Result of GM & Update on Fund-raising

RNS Number : 0606W

Ince Group PLC (The)

15 August 2022

 

15 August 2022  

The Ince Group plc

("Ince", the "Company" or the "Group")

Result of General Meeting and

update on completion of the Fund-raising

The Ince Group plc (AIM: INCE), which provides legal, accounting, financial services, consulting and pensions advice services, announces that at the General Meeting of the Company held at 11.00 a.m. today, all resolutions were passed.  Accordingly, the Fund-raising announced on 28 July 2022, which includes the Placing and the Loan (and associated Amendment Agreement), can proceed and its completion is expected to take place tomorrow, 16 August 2022, on admission to trading on AIM of the Placing Shares.

Voting at the General Meeting

The votes received from shareholders on each resolution proposed at the General Meeting are set out below.

	No. of votes for (including Chairman's discretion)	% of total votes cast*	No. of votes against	% of total votes cast*	Total votes cast (excluding votes withheld)	No. of votes withheld*
1.  ORDINARY RESOLUTION
To grant authority to the directors to allot shares in the Company in respect of the Placing Shares.	34,142,527	96.82%	1,123,135	3.18%	35,265,662	13,378
2.  SPECIAL RESOLUTION
To disapply pre-emption rights in relation to the allotment of the Placing Shares	34,142,783	96.82%	1,122,879	3.18%	35,265,662	13,378

*A vote "withheld" is not a vote in law and is not counted towards the votes cast "for" or "against" a resolution.

Admission and Total Voting Rights

Application has been made for 150,030,000 Placing Shares to be issued pursuant to the Fund-raising to be admitted to trading on AIM and Admission is expected to occur at 8.00 a.m. on or around 16 August 2022, following which the total number of Ordinary Shares and voting rights in the Company will be 237,038,739.

From Admission, the figure of 237,038,739 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 pursuant to the FCA's Disclosure Guidance and Transparency Rules.

Further details of the Fund-raising are set out in the Company's announcements of 28 July 2022.

Capitalised terms in this announcement shall have the meanings given to such terms in the announcement issued by the Company at 7.00 a.m. on 28 July 2022 unless otherwise defined herein.

For further information:

The Ince Group plc
Simon Howard, Chairman	[e-mail]
Simon Oakes, Chief Financial Officer
Allenby Capital Limited - Nominated Adviser	[phone]
Jeremy Porter / Piers Shimwell, Corporate Finance
Arden Partners plc - Broker	[phone]
John Llewellyn Lloyd / Louisa Waddell, Corporate Finance
Simon Johnson, Equity Sales
Williams Nicolson - Financial PR	[phone]
Steffan Williams / Fraser Schurer-Lewis	[e-mail]

 

END

 

 

ROMZZGMRZKDGZZM