Daily Internet PLC Result of AGM, GM and Change of Name (2879D)

TIDMDAIP

RNS Number : 2879D

Daily Internet PLC

05 July 2016

5 July 2016

Daily Internet plc

("Daily Internet" or the "Company" or the "Group")

Result of Annual General Meeting, General Meeting and Change of Name

The Board of Daily Internet (AIM: DAIP) is pleased to announce that at the Annual General Meeting held today the resolutions as set out in the Notice of Annual General Meeting were duly passed. In addition, further to the announcement on 15 June 2016 in relation to the Proposals, the Directors are pleased to announce that all resolutions proposed at the General Meeting of the Company held earlier today were approved. Consequently, the acquisition of System Professional Ltd will proceed and in addition the Company's name will change to SysGroup plc ("SysGroup"). Following the change of name, the Company's ticker will change to 'SYS'.

Following the Share Consolidation, the Company's ISIN and SEDOL will change to GB00BYT18182 and BYT1818, respectively. It is expected that the New Ordinary Shares arising as a result of the Share Consolidation in respect of Existing Ordinary Shares held in uncertificated form, i.e. in CREST, will be credited to the relevant CREST accounts on 6 July 2016.

Total voting rights

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM and this is expected to become effective at 8.00 a.m. on Wednesday 6 July 2016. Following completion of the Share Consolidation, the Company's issued share capital will consist of 22,151,151 New Ordinary Shares. No shares were held in treasury at the date of this announcement.

The total of 21,151,151 New Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Directors' shareholdings on Admission

 
 Director              Number of New     Percentage of 
                     Ordinary Shares    Enlarged Share 
                                               Capital 
 Chris Evans                 735,732             3.32% 
 Michael Edelson             689,600             3.11% 
 Rob Khalastchy                6,346             0.03% 
 Julie Ann Joyce               3,750             0.02% 
 

Terms used in this announcement shall have the meanings given to them in the Company's shareholder circular dated 15 June 2016 ("Circular").

The Circular is available on the Company's website www.sysgroup.com

For further information, please contact:

 
 Daily Internet plc              Tel: [phone] 
  Chris Evans, Chief Executive    1777 
  Julie Joyce, Finance 
  Director 
 Shore Capital (Nomad            Tel: [phone] 
  and Broker)                     4090 
  Bidhi Bhoma / Edward 
  Mansfield 
 Newgate Communications          Tel: [phone] 
  Bob Huxford / Adam Lloyd        9848 
  / Ed Treadwell 
 

About SysGroup

SysGroup is a leading provider of Cloud Hosting, Managed Services and expert IT Consultancy. The Group deliver solutions that ensure clients understand and benefit from industry-leading technologies and advanced hosting capabilities. The SysGroup team focuses on a customer's strategic and operational requirements - enabling them to free up resources, grow their core business and avoid the distractions and complexity of delivering IT services.

The Group has offices in Liverpool, Nottingham, Coventry, London and East Sussex.

For more information, visit http://www.sysgroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

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July 05, 2016 06:50 ET (10:50 GMT)