Result of General Meeting

RNS Number : 6609C

Draper Esprit PLC

20 October 2020

 

THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS RESTRICTED, AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES , CANADA , AUSTRALIA , JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND IS THE SOLE RESPONSIBILITY OF THE COMPANY.

Draper Esprit plc

("Draper Esprit" or the "Company")

Result of general meeting and completion of placing

Draper Esprit (AIM: GROW, Euronext Growth: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses across Europe, is pleased to announce that at the General Meeting held earlier today, all resolutions were duly passed.

Accordingly, and as set out in the announcement dated 02 October 2020, the Company now has the requisite authority to complete the Placing to raise gross proceeds of £110 million.

Application has been made for 19,819,820 new Ordinary Shares to be admitted to trading on AIM and Euronext Growth and it is expected that Admission will occur on 21 October 2020. Following Admission, the Company will have 139,027,779 Ordinary Shares in issue with each share carrying the right to one vote.

The Company does not hold any Ordinary Shares in treasury. The above figure of 139,027,779 may 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 to their interest in, the share capital of the Company.

Defined terms used in this announcement have the same meaning as those within the Company's announcement on 01 October 2020.

Enquiries

Draper Esprit plc Martin Davis (Chief Executive Officer) Ben Wilkinson (Chief Financial Officer)	[phone]
Numis Securities Nominated Adviser, Joint Global Co-ordinator, Joint Bookrunner, Joint Corporate Broker Richard Thomas Jamie Loughborough Simon Willis	[phone]
Goodbody Stockbrokers UC Euronext Growth Advisor, Joint Global Co-ordinator Joint Bookrunner, Joint Corporate Broker Don Harrington Charlotte Craigie Dearbhla Gallagher	[phone]
Berenberg Joint Bookrunner Ben Wright Mark Whitmore Arnav Kapoor	[phone]
Powerscourt (PR) Elly Williamson Eavan Gannon	[phone] [phone]

 

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