Gloo Networks PLC Posting of Circular and Resignation of Directors (7361N)

TIDMGLOO

RNS Number : 7361N

Gloo Networks PLC

11 May 2018

Gloo Networks plc

11 May 2018

Posting of Circular and Resignation of Directors

Further to its announcement on 3 May 2018, Gloo Networks plc ("Gloo" or the "Company") announces that it has today published an explanatory circular providing further information on the its proposed Return of Capital and Delisting, which contains a notice of a general meeting of the Company and encloses a form of proxy. These documents can be found at the Company's website at www.gloonetworks.com and are being posted to Shareholders today. The General Meeting is to be held at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL at 10.00 a.m. on 4 June 2018.

Gloo further announces that it has accepted notice of the resignations of each of its Directors, such resignations to take effect from and conditional upon the passing of the Resolution to appoint a liquidator.

The expected timetable for the proposed Delisting is as follows:

 
 Announcement of proposed Delisting and                   3 May 2018 
  Return of Capital 
 Publication of the Circular                             11 May 2018 
 Latest time and date for receipt of                10.00 a.m. on 31 
  Forms of Proxy and CREST Proxy Instructions               May 2018 
  for the General Meeting 
 Record time for those Shareholders on           6.00 p.m. on 31 May 
  the Register of Members entitled to                           2018 
  attend or vote at the General Meeting 
 Latest time and date for dealings in            4.35 p.m. on 1 June 
  Ordinary Shares prior to suspension                           2018 
 General Meeting                                10.00 a.m. on 4 June 
                                                                2018 
 
 Cancellation of admission to trading            7.00 a.m. on 5 June 
  on AIM (2)                                                    2018 
 

Notes:

(1) All references are to London times. The dates and times given are indicative only and are based on the Company's current expectations and may be subject to change. If any of the times and/or dates above change, the revised times and/or dates will be notified to Shareholders by announcement through a regulatory information service.

(2) Conditional on the passing of Resolution 1 at the General Meeting.

All defined terms in this announcement have the same meaning as those in the Circular unless otherwise stated.

Enquiries:

Gloo Networks plc

Rebecca Miskin, Chief Executive Officer (through Teneo Blue Rubicon)

Teneo Blue Rubicon (Financial communications adviser)

Tel: [phone]

Paul Durman/Shona Buchanan

Liberum Capital Limited (Nominated Adviser and Joint Broker)

Tel: [phone]

Neil Elliot/Chris Clarke

Numis Securities Limited (Joint Broker)

Tel: [phone]

Nick Westlake/Michael Wharton

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

Rebecca Miskin is Chief Executive Officer of Gloo Networks plc, which has its offices at 20 Buckingham Street, London WC2N 6EF and has the LEI 21380078XGCMNMEIU311.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 11, 2018 02:00 ET (06:00 GMT)