Marlowe PLC Result of General Meeting (0953T)

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RNS Number : 0953T

Marlowe PLC

15 July 2020

15 July 2020

Marlowe plc

Result of General Meeting

Marlowe plc ("Marlowe" or the "Company"), the specialist services group focused on developing companies which assure safety and regulatory compliance, is pleased to confirm that, at the General Meeting held today, all resolutions proposed were duly passed.

Accordingly, further to the Results of the Placing announcement dated 26 June 2020, the Company confirms that, subject to among other matters admission becoming effective, it will on 17 July 2020 issue and allot 3,957,770 new ordinary shares of 50 pence each ("New Ordinary Shares") at a price of 478 pence per share pursuant to the Second Placing. The New Ordinary Shares will represent approximately 7.3 per cent. of the Company's enlarged ordinary share capital.

Further details of the Acquisition and the Placing can be found in the announcement dated 26 June 2020 and the circular posted to shareholders on 29 June 2020. Other than where defined, capitalised terms used in this announcement have the meanings given to them in the announcement dated 26 June 2020.

Total Voting Rights

Following admission of the New Ordinary Shares, the Company's issued ordinary share capital will comprise 54,413,759 ordinary shares, none of which are held in treasury. Therefore, the total number of ordinary shares with voting rights in Marlowe following admission will be 54,413,759.

The above figure of 54,413,759 may be used by shareholders 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.

For further information:

 
 Marlowe plc                               www.marloweplc.com 
 Alex Dacre, Chief Executive               Tel: [phone] 
                                            6194 
 Mark Adams, Group Finance Director        [e-mail] 
 
 Cenkos Securities plc - Nominated Adviser & Joint Broker 
 Nicholas Wells                            Tel: [phone] 
                                            8900 
 Ben Jeynes 
 Harry Hargreaves 
 
 Joh. Berenberg, Gossler & Co. KG, London Branch - Joint Broker 
 Mark Whitmore                             Tel: [phone] 
  Ben Wright                                7800 
 Yudith Karunaratna 
 
 FTI Consulting 
 Nick Hasell                               Tel: [phone] 
                                            1340 
 Alex Le May 
 

About Marlowe plc

Marlowe is a UK leader in specialist services which assure safety and regulatory compliance, whilst managing risk for businesses across the country. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated inspection, testing and compliance services. It is focused on health & safety, employment law compliance, fire safety, security, water treatment & hygiene, air quality and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides technology enabled services to over 15% of Britain's commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

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 [e-mail] or visit www.rns.com.

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July 15, 2020 06:20 ET (10:20 GMT)