Alexander Mining PLC Result of General Meeting (1967Z)
08 Gennaio 2020 - 4:14PM
UK Regulatory
TIDMAXM
RNS Number : 1967Z
Alexander Mining PLC
08 January 2020
THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION,
RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA,
AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY JURISDICTION
IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT SHALL NOT
CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY,
SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY ORDINARY SHARES OF ALEXANDER
MINING PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR
SOLICITATION WOULD BE UNLAWFUL.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Alexander Mining plc
("Alexander" or the "Company")
Result of General Meeting
On 20 December 2019, Alexander announced the proposed
acquisition of eLight Group Holdings Ltd ("eLight") for a total of
GBP6.6 million, to be satisfied by the issue of the Consideration
Shares at the Issue Price.
The acquisition was conditional, inter alia, on shareholder
approval, and constituted a reverse takeover under the AIM Rules.
Upon completion, the Company will be renamed eEnergy Group plc and
its new ticker symbol will be "EAAS".
General Meeting
Alexander is pleased to announce that, at the General Meeting
held earlier today, all resolutions were duly passed, and that the
acquisition of eLight is subject only to Admission, which is
expected to take place at 8.00 a.m. on Thursday 9 January 2020.
Resolution numbered 1 in the Notice of General Meeting, being an
ordinary resolution to be voted on by the Independent Shareholders
to approve the waiver by the Takeover Panel of the obligation that
would otherwise arise for the Concert Party to make a general offer
for the Enlarged Group under the Rule 9 of the Takeover Code, was
passed on a poll with 616,464,833 votes of Independent Shareholders
in favour and 12,397,225 votes against.
Change of Name
As a result of the Resolutions having been passed at the General
Meeting, Alexander will, upon Admission, change its name to eEnergy
Group plc.
Consolidation
As a result of the passing of the Resolutions, the Consolidation
will become effective as of 6.00 p.m. today and accordingly every
75,000 Existing Ordinary Shares in the issued share capital of the
Company at the Record Date be consolidated into one Consolidated
Ordinary Share and then each Consolidated Ordinary Share be
sub-divided into 250 New Ordinary Shares having the rights and
being subject to the same restrictions (save as to nominal value)
as the Existing Ordinary Shares in the capital of the Company as
set out in the New Articles.
Change of website
Following Admission, the website of the Company will change to
www.eenergyplc.com.
Placing
As announced on 20 December 2019, Alexander has raised GBP2
million (before expenses) through a conditional placing of
26,666,667 Placing Shares at 7.5 pence per New Ordinary Share,
which will be used to finance the development of eLight and for
working capital needs associated with the anticipated growth in
revenue.
Admission
Alexander has applied to the London Stock Exchange for the
Admission of the Enlarged Ordinary Share Capital comprising
130,926,167 New Ordinary Shares to trading on AIM. Admission is
expected to become effective and dealings on AIM in the New
Ordinary Shares are expected to commence at 8.00 a.m. on 9 January
2020.
The New Ordinary Shares will be traded under the ticker "EAAS"
and with the ISIN number GB00BJP1KD31. The figure of 130,926,167
Ordinary Shares may be used by Shareholders as the denominator for
calculations 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 Guidance and Transparency
Rules.
Board Changes
On Admission, Harvey Sinclair, David Nicholl, Richard Williams
and Andrew Lawley will join the Board and all of the Existing
Directors will resign from the Board other than Nigel Burton.
MetaLeach Disposal
As a result of the Resolutions having been passed at the General
Meeting, the Company will proceed with the Disposal of the
MetaLeach Assets as set out in the Admission Document. A further
announcement will be made in due course.
Terms and expressions used in this announcement shall, unless
defined herein or unless the context otherwise requires, have the
meaning ascribed to them in the Admission Document published by the
Company on 20 December 2019.
Enquiries:
Alexander Mining plc
Tel: +44 (0) 20 7078 9566
Martin Rosser
Chief Executive
Mobile: +44 (0) 7770 865 341
Email: mail@alexandermining.com
Website: www.alexandermining.com
eEnergy Group plc
Tel: +353 1 845 7100
Harvey Sinclair
Chief Executive Officer
Email: info@eenergyplc.com
Website: www.eenergyplc.com
Cairn Financial Advisers LLP
Sandy Jamieson/James Caithie
Tel: +44 (0) 20 7213 0880
Turner Pope Investments (TPI) Ltd.
Andy Thacker
Zoe Alexander
Tel: +44 (0) 20 3657 0050
Newgate Communications
Giles Croot / Robin Tozer
Tel: +44 (0)20 3757 6880
Email: eEnergy@newgatecomms.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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