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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Redstonecon | LSE:REDS | London | Ordinary Share | GB00BYWN0F98 | ORD SHS 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 101.25 | 100.00 | 102.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMREDS
RNS Number : 1677H
RedstoneConnect PLC
05 June 2017
5 June 2017
RedstoneConnect plc
("RedstoneConnect" or the "Company")
Result of Annual General Meeting
1:100 share consolidation and capital reduction
RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, is pleased to announce that at the Company's Annual General Meeting held today all resolutions were passed.
Share Consolidation and Capital Reduction
Following approval by shareholders of the Company's proposed share consolidation based on every 100 existing ordinary shares being consolidated into one new ordinary share of 10p each (the "Share Consolidation"), the 2,078,479,485 shares of 0.1p each in the issued share capital of the Company (the "Existing Issued Share Capital") will be consolidated into 20,784,795 ordinary shares of 10p each (the "New Issued Ordinary Shares"), effective 6 June 2017.
The record date for the Share Consolidation is 5 June and the latest time and date for dealings in the Existing Issued Share Capital will be close of business on 5 June 2017. Application has been made for the 20,784,795 New Issued Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence in the 20,784,795 New Issued Ordinary Shares at 8.00 a.m. on 6 June 2017. The ISIN code for the Company's New Issued Ordinary Shares will be GB00BYWN0F98.
Capital Reduction
Following the approval by shareholders of the proposed capital reduction ("Capital Reduction"), the Company will now proceed with the application to the courts in respect of the Capital Reduction.
The anticipated date for the completion of the Capital Reduction is on or around 28 June 2017.
Further details regarding the Share Consolidation and the Capital Reduction can be found within the circular sent to shareholders dated 12 May 2017, available at www.redstoneconnectplc.com
Enquiries:
RedstoneConnect Plc via Vigo Communications Mark Braund (CEO) Spencer Dredge (CFO) Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Marc Milmo/Phil Davies/Catherine +44 (0)20 7894 Leftley/Callum Butterfield 7000 Whitman Howard Limited (Joint Broker) +44 (0)207 659 Nick Lovering 1234 Vigo Communications (Financial Public Relations) Jeremy Garcia / Ben Simons / Antonia Pollock +44 (0)20 7830 reds@vigocomms.com 9700
About RedstoneConnect
RedstoneConnect is focused on technologies that make real estate more efficient and businesses more effective. Its businesses, Redstone, Connect IB, Commensus and Anders +Kern provide the infrastructure capabilities and the software applications to deliver smart building and smart workspace solutions for commercial businesses, public sector organisations, real estate owners and managers. Visit our website at www.redstoneconnectplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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June 05, 2017 08:13 ET (12:13 GMT)
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