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Share Name Share Symbol Market Type Share ISIN Share Description
Arena Events Group Plc LSE:ARE London Ordinary Share GB00BF0HYJ24 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 17.00 16.50 17.50 17.00 16.325 17.00 417,908 08:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 183.2 -23.0 -15.0 - 55

Arena Events Group PLC Results of General Meeting

14/04/2021 12:26pm

UK Regulatory (RNS & others)


Arena Events (LSE:ARE)
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RNS Number : 4770V

Arena Events Group PLC

14 April 2021

14 April 2021

ARENA EVENTS GROUP PLC

("Arena" or the "Company")

Results of General Meeting

Further to the announcement on 29 March 2021 regarding the conditional Subscription and Placing to raise GBP11 million (before expenses) at a price of 14 pence per share, the Company announces that all Resolutions put to Shareholders at today's General Meeting were duly passed.

An application has been made for the 53,800,345 Second Placing Shares and Second Subscription Shares to be admitted to trading on AIM, which is expected to take place at 8.00 a.m. on 15 April 2021.

Following Second Admission, the Company's issued share capital will comprise 326,282,261 ordinary shares, of which none are held in treasury. The above figure of 326,282,261 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 voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Update on Aztec Shaffer acquisition

Further to the announcement on 7 April 2021, the sale hearing at the United States Bankruptcy Court for the Southern District of Texas is now expected to be held on 15 April 2021, with closing of NewCo's acquisition of Aztec Shaffer still expected to occur towards the end of April.

A further announcement regarding acquisition completion will be made in due course.

Defined terms in this announcement shall have the same meaning as those in the RNS release on 29 March 2021.

Details of the proxy votes received on each resolution by Arena's Registrar are set out below:

 
       Resolution                 For &               Against         Withheld    Total votes 
                              Discretionary                                           cast 
                             Number        %       Number       %      Number 
                             of votes             of votes             of votes 
    --------------------  ------------  ------  -----------  ------  ----------  ------------ 
     Ordinary resolution 
      to authorise 
      the directors 
 1    to allot shares      184,573,062   99.99     10,000     0 .01    13,921     184,596,983 
    --------------------  ------------  ------  -----------  ------  ----------  ------------ 
     Special resolution 
      to authorise 
      the directors 
      to disapply 
      pre-emption 
 2    rights               184,555,062   99.98     28,000     0.02     13,921     184,596,983 
    --------------------  ------------  ------  -----------  ------  ----------  ------------ 
     Special resolution 
      to authorise 
      the directors 
      to disapply 
      pre-emption 
 3    rights               171,250,360   92.78   13,332,702   7.22     13,921     184,596,983 
    --------------------  ------------  ------  -----------  ------  ----------  ------------ 
 

Enquires:

 
 Arena Events Group plc                 Via Alma PR 
  Greg Lawless (CEO)                     +44(0)207 397 8900 
  Steve Trowbridge (CFO) 
  Cenkos Securities (Nomad and 
  Broker) 
 Max Hartley, Max Gould (Corporate 
  Finance) 
  Julian Morse (Sales) 
 
 
   Alma PR (Financial PR) 
   John Coles, Josh Royston, Helena 
   Bogle                                 +44(0)203 405 0205 
 

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END

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April 14, 2021 07:26 ET (11:26 GMT)

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