Amino Technologies PLC General Meeting Update (5476X)

TIDMAMO

RNS Number : 5476X

Amino Technologies PLC

01 September 2020

1 September 2020

AMINO TECHNOLOGIES PLC

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

General Meeting Update

Amino Technologies plc (LSE: AMO), the global provider of media and entertainment technology solutions to network operators, wishes to provide an update with regards to Resolution 1 to be proposed at the Company's general meeting to be held at 9.00am on Friday, 4(th) September 2020 (the "General Meeting").

Further to the announcement of 10(th) August 2020, the Company wishes to clarify that Resolution 1 to be proposed at the General Meeting proposes the adoption of new articles of association (the "New Articles"). As described in the circular accompanying the notice of general meeting (the "Circular"), the New Articles provide for the Company to be able to hold 'hybrid' or wholly electronic general meetings in such a way as enables members to attend and participate in the business of the meeting by attending a physical location or by attending by electronic means. This change is intended to make it easier for members (including those based overseas) to attend and participate in future general meetings if the Company decides to make such facilities available in future.

As set out in the Circular, the Board has no current intention of using the power to hold meetings in wholly electronic form. Following constructive shareholder discussions, the Company confirms that if the New Articles are adopted at the General Meeting, the Company will not use the power in the New Articles to hold wholly electronic general meetings before the Company's AGM in 2021 and at the 2021 AGM it will propose an amendment to the New Articles such that the power to hold wholly electronic general meetings thereafter is subject to prior annual confirmation by shareholder resolution.

For further information please contact:

 
Amino Technologies PLC                                       [phone] 
Donald McGarva, Chief Executive Officer 
 Mark Carlisle, Chief Financial Officer 
 
finnCap Ltd (NOMAD and Broker)                               [phone] 
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance) 
 Tim Redfern / Richard Chambers (Equity Capital Markets) 
 
FTI Consulting (Financial communications)                    [phone] 
Jamie Ricketts / Chris Birt / Gregory Hynes 
 

About Amino Technologies plc

Amino Technologies plc is a new breed of Media Tech business, focused on enabling operators to meet the challenge of the rapidly converging worlds of broadcast and next-generation streaming services. We believe the operators that will succeed will be those that allow consumers to control how, when and where they "watch TV" and consume video. The smart operator will enable each consumer to define what TV means to them.

It is our mission to anticipate the technological and consumer behavioural trends so that we can keep on creating the solutions that enable operators and media companies to drive growth in engagement and profitability while embracing the inevitable disruption to the video market. The Group meets these challenges through combining its award-winning IP/cloud platforms and deep deployment expertise to create solutions that enable our customers to design and deliver innovative and profitable next-generation video experiences.

Amino Technologies plc consists of two operating companies providing transformational media experiences: Amino Communications, with TV-centric solutions and 24i, focused on streaming and OTT experiences.

24i and Amino Communications are subsidiaries of Amino Technologies PLC which is listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO), headquartered in Cambridge, Amino has offices in New York, Los Angeles, San Francisco, Amsterdam, Helsinki, Madrid, Porto, Brno and Hong Kong. For more details, visit https://investor.aminocom.com/

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September 01, 2020 02:00 ET (06:00 GMT)