Hydrogen Group PLC Result of AGM and GM and Board appointment (9826G)

TIDMHYDG

RNS Number : 9826G

Hydrogen Group PLC

02 June 2017

HYDROGEN GROUP PLC

("Hydrogen" or the "Company" or "Group")

Result of Annual General Meeting and General Meeting

And Board appointment

Hydrogen (AIM: HYDG), the global specialist recruitment group, announces that at the Annual General Meeting held today the resolutions as set out in the Notice of Annual General Meeting were duly passed. In addition, further to the announcement on 9 May 2016 in relation to the Acquisition, the Directors are pleased to announce that the resolution proposed at the General Meeting of the Company held earlier today was also approved. Consequently, the acquisition of Argyll Scott (Holdings) Limited will proceed with John Hunter joining the board as Executive Director with immediate effect

Total voting rights

Application has been made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM and this is expected to become effective at 8.00 a.m. on Monday 5 June 2017 ("Admission"). On admission the Company's issued share capital will consist of 32,975,823 ordinary shares of GBP0.01 each ("Ordinary Shares"). No shares were held in treasury at the date of this announcement.

The total of 32,975,823 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Directors' shareholdings on Admission

 
 Director                  Number of New      Percentage of 
                            Ordinary Shares    Enlarged Share 
                                               Capital 
 Ian Temple (CEO)                 4,048,726            12.28% 
 John Hunter (Executive 
  Director)                       1,646,872             4.99% 
 Stephen Puckett 
  (Chairman)                        550,000             1.67% 
 Richard Green 
  (NED)                             166,666             0.51% 
 

Terms used in this announcement shall have the meanings given to them in the Company's shareholder circular dated 9 May 2017 ("Circular").

The Circular is available on the Company's website https://www.hydrogengroup.com/about-us/corporate-investors/.

For further information, please contact:

 
Hydrogen Group plc                 020 7090 7702 
Ian Temple, CEO 
 Stephen Puckett, Chairman 
 
Shore Capital (NOMAD and Broker)   020 7408 4090 
Bidhi Bhoma 
 Edward Mansfield 
 James Wolfe 
 

The following information is disclosed under Schedule 2 (g) of the AIM Rules.

   (i)     John Patrick Hunter, 49, is currently a director of: 
 
 Argyll Scott International Limited 
--------------------------------------- 
 Argyll Scott Technology Limited 
--------------------------------------- 
 Argyll Scott International (Hong Kong) 
  Limited 
--------------------------------------- 
 Argyll Scott (Hong Kong) Limited 
--------------------------------------- 
 Argyll Scott International (Singapore) 
  Pte Ltd 
--------------------------------------- 
 Argyll Scott Singapore Pte Ltd 
--------------------------------------- 
 Argyll Scott Malaysia Sdn Bhd 
--------------------------------------- 
 

(ii) Within the last 5 years, he has also served as a director or been a partner of the following companies:

 
 Acumen Resources Limited 
------------------------- 
 

John Hunter has confirmed that there is no other additional information to be disclosed under Schedule 2 (g) of the AIM Rules

Notes to Editors:

Hydrogen is a specialist recruitment business with a proven global platform with clients' in over 50 countries. Our mission is to empower the careers of our candidates whilst powering businesses by providing their key people. We deliver by building market leading specialist teams that develop a deep understanding of candidate and clients' needs and developing solutions.

http://www.hydrogengroup.com

About Argyll Scott

Argyll Scott recruits the very best talent for management positions across key business functions and sectors. With offices in London, Singapore, Hong Kong, Kuala Lumpur, Bangkok and Dubai, specialist recruitment teams work across the following specialisations; Accounting & Finance, Advanced Analytics & Data Science, Business Transformation, Executive Support, Financial Services, Human Resources, Insurance, Life Sciences, Procurement Retail, Sales & Marketing, Strategy, Supply Chain and Technology. Clients range from FTSE 100 multinationals to local SMEs.

www.argyllscott.com

This information is provided by RNS

The company news service from the London Stock Exchange

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June 02, 2017 04:14 ET (08:14 GMT)