Progility PLC Result of General Meeting and Cancellation (1720U)

TIDMPGY

RNS Number : 1720U

Progility PLC

10 July 2018

FOR IMMEDIATE RELEASE:

10 JULY 2018

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU NO. 596/2014 ("MAR").

PROGILITY PLC

("Progility" or "the Company" or "the Group")

RESULT OF GENERAL MEETING

CANCELLATION OF ADMISSION TO TRADING ON AIM

Progility plc (AIM: PGY) announces that, at the General Meeting held today, all the Resolutions, including the Resolution to approve the cancellation of trading of the Company's Ordinary Shares on AIM, were duly passed. Resolutions 1 and 2 were passed on a show of hands, Resolution 3 was passed on a poll, the result of which is set out below:

 
   Resolution       Votes       %     Votes against    %     Votes total     % of     Votes withheld 
        3            for                                                    issued 
                                                                             share 
                                                                            capital 
 To approve 
  cancellation 
  of Admission 
  to trading 
  of the 
  Company's 
  Ordinary 
  Shares 
  on AIM.         1,294,920   98.23          23,347   1.77     1,318,267    82.53                  0 
                 ----------  ------  --------------  -----  ------------  ---------  --------------- 
 

As a result, trading in the Company's Ordinary Shares on AIM will cease at the close of business on Friday 20 July 2018, with cancellation of such trading taking effect from 7.00 a.m. on Monday 23 July 2018.

The Purchase Facility, full details of which are set out in the circular to Shareholders dated 22 June 2018, will remain available to Minority Shareholders until the closing of the Sale Period at 1.00 p.m. on 3 August 2018.

Timetable of principal events

 
 
                                                             2018 
 Last day for dealings in Shares on AIM                   20 July 
                                                     7.00 a.m. on 
 Cancellation of trading of Shares on AIM                 23 July 
                                                     1.00 p.m. on 
 Sale Period closes                                      3 August 
                                                     6.00 p.m. on 
 Record Time                                             3 August 
                                                    on or about 6 
 Announcement of take up of the Purchase Facility          August 
 Cheques despatched and payment through CREST        by 13 August 
  for the Purchase Facility                                  2018 
 

Documents

The circular to Shareholders dated 22 June 2018, which gives details of the Purchase Facility (including the Terms and Conditions), is available on the Company's website: www.progility.com. Terms in this announcement have the same meaning as in the circular.

Further announcements will be made as appropriate.

For further information, please contact:

Progility plc

Wayne Bos

Executive Chairman

020 7371 4444

www.progility.com

SPARK Advisory Partners Limited (Nominated Adviser)

Mark Brady

020 3368 3551

W H Ireland Limited

(Broker)

Adrian Hadden

020 7220 1666

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END

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July 10, 2018 06:06 ET (10:06 GMT)