Distil PLC Result of Meeting (5038W)

TIDMDIS

RNS Number : 5038W

Distil PLC

12 December 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU) NO.596/2014, WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"), AS AMENDED.

12 December 2023

Distil plc

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

Result of General Meeting and Director / PDMR Shareholding

Result of General Meeting

Distil plc (AIM: DIS), Distil plc (AIM:DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, TRØVE Botanical Vodka and Blavod Black Vodka, announces that at the General Meeting held today at 10.00 a.m. all the resolutions proposed were duly passed by the requisite majority:

 
 Resolution (*indicates                   Votes for     % of       Votes      % of    Total votes 
  special resolution)                                   shares    against     shares 
                                                        voted                 voted 
 Resolution 1: Authority 
  to allot shares in connection 
  with the Placing, the Subscriptions    343,203,707    97.85    7,526,017    2.15    350,729,724 
                                        ------------  --------  ----------  --------  ----------- 
 Resolution 2*: Disapplication 
  of pre-emption rights in 
  connection with the Placing, 
  Subscriptions                          343,203,707    97.85    7,526,017    2.15    350,729,724 
                                        ------------  --------  ----------  --------  ----------- 
 

On 24 November 2023, Distil announced ("the Announcement") that pursuant to a Placing and Subscription it has conditionally raised GBP0.765 million through the issue of 218,571,428 Ordinary Shares at the Issue Price of 0.35 pence per share. The Placing and Subscription have been subscribed for by both new and existing investors.

218,571,428 new Ordinary Shares have today been allotted (91,428,571 Subscription Shares and 127,142,857 Placing Shares) under the Subscription and Placing respectively. In addition, 2,142,857 Fee Shares have today been allotted.

The Placing Shares, the Subscription Shares and the Fee Shares are expected to be admitted to trading on AIM at 8:00 a.m. on or around 13 December 2023.

Following Admission, the number of Ordinary Shares in issue and the number of voting rights will be 905,113,864. The figure of 905,113,864 Ordinary Shares may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Director / PDMR Shareholding

Following Admission, Grain GmbH, a company in which non executive Roland Grain has an interest, will have 213,619,107 shares which amounts to 23.60 % of the issued share capital.

Capitalised terms used but not defined herein shall have the same meanings given to them in the announcement of the Announcement published by the Company on 24 November 2023.

For further information please contact:

 
 Distil PLC 
 Don Goulding, Executive Chairman   Tel: [phone] 
                                   ---------------------- 
 SPARK Advisory Partners Limited 
  (NOMAD) 
                                   ---------------------- 
 Neil Baldwin                       Tel: [phone] 
  Mark Brady 
                                   ---------------------- 
 Turner Pope Investments (TPI) 
  Ltd 
  (Broker) 
                                   ---------------------- 
 Andy Thacker                       Tel: [phone] 
  James Pope 
                                   ---------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Name                              Roland Grain 
      --------------------------------  --------------------------------------- 
       Reason for notification 
  2 
      ------------------------------------------------------------------------- 
 a)    Position / status                 Non-Executive Director 
      --------------------------------  --------------------------------------- 
 b)    Initial notification /Amendment   Initial notification 
      --------------------------------  --------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                              Distil plc 
      --------------------------------  --------------------------------------- 
 b)    LEI                               213800G6BJQ18CKXWF05 
      --------------------------------  --------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------- 
 a)    Description of the financial 
        instrument, type of instrument     Ordinary shares of GBP0.001 each 
        Identification code                in Distil plc 
                                           ISIN : GB0030164023 
      --------------------------------  --------------------------------------- 
 b)    Nature of the transaction              (i) Subscription for new ordinary 
                                               shares by Grain GmbH, a company 
                                               in which Mr Roland Grain has an 
                                               interest. 
      --------------------------------  --------------------------------------- 
 c)    Price(s) and volumes(s)            Price(s)   Volumes(s) 
 
                                            0.35p      57,142,857 
      --------------------------------  --------------------------------------- 
 d)    Aggregated information            n/a 
      --------------------------------  --------------------------------------- 
 e)    Date of the transaction           12 December 2023 
      --------------------------------  --------------------------------------- 
 f)    Place of the transaction          Off market 
      --------------------------------  --------------------------------------- 
 

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December 12, 2023 05:48 ET (10:48 GMT)