Result of Meeting

RNS Number : 3283G

Deepverge PLC

14 November 2022

 

14 November 2022

DeepVerge PLC

("DeepVerge" or "the Company")

Result of General Meeting

Result of General Meeting

Following today's General Meeting ("GM") DeepVerge PLC is pleased to announce that both resolutions set out in the Notice of GM were approved by Shareholders.

The results of the voting for each resolution were as follows:

Resolution	For	% For	Against	% Against	Withheld
1.  To authorise the directors of the Company to allot shares in the capital of the Company in accordance with section 551 of the Companies Act 2006.	95,611,547	99.42%	552,944	0.58%	79,467
2. To authorise the directors of the Company to allot equity securities other than in accordance with statutory pre-emption rights that would otherwise apply pursuant to section 561 of the Companies Act 2006	95,284,770	99.07%	897,630	0.93%	61,558

As at the date of the GM, the number of issued ordinary shares of the Company was 252,662,334 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held. Votes withheld are not votes in law and have not been counted in the calculation of the proportion of vote "for" or "against" a resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

Second Admission will become effective and dealings will commence in the 135,000,000 Second Tranche Placing Shares by 8.00 a.m. on 15 November 2022.

Third Admission will become effective and dealings will commence in the 303,784,044 Third Tranche Placing Shares, the 28,360,000 Subscription Shares and 40,750,000 Broker Offer Shares (totalling 372,794,044 new Ordinary Shares) by 8.00 a.m. on 16 November 2022.

March 2022 Loan

As set out in the notification of 27 October 2022, the Company expects to repay all amounts due under the March 2022 Loan facility with Riverfort within the next few days out of the proceeds of the Fundraising.

Terms and definitions in this notification are as defined in the notification of 27 October 2022.

For further information, please contact:

Enquiries:

DeepVerge plc	Nigel Burton, Interim Chief Executive	[phone]
SPARK Advisory Partners Limited (Nominated Adviser)	Neil Baldwin	[phone]
Turner Pope Investments (TPI) Limited (Broker)	Andy Thacker/James Pope	[phone]

Market Abuse Regulation (MAR) Disclosure

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

END

 

 

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