Deepverge PLC Result of Meeting (3283G)

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RNS Number : 3283G

Deepverge PLC

14 November 2022

14 November 2022

DeepVerge PLC

("DeepVerge" or "the Company")

Result of General Meeting

Result of General Meeting

Following today's General Meeting ("GM") DeepVerge PLC is pleased to announce that both resolutions set out in the Notice of GM were approved by Shareholders.

The results of the voting for each resolution were as follows:

 
 Resolution                              For            % For      Against     % Against   Withheld 
 
        1. To authorise the directors 
        of the Company to allot 
        shares in the capital of 
        the Company in accordance 
        with section 551 of the 
        Companies Act 2006.                95,611,547     99.42%     552,944     0.58%       79,467 
                                        -------------  ---------  ----------  ----------  --------- 
 
        2. To authorise the directors 
        of the Company to allot 
        equity securities other 
        than in accordance with 
        statutory pre-emption rights 
        that would otherwise apply 
        pursuant to section 561 
        of the Companies Act 2006          95,284,770     99.07%     897,630     0.93%       61,558 
                                        -------------  ---------  ----------  ----------  --------- 
 

As at the date of the GM, the number of issued ordinary shares of the Company was 252,662,334 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held. Votes withheld are not votes in law and have not been counted in the calculation of the proportion of vote "for" or "against" a resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

Second Admission will become effective and dealings will commence in the 135,000,000 Second Tranche Placing Shares by 8.00 a.m. on 15 November 2022.

Third Admission will become effective and dealings will commence in the 303,784,044 Third Tranche Placing Shares, the 28,360,000 Subscription Shares and 40,750,000 Broker Offer Shares (totalling 372,794,044 new Ordinary Shares) by 8.00 a.m. on 16 November 2022.

March 2022 Loan

As set out in the notification of 27 October 2022, the Company expects to repay all amounts due under the March 2022 Loan facility with Riverfort within the next few days out of the proceeds of the Fundraising.

Terms and definitions in this notification are as defined in the notification of 27 October 2022.

For further information, please contact:

Enquiries:

 
                            Nigel Burton, 
 DeepVerge plc               Interim Chief Executive    [phone] 
 
 SPARK Advisory Partners 
  Limited 
  (Nominated Adviser)       Neil Baldwin                [phone] 
 
 Turner Pope Investments 
  (TPI) Limited             Andy Thacker/James 
  (Broker)                   Pope                       [phone] 
 

Market Abuse Regulation (MAR) Disclosure

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

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November 14, 2022 07:16 ET (12:16 GMT)