Gloo Networks PLC Result of General Meeting (1995Q)

TIDMGLOO

RNS Number : 1995Q

Gloo Networks PLC

04 June 2018

4 June 2018

LEI number: 21380078XGCMNMEIU311

Gloo Networks plc

("Gloo" or "the Company")

Result of General Meeting

Delisting of Gloo Networks plc from AIM and Distribution to Shareholders

London, 4 June 2018 - Further to the announcement made on 11 May 2018 of the proposed delisting of Gloo Networks plc from AIM, the Company announces that, at its General Meeting held earlier today, all resolutions were duly passed by the requisite majorities.

As a result, the Company's last day of dealings in Ordinary Shares on AIM was 1 June 2018 and the Cancellation will become effective at 7.00 a.m. on 5 June 2018. As described in the circular to Shareholders dated 11 May 2018, the Directors expect that an initial distribution of 43 pence per Ordinary Share will be paid as soon as operationally possible following the appointment of the Liquidators today, and in any event no later than 31 July 2018. It is anticipated that distributions will be made during the winding-up process which is expected to be concluded before the end of June 2019.

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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

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(END) Dow Jones Newswires

June 04, 2018 06:29 ET (10:29 GMT)