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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Monchhichi | LSE:MCC | London | Ordinary Share | GB00B979BX21 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 39.50 | 39.00 | 40.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMCC
RNS Number : 9856U
Mercom Capital Plc
24 January 2017
For immediate release 24 January 2017
Mercom Capital Plc
("Mercom" or the "Company")
Result of General Meeting and Appointment of Nomad and Broker
Mercom is pleased to announce that at its General Meeting held at 11.00am today all resolutions were duly passed.
As a result the Company's name change to Monchhichi plc takes effect later today while the Company's existing TIDM remains as MCC.L. The Company's new website goes live today at www.monchhichi.life.
The new investing policy in the Technology, Media and Internet ("TMI") sectors takes immediate effect as does the appointment of Panmure Gordon as the Company's Nominated Adviser and Broker.
Pursuant to the terms of the deferred share buyback approved by Resolution 3 at the General Meeting, the Company has issued one ordinary share for cash and utilised the proceeds in buying back all of the outstanding deferred shares. The Company will now proceed to make an application to the High Court to approve the capital reduction approved by shareholders pursuant to Resolution 4 at the General Meeting.
Application has been made to the London Stock Exchange for the admission to trading of one new ordinary share. It is expected that admission will become effective on 30 January 2017.
The Company's share capital consists of 37,401,774 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company is 37,401,774. This figure 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.
Simon Fry, Chairman, commented:
"The new Board has been able to deal with a considerable number of housekeeping items in a short period of time. Following the passing of today's GM resolutions and the appointment of Panmure Gordon as Nomad and Broker, we can start the process of implementing our bespoke investment plans. We are confident that this will lead to a positive transformation of the Company in the future and we look forward to updating shareholders to that effect in the near term".
Enquiries +44 (0) 20 7466 Mercom Capital Plc 5000 Simon Fry, Chairman +44 (0) 20 7886 Panmure Gordon 2500 Nominated Adviser and Broker Dominic Morley +44 (0) 20 7466 Buchanan 5000 Financial Communications Richard Oldworth / Henry Harrison-Topham
This information is provided by RNS
The company news service from the London Stock Exchange
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January 24, 2017 09:00 ET (14:00 GMT)
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