Proxama PLC Result of AGM and GM (8992L)

TIDMPROX

RNS Number : 8992L

Proxama PLC

24 July 2017

24 July 2017

Proxama Plc

("Proxama" or the "Company")

Result of AGM and GM

Total Voting Rights

Proxama plc (AIM: PROX), the leading mobile proximity marketing expert, is pleased to announce that, at its annual general meeting ("AGM") and subsequent general meeting ("GM") held today all resolutions put forward were duly passed.

Total Voting Rights

Application has been made for the 181,800,000 VCT Placing Shares and 185,701,733 EIS Open Offer Shares to be admitted to trading on AIM, with admission expected to become effective at 08:00 A.M. on 25 July 2017 ("First Admission").

Application has also been made for the 1,000,000,000 Conversion Shares, 4,984,866,667 General Placing Shares and 4,984,047,399 Open Offer Shares to be admitted to trading on AIM, with admission expected to become effective at 08:00 A.M. on 26 July 2017 ("Second Admission").

Following Second Admission, the Company will have 13,745,747,069 Ordinary Shares of 0.01 pence each in issue with each Ordinary Share carrying the right to one vote. There are no Ordinary Shares currently held in treasury. The total number of voting rights in the Company therefore will be 13,745,747,069 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.

Directors' participation

The following table sets out the Directors' shareholdings and percentage interests in the issued share capital of the Company following Second Admission, for shares taken up by Directors in both the Placing and Open Offer:

 
                             Ordinary Shares            Participation                Immediately 
                             Prior to Placing           in the Placing             following Second 
                              and Open Offer                                          Admission 
---------------------  --------------------------  -----------------------  ---------------------------- 
                                       Percentage 
                              Number    of issued                   Number          Total     Percentage 
                         of Existing     Existing        Number    of Open         Number    of Enlarged 
                            Ordinary     Ordinary    of Placing      Offer    of Ordinary          Share 
                              Shares       Shares        Shares     Shares         Shares        Capital 
---------------------  -------------  -----------  ------------  ---------  -------------  ------------- 
 Current, Proposed 
  and Past Directors 
---------------------  -------------  -----------  ------------  ---------  -------------  ------------- 
 Kelvin Harrison 
  (Non- Executive 
  Chairman)                        -            -    66,666,666          -     66,666,666          0.48% 
---------------------  -------------  -----------  ------------  ---------  -------------  ------------- 
 John Kennedy 
  (Chief Executive 
  Officer)                   800,000        0.03%    83,333,333          -     84,133,333          0.61% 
---------------------  -------------  -----------  ------------  ---------  -------------  ------------- 
 Shaun Gregory 
  (Non-Executive 
  Director)                        -            -   166,666,666          -    166,666,666          1.21% 
---------------------  -------------  -----------  ------------  ---------  -------------  ------------- 
 Mark Slade 
  (Managing 
  Director)                        -            -   100,000,000          -    100,000,000          0.73% 
---------------------  -------------  -----------  ------------  ---------  -------------  ------------- 
 Dan Francis 
  (Chief Strategic 
  Officer)                         -            -    83,333,333          -     83,333,333          0.61% 
---------------------  -------------  -----------  ------------  ---------  -------------  ------------- 
 David Bailey 
  (Previous 
  Deputy Chairman)        33,342,125        1.38%   166,666,666          -    200,008,791          1.46% 
---------------------  -------------  -----------  ------------  ---------  -------------  ------------- 
 Total                    34,142,125        1.42%   666,666,664          -    700,808,789          5.10% 
---------------------  -------------  -----------  ------------  ---------  -------------  ------------- 
 

Unless otherwise defined in this announcement, defined terms used have the meaning given to them in the Circular posted to Shareholders on 30 June 2017.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

 
Enquiries: 
Proxama PLC                               Via Redleaf 
 John Kennedy 
Peel Hunt LLP 
 (Nominated Adviser and Broker) 
 Richard Kauffer/Euan Brown               020 7418 8900 
Redleaf Communications 
 Charlie Geller/Elise Palmer/Sam Modlin   020 7382 4769 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 24, 2017 06:54 ET (10:54 GMT)