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Share Name Share Symbol Market Type Share ISIN Share Description
Assetco Plc LSE:ASTO London Ordinary Share GB00BQ2K3557 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 2.52% 61.00 60.00 62.00 61.00 59.50 59.50 1,797,111 15:56:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 0.4 16.1 180.6 0.3 9

AssetCo PLC Results of General Meeting

10/08/2022 12:45pm

UK Regulatory (RNS & others)


Assetco (LSE:ASTO)
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TIDMASTO

RNS Number : 5841V

AssetCo PLC

10 August 2022

LEI: 213800LFMHKVNTZ7GV45

10 AUGUST 2022

ASSETCO PLC

("AssetCo" or the "Company")

RESULTS OF GENERAL MEETING

The Company is pleased to announce that, at the general meeting which took place at 11.00 a.m. today, the following resolutions (the "Resolutions") were duly passed by the requisite majorities:

-- Resolution 1: the sub-division of each ordinary share of GBP0.10 in the capital of the Company ("Existing Ordinary Share") into ten new ordinary shares of GBP0.01 each in the capital of the Company ("New Ordinary Shares"); and

-- Resolution 2: subject to the confirmation of the Court, the cancellation of the amount standing to the credit of the Company's share premium account and for the amount cancelled to be credited to a distributable reserve.

It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 11 August 2022 (the "Effective Time") with the ISIN code GB00BQ2K3557. The SEDOL code for the New Ordinary Shares is BQ2K355 and the TIDM is ASTO.

Immediately following the Effective Time, there will be 149,292,970 New Ordinary Shares allotted, called up and fully paid in issue, all with voting rights. The Company will hold no New Ordinary Shares in treasury.

Campbell Fleming, CEO of AssetCo, said:

"We are pleased to secure approval for the share split and be able to offer existing and potential shareholders greater liquidity and marketability in the Company's shares. We are actively engaged in expanding our shareholder base, which we believe the share split will assist with."

From the Effective Time, the figure of 149,292,970 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 in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the meanings given to them in the circular to shareholders dated 22 July 2022 (the "Circular"). A copy of the Circular is available on the Company's website at www.assetco.com/investor-relations/documents/ .

Enquiries:

 
AssetCo plc                                            +44 (0) 79 5800 5141 
Campbell Fleming 
 Peter McKellar 
 James Thorneley 
 
Numis -Nominated Adviser and Joint Broker to AssetCo 
 Charles Farquhar 
 Giles Rolls                                           +44 (0) 20 7260 1000 
 
Panmure Gordon - Joint Broker to AssetCo 
 Charles Leigh-Pemberton 
 Atholl Tweedie 
 Gabriel Hamlyn                                        +44 (0) 20 7886 2906 
 
Maitland/AMO - PR Adviser to AssetCo 
 Neil Bennett 
 Rachel Cohen                                          +44 (0) 20 7379 5151 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMGPUMARUPPGUU

(END) Dow Jones Newswires

August 10, 2022 07:45 ET (11:45 GMT)

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