Result of General Meeting

RNS Number : 3622U
Digital Barriers plc
27 December 2012
 



27 December 2012

 

Digital Barriers plc
("Digital Barriers" or the "Company")

 

Result of General Meeting

 

 

 

On 6 December 2012, Digital Barriers the specialist provider of advanced surveillance technologies to the security and defence sectors, announced the proposed Placing of 7,172,414 new Ordinary Shares at 145 pence per share and the proposed amendments to the rights attaching to Incentive Shares and LTIP Rules. The Proposals were subject, inter alia, to approval by Shareholders of the Resolutions set out in the Notice of General Meeting.

 

The Company is pleased to announce that all of the Resolutions were passed on a show of hands at the General Meeting which took place earlier today.

 

The number of proxies received in respect of each resolution were as follows:

 

 

Resolution 1: The ordinary resolution to approve the allotment of 7,172,414 new ordinary shares

 


Number of Ordinary Shares voted

Percentage of voted Ordinary Shares (%)

FOR

32,832,917

100

AGAINST

Nil

Nil

WITHHELD

Nil

Nil

 

Resolution 2: The special resolution to approve the disapplication of pre-emption rights

 


Number of Ordinary Shares voted

Percentage of voted Ordinary Shares (%)

FOR

32,832,917

100

AGAINST

Nil

Nil

WITHHELD

Nil

Nil

 

Resolution 3: The special resolution to adopt new Articles of Association1

 


Number of Ordinary Shares voted

Percentage of voted Ordinary Shares (%)

FOR

28,941,667

100

AGAINST

Nil

Nil

WITHHELD

3,891,250

Nil

 

Resolution 4: The ordinary resolution to approve amendments to the LTIP1

 


Number of Ordinary Shares voted

Percentage of voted Ordinary Shares (%)

FOR

28,941,667

100

AGAINST

Nil

Nil

WITHHELD

3,891,250

Nil

 

1          Note: The voting results for Resolutions 3 and 4 exclude the votes of the Founding Executive Directors and their connected persons.

 

A vote withheld is not a vote in law and does not count in the total of votes cast.

 

Any proxy appointments which gave discretion to the chairman of the meeting have been included in the 'For' total.

 

The issued ordinary share capital of the Company is 43,787,176 Ordinary Shares of one penny each.

 

The Placing remains conditional, inter alia, upon Admission. Admission is expected to become effective at 8.00 a.m. on 2 January 2013.

 

Terms defined in the circular dated 6 December 2012 have the same meaning in this announcement, save where the context otherwise requires.

 

Enquiries:

 

Digital Barriers PLC

Tel: 020 7940 4740

Tom Black, Executive Chairman


Colin Evans, Managing Director


Zak Doffman, Development Director




Investec Investment Banking

Tel: 020 7597 5970

Financial Adviser and Broker to Digital Barriers


Andrew Pinder


Patrick Robb


Dominic Emery




FTI Consulting

Tel: 020 7831 3113

PR Adviser to Digital Barriers


Edward Bridges


Matt Dixon


Elodie Castagna


 

 

About Digital Barriers

 

Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets, specialising in 'edge-intelligent' solutions that are designed for remote, hostile or complex operating environments. We work with governments, multinational corporations and system integrators in the defence, law enforcement, critical infrastructure, transportation and natural resources sectors. Our surveillance technologies have been successfully proven on some of the most demanding operational and environmental deployments around the world.

 

www.digitalbarriers.com 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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