Andalas Energy and Power Plc Result of AGM and Total Voting Rights

 
TIDMADL 
 
Andalas Energy and Power Plc 
 
Result of AGM and Total Voting Rights 
 
3 August 2018 
 
                         Andalas Energy and Power Plc 
 
                         ('Andalas' or the 'Company') 
 
                     Result of AGM and Total Voting Rights 
 
The Annual General Meeting ("AGM") for Andalas Energy and Power plc (AIM:ADL) 
was held today at 10.00am. All resolutions were passed. 
 
Following the passing of the resolutions at the AGM, the Conditional Placing, 
as announced on 11 July 2018, was approved.  Accordingly, the Company has 
issued the conditional placing shares totalling 3,000,000,000 Ordinary Shares, 
which will rank pari passu in all respects with all existing ordinary shares in 
the Company, and has applied for Admission to trading on AIM of such shares 
with effect from 6 August 2018.  Following Admission, the Company will have an 
issued share capital of 14,662,162,387 Ordinary Shares. 
 
Furthermore following the passing of the Share Consolidation resolution at the 
AGM, every 50 Existing Ordinary Shares that are in issue as at the close of 
business 9 August 2018, will be consolidated into one New Ordinary Share. 
Accordingly there will be 293,243,247 New Ordinary Shares in issue compared 
with the pre-consolidation total of 14,662,162,387 Ordinary Shares. 
 
The New Ordinary Shares arising on implementation of the share consolidation 
will have the same rights as the Existing Ordinary Shares, including voting and 
other rights.  The Company's new Stock Exchange Daily Official List ("SEDOL") 
code will be BZ7PNY7 and its new ISIN code will be IM00BZ7PNY71.  The Company's 
Tradable Instrument Display Mnemonic ("TIDM") remains unchanged: "ADL". 
 
Application will be made for the New Ordinary Shares to be admitted to trading 
on AIM ("Admission") and dealings are expected to commence at 8:00 am on 10 
August 2018. 
 
As no shares are held in treasury, the above figure of 14,662,162,387 should be 
used by shareholders as the denominator for the calculations by which they 
determine whether they are required to notify their interest in, or a change to 
their interest in, the Company under the FCA's Disclosure and Transparency 
Rules with effect from 6 August 2018. 
 
From 10 August 2018, the Company will have an issued share capital of 
293,243,247 New Ordinary Shares and it is this figure that should then be used 
by shareholders as the denominator for the calculations by which they determine 
whether they are required to notify their interest in, or a change to their 
interest in, the Company under the FCA's Disclosure and Transparency Rules 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014 ('MAR).  Upon the publication of this announcement via a 
Regulatory Information Service ('RIS'), this inside information is now 
considered to be in the public domain. 
 
Simon     Andalas Energy and Power Plc               Tel: [phone] 
Gorringe 
 
Roland    Beaumont Cornish Limited                   Tel: [phone] 
Cornish/  (Nominated Adviser) 
James 
Biddle 
 
Colin     Novum Securities Limited                   Tel: [phone] 
Rowbury   (Joint Broker) 
 
 
Christian Optiva Securities Limited                  Tel: [phone] 
Dennis    (Joint Broker) 
 
Stefania  Cassiopeia Services Ltd                    [e-mail] 
Barbaglio 
 
 
 
END 
 

(END) Dow Jones Newswires

August 03, 2018 06:29 ET (10:29 GMT)