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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tau Capital Plc | LSE:TAU | London | Ordinary Share | IM00B1VVFG94 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00175 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTAU
RNS Number : 4619V
Tau Capital PLC
08 April 2019
8 April 2019
Tau Capital plc
("Tau" or the "Company")
Result of Extraordinary General Meeting
Update on Placing, Distribution of Cash and Prospective Board Changes
Further to the Company's announcement made on 15 March 2019, Tau announces that at the Company's Extraordinary General Meeting, held earlier today, all resolutions proposed (the "Resolutions") were duly passed.
Accordingly, it is expected that Admission will become effective and dealings in the Placing Shares and the New Ordinary Shares of no par value will commence, at 8:00 am tomorrow, 9 April 2019. It is expected that the distribution of Net Cash will be completed by 12 April 2019.
It is anticipated that the prospective Board changes, as detailed in the Company's circular to Shareholders dated 15 March 2019 (the "Circular") will occur at a point this week. Further announcements in this respect will be made in due course.
Following Admission, the Company's issued ordinary share capital will comprise 198,984,680 New Ordinary Shares of no par value (including the Placing Shares). The Company does not hold any shares in treasury. This figure (198,984,680) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
As described in the Circular, upon Admission, the Company will grant a total of 1,989,846 warrants over New Ordinary Shares to Allenby Capital Limited, pursuant to an agreement dated 9 December 2016. Each warrant will entitle Allenby Capital Limited to subscribe for one New Ordinary Share at an exercise price of US$0.001, being equal to the Placing Price, at any time until the date that is three years from Admission (the "Warrant Shares").
The results of voting on the Resolutions were as follows:
Resolution Votes for* % Votes against Votes total Votes withheld** Resolution 1 30,750,626 100 Nil 30,750,626 Nil Resolution 2 30,750,626 100 Nil 30,750,626 Nil Resolution 3 30,750,626 100 Nil 30,750,626 Nil
*Includes discretionary votes.
**A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any of the resolutions.
As at today's date, the Company has 48,984,680 Ordinary Shares in issue, each with one voting right. There are no treasury shares in the Company.
Defined terms used but not defined in this announcement have their meanings set out in the Circular.
Further information, please contact:
FIM Capital Limited Philip Scales Tel: +44 (0) 1624 681250 Allenby Capital Limited (Nominated Tel: +44 (0) 203 328 5656 Adviser and Joint Broker) John Depasquale / Alex Brearley Tel: +44 (0) 207 469 0933 Peterhouse Capital Limited (Joint Broker) Lucy Williams / Eran Zucker
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
ROMLLFSISAITIIA
(END) Dow Jones Newswires
April 08, 2019 06:51 ET (10:51 GMT)
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