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ViaLogy PLC (VIY)

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Monday 27 January, 2014

ViaLogy PLC

Result of General Meeting

RNS Number : 5936Y
ViaLogy PLC
27 January 2014
 



ViaLogy plc ("ViaLogy" or "the Company")

 

Result of General Meeting

 

ViaLogy is pleased to announce that at a General Meeting of the Company held earlier today, all resolutions were duly passed.

 

Further to the announcements of 7 January 2014 and 24 January 2014, ViaLogy has raised, via a Placing of 1,100,000,000 Ordinary Shares at 0.1p per share, £1.1 million (before expenses), and an additional £519,820 via an oversubscribed Open Offer to existing shareholders through the issue of 519,820,122 Ordinary Shares at 0.1p per share.

 

The Open Offer and Placing have therefore raised a total of £1,619,820 (before expenses). Application has been made for the admission of 1,649,820,122* Ordinary Shares of 0.1p each (following the Capital Reorganisation) to trading on AIM ("Admission") and dealings are expected to commence in these new shares on Tuesday 28 January 2014.

 

Following Admission, the Company shall have 2,689,460,366 ordinary shares of 0.1p in issue, which figure may be used after Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

 

Following their participation in the Placing and Open Offer, the following Directors of ViaLogy have an interest in the Ordinary Share Capital of the Company as follows:

 

Director

Current Holding

Placing Participation

Open Offer Entitlement

Total Holding

% Holding

Adam Reynolds

Nil

75,000,000

Nil

75,000,000

2.79

Dr. Robert Dean

2,897,304

Nil

1,448,652

  4,345,956

0.17

Dr. Sandeep Gulati

6,904,412

Nil

3,912,184

10,816,596

0.41

Nicholas Mustoe

Nil

150,000,000

Nil

150,000,000

5.58

 

Capitalised terms used in this announcement are as defined in the shareholder circular dated 7 January 2014.

 

*includes 30,000,000 ordinary shares of 0.1peach  being issued as part consideration for fees relating to Corporate Finance advice

 

For further information:

 

ViaLogy PLC

Mark Collingbourne   [email protected]

 

Nominated Advisor to ViaLogy PLC (Cantor Fitzgerald Europe)

Mark Percy / Catherine Leftley - Corporate Finance +44 (0) 207 894 7000


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