Pelatro PLC Result of General Meeting (8886X)

TIDMPTRO

RNS Number : 8886X

Pelatro PLC

15 August 2018

15 August 2018

Pelatro Plc

("Pelatro" or the "Company")

Result of General Meeting

Further to Pelatro's announcement of 30 July 2018, the Company is pleased to announce the passing of the Resolutions at the General Meeting held earlier today.

Admission of the 2,092,055 EIS/VCT Placing Shares is expected to occur at 8.00 a.m. on 16 August 2018 and admission of the 6,127,124 General Placing Shares is expected to occur at 8.00 a.m. on 17 August 2018 (together the "Admission").

The Placing and Acquisition remain conditional on Admission of the New Ordinary Shares to AIM.

With effect from Admission the Company will have 32,532,431 Ordinary Shares in issue, with no shares held in treasury. Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement of 30 July 2018 unless the context requires otherwise.

Enquiries:

 
 Pelatro Plc                                                                              C/O IFC 
  Subash Menon, Managing Director 
  Nic Hellyer, Finance Director 
 finnCap Limited (Nominated Adviser and 
  Broker) 
  Adrian Hargrave / Kate Bannatyne (Corporate 
  Finance) 
  Stephen Norcross / Nikita Jain (Corporate 
  Broking)                                                                    [phone] 
  IFC Advisory Limited (Financial PR & IR) 
   Tim Metcalfe / Miles Nolan / Zach Cohen                                    [phone] 
 

Notes to Editors

Pelatro provides precision marketing software for use by its customers in B2C applications, with a current focus on providing multi channel campaign management software to Telcos that provides a contextualised, relevant and personalised solution for end users.

Pelatro's precision marketing solution, mViva, uses Big Data analytics to study growing end user data to reveal patterns, trends, associations and key behavioural traits. mViva then applies algorithms to analyse this data and to identify patterns for each end user. Based on this analysis, relevant offers (which can include additional services or customised campaigns) are made to end users through a variety of channels like SMS, email and apps. mViva allows customers to generate smaller relevant segments of end users, which can be as small as one end user. By using mViva's targeted approach, Pelatro's customers have experienced an increase of up to 5 per cent. of annual incremental revenue per end user through the upselling of products.

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August 15, 2018 06:30 ET (10:30 GMT)