Tekmar Group PLC Result of General Meeting (5839A)

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RNS Number : 5839A

Tekmar Group PLC

12 September 2018

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain

For immediate release: 12 September 2018

Tekmar Group plc

("Tekmar", the "Group" or the "Company")

Result of General Meeting

Tekmar Group plc, a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, is pleased to announce that at the General Meeting of Tekmar, held earlier today, all resolutions, including those relating to the proposed Acquisition of Subsea Innovation Ltd, were passed.

Full details of the resolutions passed are set out in Tekmar's Notice of General Meeting dated 21 August 2018 (the "Notice"), which is available on Tekmar's website, https://investors.tekmar.co.uk. Capitalised terms used but not defined in this announcement have the meaning given in the Notice.

Application will be made for the 645,161 Consideration Shares to be admitted to trading on AIM at 8.00 a.m. on 18 September 2018. Following Admission of the Consideration Shares, the Company's issued share capital will consist of 50,645,161 Ordinary Shares. There are no Ordinary Shares held in treasury. Therefore, in accordance with the FCA's Disclosure and Transparency Rule 5.6.1, the Company confirms that following Admission of the Consideration Shares, the total number of voting rights in the Company will be 50,645,161.

For further information contact:

 
Tekmar Group plc 
 James Ritchie-Bland, Chief Executive Officer 
 Sue Hurst, Chief Financial Officer               [phone] 
 
Grant Thornton UK LLP (Nominated Adviser) 
 Philip Secrett / Jen Clarke                      [phone] 
 
Berenberg (Broker) 
 Chris Bowman / Ben Wright / Laure Fine           [phone] 
 
Belvedere Communications (Financial PR) 
 John West / Llew Angus                           [phone] 
 

About Tekmar Group plc - www.tekmar.co.uk

Tekmar Group plc is a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services.

It operates two primary divisions: the Offshore Wind Farm division, which focuses on the provision of subsea protection for power transmission cables from and between offshore wind turbines, and the Subsea division which focuses primarily on the provision of subsea protection for umbilicals and flexible pipes to the oil and gas market. Both divisions are supported by AgileTek which provides subsea analysis, simulation and engineering consultancy services.

The Group is headquartered in Newton Aycliffe in the United Kingdom in a 70,000 sq ft facility that includes the manufacturing centre, HSQE centre and business administration, and a 30,000 sq ft facility that includes product testing, client-training centre and the sales, project and engineering offices. AgileTek operates from an office in London and has offices supporting its Offshore Wind Farm division in Hamburg (Germany) and Shanghai (China). Tekmar has appointed sales agents in Busan (South Korea) and Boston (United States) for the Offshore Wind Farm division and in Singapore and Abu Dhabi (United Arab Emirates) for the Subsea division.

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September 12, 2018 08:45 ET (12:45 GMT)