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FDBK Feedback Plc

130.00
-10.00 (-7.14%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Feedback Plc LSE:FDBK London Ordinary Share GB00BJN59X09 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00 -7.14% 130.00 125.00 135.00 140.00 125.00 140.00 22,878 14:00:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Computers 1.03M -2.92M -0.2188 -5.94 17.34M

Feedback PLC Result of Open Offer and General Meeting (7408R)

01/07/2020 12:46pm

UK Regulatory


Feedback (LSE:FDBK)
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TIDMFDBK

RNS Number : 7408R

Feedback PLC

01 July 2020

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").

Feedback plc

Result of Open Offer and General Meeting

London, 1 July 2020: Feedback plc (AIM: FDBK, "Feedback" or the "Company"), t he specialist medical imaging technology company, announced on 15 June 2020, that it had co nditionally raised GBP5.05 million through the placing of 505,000,000 new ordinary shares in the Company, and, in addition, had provided all qualifying shareholders with the opportunity to subscribe for an aggregate of up to 53,994,991 new ordinary shares at the issue price of 1 penny per share, pursuant to the Open Offer.

Result of Open Offer

Feedback announces that valid applications were received in respect of, in aggregate, 21,981,769 Open Offer Shares, raising gross proceeds of GBP219,817.69. Therefore, the total amount raised pursuant to the Placing and Open Offer is approximately GBP5.27 million. Both the Open Offer and the Placing were conditional on shareholder approval at the general meeting held earlier today.

Result of General Meeting

The Company announces that, at its general meeting held earlier today, all resolutions were duly passed. As a result, the 505,000,000 Placing Shares and 21,981,769 Open Offer Shares are expected to be admitted to trading on AIM on 3 July 2020 ("Admission"). The proxy voting results of the resolutions were as follows:

 
 Resolutions                   Votes For*    % of      Votes      % of      Votes        Total votes 
                                              votes     Against    votes     Withheld**   cast** 
                                              cast**               cast** 
 Ordinary Resolutions 
 1. To authorise the 
  directors to allot 
  Ordinary Shares pursuant 
  to the Placing and 
  Open Offer                   207,687,480     99.89    221,474      0.11        44,560  207,908,954 
                              ------------  --------  ---------  --------  ------------  ----------- 
 2. To authorise the 
  directors to allot 
  further shares (or 
  grant rights in respect 
  thereof) pursuant 
  to Section 551 of 
  the Companies Act 
  2006                         207,657,443     99.89    221,474      0.11        74,597  207,878,917 
                              ------------  --------  ---------  --------  ------------  ----------- 
 Special Resolutions 
 3. General disapplication 
  of pre-emption rights 
  on Ordinary Shares 
  pursuant to the Placing 
  and Open Offer               207,657,443     99.89    221,474      0.11        74,597  207,878,917 
                              ------------  --------  ---------  --------  ------------  ----------- 
 4. To authorise the 
  directors to allot 
  further equity securities 
  pursuant to Section 
  570 of the Companies 
  Act 2006                     207,657,443     99.89    221,474      0.11        74,597  207,878,917 
                              ------------  --------  ---------  --------  ------------  ----------- 
 

*Votes "For" include votes giving the Chairman discretion.

** A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution, nor in the "Total votes cast".

Director Shareholding

Rory Shaw, Chairman of Feedback, has subscribed for 416,667 new ordinary shares pursuant to the Open Offer. Therefore, from Admission, Rory Shaw will hold 4,583,334 ordinary shares, representing 0.43 per cent. of the Company's issued share capital. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

Total Voting Rights

On Admission, the Company will have 1,066,931,686 ordinary shares of 0.25p each in issue, each with one voting right. There are no shares held in treasury. Therefore, from Admission, the total number of ordinary shares and voting rights in the Company will be 1,066,931,686.

The above figure of 1,066,931,686 may be used by shareholders from Admission 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement shall have the same meaning as in the announcement of 15 June 2020 unless otherwise defined herein.

Enquiries:

 
  Feedback plc                                  +44 (0)1954 718072 
   Tom Oakley, CEO                               IR@fbk.com 
   Lindsay Melvin, CFO 
 
 Allenby Capital Limited (Nominated Adviser) 
  David Worlidge / Asha Chotai                  +44 (0)20 3328 5656 
 
 Peterhouse Capital Limited (Joint Broker) 
  Lucy Williams / Duncan Vasey                  +44 (0)20 7469 0936 
 
 Stanford Capital Partners Limited (Joint 
  Broker) 
  Patrick Claridge / John Howes                 +44 20 3815 8880 
 
 Instinctif Partners                            +44 (0)20 7457 2020 
  Melanie Toyne-Sewell / Phillip Marriage        +44 7890 022 814 
                                                 feedbackplc@instinctif.com 
 

Notes to editors

About Feedback plc - www.fbk.com

Feedback plc (AIM: FDBK) is a specialist medical imaging technology company providing innovative software and systems, through its fully-owned trading subsidiary, Feedback Medical Limited. Its products advance the work of radiologists, clinicians and medical researchers by improving workflows and giving unique insights into diseases, particularly cancer.

Feedback has launched Bleepa, a new secure, encrypted medical communication app for clinicians accessible through smartphones, tablets and desktops that facilitates rapid clinical messaging and review of medical grade imaging for all members of a clinical team, directly from a hospital Picture Archiving and Communications System (PACS). For more information on Bleepa , see www.bleepa.com .

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Rory Shaw 
     ---------------------  ----------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status        Chairman 
     ---------------------  ----------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                   Feedback plc 
     ---------------------  ----------------------------------------- 
 b)   LEI                    213800UGOF2GT2U2RV90 
     ---------------------  ----------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------- 
 a)   Description            Ordinary Shares of 0.25p each 
       of the financial 
       instrument,            Identification code (ISIN) for Feedback 
       type of instrument     plc ordinary shares: GB0003340550 
       Identification 
       code 
     ---------------------  ----------------------------------------- 
 b)   Nature of the          Subscription of Ordinary Shares pursuant 
       transaction            to the Open Offer 
     ---------------------  ----------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                1p         416,667 
                                          ---------- 
     ---------------------  ----------------------------------------- 
 d)   Aggregated 
       information             N/A 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------------- 
 e)   Date of the            1 July 2020 
       transaction 
     ---------------------  ----------------------------------------- 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ----------------------------------------- 
 

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.

END

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July 01, 2020 07:46 ET (11:46 GMT)

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