the number of votes counted for or against a resolution.
(3) R Parris unable to vote on resolution.
(4) R McGregor-Smith unable to vote on resolution.
(5) E Sutcliffe unable to vote on resolution.
Share Capital Consolidation
In addition, following the passing of the resolutions at the
Annual General Meeting, and conditional on Admission (as defined
below) the share capital consolidation will take effect on 30 March
2021 so that every 300 existing ordinary shares of 0.01p will be
consolidated into one new ordinary share of 3p ("New Ordinary
Share"). Details of the share capital consolidation and effect on
shareholders were set out in the announcement and Notice of Annual
General Meeting sent to shareholders on 5 March 2021. Following the
share capital consolidation and with effect from tomorrow, the
Company's ISIN for its ordinary shares of 3p each will change to
GB00BN6JG812 and the SEDOL will change to BN6JG81.
Application has been made to AIM for 14,574,260 New Ordinary
Shares to be admitted to trading on AIM ("Admission"). It is
expected that such Admission will become effective and that
dealings will commence in the New Ordinary Shares at 8.00 a.m. on
30 March 2021.
Shareholders who hold their existing ordinary shares in
uncertificated form will have their CREST accounts credited with
the New Ordinary Shares on 30 March 2021. Existing share
certificates will cease to be valid and new share certificates will
be despatched to those shareholders who hold their shares in
certificated form on or around 13 April 2021.
Total Voting Rights
With effect from Admission, the Company's issued ordinary share
capital will comprise 14,574,260 of 3p each, with one voting right
each. The Company does not hold any shares in treasury. Therefore,
the total number of ordinary shares and voting rights in the
Company is 14,574,260. 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 share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
For Further Information:
Sabien Technology Group plc
Richard Parris, Executive Chairman +44 20 7993 3700
Allenby Capital Limited (Nominated
Adviser)
John Depasquale / Nick Harriss +44 203 328 5656
Peterhouse Capital Limited (Broker)
Duncan Vasey / Lucy Williams +44 207 469 0930
The person who arranged for the release of this announcement on
behalf of the Company was Richard Parris, Executive Chairman. A
copy of this announcement will be available from the Company's
website at
www.sabien-tech.co.uk .
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END
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March 29, 2021 10:45 ET (14:45 GMT)
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