Modern Water PLC Result of General Meeting (0954D)
14 Febbraio 2020 - 2:00PM
UK Regulatory
TIDMMWG
RNS Number : 0954D
Modern Water PLC
14 February 2020
14 February 2020
Modern Water plc
("Modern Water" or the "Company")
Result of General Meeting
Modern Water Plc (AIM: MWG), t he pioneering and innovative
technology company specialising in membrane water treatment
solutions and advanced monitoring products, announces that at its
General Meeting held earlier today, all Resolutions were duly
passed.
Application has been made to London Stock Exchange for the
Placing Shares, the Placing Fee Shares and the Retainer Fee Shares
("New Ordinary Shares") to be admitted to trading on AIM and it is
anticipated that trading in the New Ordinary Shares will commence
on AIM at 8.00 a.m. on or around 17 February 2020. The New Ordinary
Shares will rank pari passu with the Existing Ordinary Shares.
Following Admission, the Company's issued share capital will
comprise 502,693,214 Ordinary Shares with voting rights. The
Company does not hold any Ordinary Shares in treasury. The figure
of 502,693,214 Ordinary Shares may therefore be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
At the General Meeting, Simon Humphrey, confirmed that:
"The Board is optimistic about the Company's prospects, and with
the anticipated growth made possible by the placing proceeds as
well as cost reductions, expects the Company to be cash break even
in due course."
Unless the context requires otherwise, definitions used in this
announcement will have the same meaning as ascribed to them in the
Company's announcement dated 24 January 2020.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Contacts:
Modern Water plc +44 (0)20 3827 3439
Simon Humphrey, Chief Executive
Cairn Financial Advisers LLP (Nominated
Adviser) +44 (0)20 7213 0880
Sandy Jamieson/Tony Rawlinson
Ludovico Lazzaretti
Turner Pope Investments (TPI)
Limited (Broker) +44 (0)20 3657 0050
Andy Thacker / Zoe Alexander
Forward-looking Statements
This announcement includes "forward-looking statements" which
include all statements other than statements of historical facts,
including, without limitation, those regarding the Company's
business strategy, plans and objectives of management for future
operations, or any statements proceeded by, followed by or that
include the words "targets", "believes", "expects", "aims",
"intends", "will", "may", "anticipates", "would", "could" or
similar expressions or negatives thereof. Such forward-looking
statements involve known and unknown risks, uncertainties and other
important factors beyond the Company's control that could cause the
actual results, performance or achievements of the Company to be
materially different from future results, performance or
achievements expressed or implied by such forward-looking
statements. Such forward-looking statements are based on numerous
assumptions regarding the Company's present and future business
strategies and the environment in which the Company will operate in
the future. No undue reliance should be placed upon forward-looking
statements. These forward looking statements speak only as at the
date of this announcement. The Company expressly disclaims any
obligation or undertaking to disseminate any updates or revisions
to any forward-looking statements contained herein to reflect any
change in the Company's expectations with regard thereto or any
change in events, conditions or circumstances on which any such
statements are based, unless required to do so by applicable law or
the AIM Rules for Companies.
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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(END) Dow Jones Newswires
February 14, 2020 08:00 ET (13:00 GMT)
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