Vitesse Media PLC Result of General Meeting and Change of Name (0779Y)

TIDMVIS

RNS Number : 0779Y

Vitesse Media PLC

16 August 2018

16 August 2018

Vitesse Media plc

("Vitesse" or the "Company")

Result of General Meeting, Change of Name and New Website

Vitesse Media plc, the AIM quoted digital media and events business, is pleased to announce that at the General Meeting held earlier today all Resolutions were duly passed. Accordingly, the Share Reorganisation will take place after close of business today and the acquisition of the trade and assets of InvestmentNews and a placing to raise approximately GBP19.4 million will complete at 8.00 a.m. on 17 August 2018, at which time the Entire Share Capital will be admitted to trading on AIM. A further announcement confirming that Completion has taken place will be released by the Company after 8.00 a.m. tomorrow.

Change of Name and New Website

At the General Meeting, Shareholders approved the change of the Company's name from Vitesse Media plc to Bonhill Group plc. The change of name will be effective once Companies House has issued a certificate of incorporation on change of name, which is expected to be issued later today. The Entire Share Capital will trade on AIM under the new name of Bonhill Group plc and the new TIDM of 'BONH' (previously 'VIS') from 8.00 a.m. tomorrow.

The Entire Share Capital will trade under a new ISIN and SEDOL as follows:

ISIN - GB00BFWYSS80

SEDOL - BFWYSS8

At 7.00 a.m. tomorrow, the Company's new website will go live at www.bonhillplc.com.

Issue of Excess EIS/VCT Shares

A total of 900,000 Excess EIS/VCT Shares are being issued by the Company. Further to its announcement of 31 July 2018, the Company confirms that it has not yet received a response from HMRC in relation to its application for advance assurance that the EIS Placing Shares and the VCT Placing Shares (and any Excess EIS/VCT Shares) will rank as "eligible shares" for the purposes of EIS and will be capable of being a "qualifying holding" for the purposes of investment by VCTs.

Details of the resultant Director and PDMR shareholdings and significant shareholders and total voting rights will be set out in the Company's announcement to be released tomorrow.

Save as defined herein, capitalised terms have the same meaning as in the Admission Document, copies of which are available on the Company's website.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").

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For further enquiries please contact:

 
 Vitesse Media plc                           [phone] 
 Simon Stilwell, Chief Executive 
  David Brown, Group Finance Director 
 Stockdale Securities Limited (Nominated 
  Adviser and Joint Broker)                  [phone] 
 Tom Griffiths 
  Ed Thomas 
  David Coaten 
 Canaccord Genuity Limited (Joint Broker) 
  Simon Bridges 
  Richard Andrews 
  Ben Griffiths (ECM) 
  Sam Lucas (ECM)                            [phone] 
 Belvedere Communications (Financial PR)     [phone] 
 John West 
  Cat Valentine 
  Kim van Beeck 
 

About Vitesse Media plc

Vitesse Media plc is an AIM-quoted leading B2B media business specialising in three key areas: Business Information, Live Events and Data and Insight in three key sectors: Technology, Financial Services and Diversity. Vitesse's ambition is to create content that informs, communities that engage and brands that inspire in order to enable a better business environment for our sponsors and clients.

Vitesse's flagship titles include SmallBusiness.co.uk, Growth Company Investor, Information Age, GrowthBusiness.co.uk and What Investment. Vitesse Media is also responsible for a growing portfolio of high-profile events, including The Quoted Company Awards, Women in IT Awards and British Small Business Awards, amongst others.

For more information visit www.vitessemedia.com

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 [e-mail] or visit www.rns.com.

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(END) Dow Jones Newswires

August 16, 2018 11:25 ET (15:25 GMT)