Zinc Media Group PLC Result of General Meeting (8067C)
12 Febbraio 2020 - 3:29PM
UK Regulatory
TIDMZIN
RNS Number : 8067C
Zinc Media Group PLC
12 February 2020
12 February 2020
Zinc Media Group plc
("Zinc Media" or the "Company")
Result of General Meeting
Zinc Media Group plc, (AIM: ZIN), a leading TV and multimedia
content producer, is pleased to confirm that at the General Meeting
held earlier today in connection with its proposed placing of
GBP3.5 million (gross), preference share conversion, debt
conversion, debt variation, article amendments and share
consolidation, all resolutions were duly passed.
The participation by Herald in the Placing and Preference Share
Conversion will result in an increase in Herald's shareholding in
the Company to 3,187,830 New Ordinary Shares, equivalent to 40.30
per cent. of the Enlarged Share Capital. The participation by the
John Booth Parties (as appropriate) in the Placing and Debt
Conversion will result in an increase in the shareholding in the
Company of the John Booth Parties to 346,439 New Ordinary Shares,
equivalent to 4.38 per cent. of the Enlarged Share Capital.
Accordingly, following completion of the Proposals, the
shareholding of the Concert Party will increase, in aggregate, to
3,534,269 New Ordinary Shares, equivalent to a total of 44.68 per
cent. of the Enlarged Share Capital.
Without a waiver of the obligations under Rule 9 of the Code,
the acquisitions set out above would require the Concert Party to
make a general offer for the entire issued and to be issued share
capital of the Company not already held by the Concert Party.
Included within the Resolutions proposed at the General Meeting was
the Whitewash Resolution, which sought Independent Shareholder
approval for the Waiver. The Whitewash Resolution was duly passed
on a poll at the General Meeting.
Application has been made to the London Stock Exchange for the
Placing Shares and the Conversion Shares to be admitted to trading
on AIM. It is expected that Admission will become effective at 8.00
a.m. tomorrow, 13 February 2020. The Share Consolidation, which was
also approved at the General Meeting, will also take effect from
8.00 a.m. tomorrow with trading in the Company's New Ordinary
Shares taking place under a new ISIN, GB00BJVLR251.
Capitalised terms used but not defined in this announcement have
the meanings set out in the announcement of 17 January 2020
released at 7.00 a.m. entitled 'Launch of Placing via Accelerated
Bookbuild'.
For further information, please contact:
Zinc Media Group plc +44 (0) 20 7878 2311
Mark Browning, CEO / Will Sawyer CFO
www.zincmedia.com
N+1 Singer (NOMAD and Joint Broker to Zinc
Media) +44 (0) 20 7496 3000
Mark Taylor / Lauren Kettle
Peterhouse Capital Limited (Joint Broker
to Zinc Media) +44 (0) 20 7469 0932
Martin Lampshire / Duncan Vasey / Eran Zucker
About Zinc
Zinc Media Group plc is a leading British based TV and content
creation company and operates 6 TV labels and a non-TV content
division called Zinc Communicate.
The six award winning and critically acclaimed television
production labels include: Blakeway, Brook Lapping, Films of
Record, Blakeway North, Reef Television and Tern Television, whose
brands produce television and radio programmes for both UK and
international broadcasters.
Zinc Communicate specialises in creating B2B communications
strategies and behaviour change programmes, campaigns and resources
for partners, businesses and government departments.
For further information on Zinc Media please visit:
http://www.zincmedia.com/
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END
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February 12, 2020 09:29 ET (14:29 GMT)
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