Simian Global Plc Results of General Meeting

 
TIDMSMG 
 
SIMIAN GLOBAL PLC 
 
                          Results of General Meeting 
 
                             18 June 2018 at 14:00 
 
Simian Global plc (the "Company") is pleased to announce that all resolutions 
were passed at its general meeting held today on 18 June 2018 at 11.00 a.m., 
including the following: 
 
1.    that the proposed acquisition of GVC Holdings Limited be approved; 
 
2.    that the obligation for the concert party to make a general offer for all 
the ordinary shares of the Company pursuant to Rule 9 of the City Code on 
Takeovers and Mergers be waived; 
 
3.    that, in connection with the acquisition of GVC Holdings Limited, the 
directors of the Company be authorised to issue and allot equity securities up 
to an aggregate nominal amount of GBP10,205,707.90 representing the following: 
 
        a.    GBP7,659,574.60 comprising the nominal amount of consideration 
shares; 
 
        b.    GBP673,333.30 comprising the nominal amount of the placing shares; 
 
        c.     GBP672,800.00 comprising the nominal amount of the success fee 
shares; and 
 
        d.    GBP1,200,000.00 comprising the nominal amount of the share options. 
 
4.    that the directors be authorised to grant options to the directors, 
pursuant to the terms summarised in the Company's prospectus dated 6 June 2018; 
 
5.    that section 561 of the Companies Act 2006 be disapplied in connection 
with the Company's acquisition of GVC Holdings Limited; and 
 
6.    that the name of the Company be changed to "Grand Vision Media Holdings 
plc". 
 
The full text of the resolutions is set out in the Company's prospectus, which 
is available on the Company's website, www.simianglobal.com. 
 
Accordingly, subject only to admission becoming effective from 8.00 a.m. on 19 
June 2018, the Company will complete the acquisition of the entire issued share 
capital of GVC Holdings Limited. 
 
On Admission, the Company will have an issued share capital of 96,287,079 
Ordinary Shares of 10p each. 
 
For more information: 
 
Simian Global Plc                      www.simianglobal.com 
 
Edward Kwan-Mang Ng, Director          Tel: [phone] 
                                       or [e-mail] 
 
 
 
Alfred Henry Corporate Finance Ltd 
 
Jon Isaacs or Nick Michaels            Tel: [phone] 
                                       or [e-mail] 
 
 
 
END 
 

(END) Dow Jones Newswires

June 18, 2018 09:00 ET (13:00 GMT)