Onzima Ventures PLC Result of General Meeting (9241D)

TIDMONZ

RNS Number : 9241D

Onzima Ventures PLC

02 May 2017

02 May 2017

Onzima Ventures plc (to be re-named N4 Pharma Plc)

(the "Company")

Result of General Meeting, Directorate Changes, Share Re-organisation, Change of Name and Website address and Voting Rights

Result of General Meeting

The Company is pleased to announce that all resolutions put to Shareholders at the General Meeting held earlier today were duly passed and therefore completion of the acquisition of N4 Pharma Limited is expected to take place on 3 May 2017.

Directorate Changes

Following the passing of the resolutions as set out above, the Company announces, each with effect upon Admission, the resignations of Gavin Burnell, Chief Executive, and Professor Humayun Mughal, Non-Executive Director, as directors of the Company and the appointments of David Templeton, Non-Executive Chairman, Nigel Theobald, Chief Executive, and Paul Titley, Executive Director, as directors of the Company. Further details on the newly appointed directors are set out in the Appendix below.

Share Re-organisation

At the General Meeting, Shareholders approved the Share Re-organisation which is expected to take place after close of business on the Record Date, being 2 May 2017. Fractional entitlements resulting from the Share Re-organisation will be sold for the benefit of Shareholders other than amounts of less than GBP5.00 which the Company will retain for its own benefit.

Change of Name and Website Address

At the General Meeting, Shareholders also approved the change of the Company's name from Onzima Ventures Plc to N4 Pharma Plc. The change of name will be effective once Companies House has issued a certificate of incorporation on change of name which is expected to occur by Admission. The Company's AIM symbol will change to N4P with effect from 8.00am on 3 May 2017.

Following the change of the Company's name becoming effective, its website address, which will include the information required by AIM Rule 26, will be www.n4pharma.com.

Voting Rights

Application has been made for the Enlarged Share Capital to be admitted to trading on AIM. It is expected that restoration of trading on AIM in the Existing Ordinary Shares and Admission will become effective and that dealings in the Enlarged Share Capital will commence at 8.00am on 3 May 2017.

Following completion of the Company's Share Re-organisation and Admission, the Enlarged Share Capital will comprise 71,714,285 Ordinary Shares. Each Ordinary Share has one voting right. No Ordinary Shares are held in treasury. Accordingly, the total number of voting rights will be 71,714,285.

The above figure may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, N4 Pharma plc under the FCA's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement shall have the same meaning as in the Company's admission document published on 13 April 2017, copies of which are available on the Company's website.

Enquiries:

 
 N4 Pharma 
  Nigel Theobald,         Via Alma PR 
  CEO 
 Stockdale Securities 
  Tom Griffiths           Tel: [phone] 
                          6100 
 Beaufort Securities 
  Elliot Hance           Tel: [phone] 
                         8300 
 Alma PR 
  Josh Royston            Tel: [phone] 
  Robyn Fisher            1979 
                          Tel: [phone] 
                          6191 
 

Appendix

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies. The newly appointed Directors, as mentioned above, hold or have held the following directorships or have been partners in the following partnerships within the past five years:

 
 Name              Current Directorships/Partnerships   Past Directorships/Partnerships 
----------------  -----------------------------------  -------------------------------- 
 David Templeton   None                                 DT Pharmacology Consultancy 
                                                         Limited 
----------------  -----------------------------------  -------------------------------- 
 Nigel Theobald    Askalane Limited                     Oxford Nutra Limited 
                    Lytegro Limited                      Oxford Pharmascience 
                    Medherant Limited                    Group Plc 
                    N4 Pharma Limited                    Oxford Pharmascience 
                                                         Limited 
----------------  -----------------------------------  -------------------------------- 
 Paul Titley       Critical Pharmaceuticals             Aesica Formulation Development 
                    Limited 
                    Keswick Community Asset 
                    Company 
                    Keswick Museum and Art 
                    Gallery 
                    N4 Pharma Limited 
----------------  -----------------------------------  -------------------------------- 
 

In addition, as at the date of this announcement, Nigel Theobald holds 29,893,963 Existing Ordinary Shares, representing approximately 16.1 per cent of the Existing Ordinary Share Capital.

There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 02, 2017 09:06 ET (13:06 GMT)