Result of General Meeting

RNS Number : 9956R

Digital Barriers plc

01 November 2013

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, JAPAN, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

1 November 2013

Digital Barriers plc

("Digital Barriers" or the "Company")

Result of General Meeting

On 16 October 2013, Digital Barriers, the specialist provider of advanced surveillance technologies to the security and defence sectors, announced the proposed Placing of 13,357,143 new Ordinary Shares at 140 pence per share and the proposed adoption of the Digital Barriers Sharesave Scheme. 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 unanimously on a show of hands at the General Meeting which took place earlier today.

Voting results (proxies received)

Resolution 1: The ordinary resolution to authorise the Directors to allot the Placing Shares

FOR:	40,782,356 Ordinary Shares	(99.99%)
AGAINST:	174 Ordinary Shares	(less than 0.01%)
VOTES WITHELD:	Nil

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

FOR:	40,782,356 Ordinary Shares	(99.99%)
AGAINST:	174 Ordinary Shares	(less than 0.01%)
VOTES WITHELD:	Nil

Resolution 3: The ordinary resolution to approve the Sharesave Scheme

FOR:	40,782,356 Ordinary Shares	(99.99%)
AGAINST:	174 Ordinary Shares	(less than 0.01%)
VOTES WITHELD:	Nil

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 share capital of the Company eligible to vote on the Resolutions is 50,984,761 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 4 November 2013.

Terms defined in the circular dated 16 October 2013 have the same meaning in this announcement, save where the context otherwise requires.

For further information, please contact:

Digital Barriers plc Tom Black, Executive Chairman Colin Evans, Managing Director Zak Doffman, Development Director	Tel: [phone]
Investec Investment Banking Andrew Pinder/ Dominic Emery	Tel: [phone]
FTI Consulting Edward Bridges/ Matt Dixon/ Elodie Castagna	Tel: [phone]

About Digital Barriers

Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets, specializing 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 announcement is not for publication or distribution, directly or indirectly, in or into the United States of America.  This announcement is not an offer of securities for sale into the United States.  The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration.  No public offering of securities is being made in the United States

 

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