Share Name Share Symbol Market Type Share ISIN Share Description
MySale Group Plc NEX:MYSL.GB NEX Ordinary Share JE00BMH4MR96
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 3.50 0.00 0.00 3.50 3.50 3.50 0.00 14:00:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

MySale Group PLC Result of General Meeting

06/09/2019 1:00pm

UK Regulatory (RNS & others)


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RNS Number : 5422L

MySale Group PLC

06 September 2019

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

6 September 2019

MySale Group plc

(the "Company", "MySale" or the "Group")

Result of General Meeting

MySale (AIM: MYSL), a leading international online retailer, is pleased to announce that, at the General Meeting held earlier today, all resolutions were duly passed.

Accordingly, the Company now has the requisite authority to complete the Placing to raise proceeds of approximately GBP11.2 million (before expenses) through a Placing of 560,515,464 new Ordinary Shares with certain existing and new institutional and other investors at the Placing Price of 2 pence per new Ordinary Share.

Further to the announcement of 2 September 2019, the Open Offer to raise up to approximately GBP2.1 million will remain available for acceptances to Qualifying Shareholders until 11.00 a.m. on 18 September 2019.

Application has been made for 560,515,464 new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will occur on 11 September 2019.

Following Admission, the Company will have 714,847,116 Ordinary Shares in issue. There are no Ordinary Shares held in treasury. With effect from Admission, this figure may be used by Shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Defined terms in the announcement have the same meaning as that set out in the announcement of 20 August 2019.

Enquiries:

 
 MySale Group plc 
 Carl Jackson, Chief Executive Officer        +61 (0) 414 817 843 
 Graeme Burns, Investor Relations             +44 (0) 777 585 4516 
 
 N+1 Singer (Nominated Adviser and Broker)    +44 (0) 20 7496 3000 
 Mark Taylor 
  Justin McKeegan 
 
 MHP Communications (Financial PR Adviser)    +44 (0) 20 3128 8570 
 Simon Hockridge 
  Giles Robinson 
  Pete Lambie 
 

Market Abuse Regulation:

This announcement is released by MySale Group plc and contains inside information for the purposes of the Market Abuse Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR. The person responsible for arranging the release of this information is Carl Jackson, Chief Executive Officer of the Company.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 06, 2019 08:00 ET (12:00 GMT)

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