As part of the Annual General Meeting the Directors would have renewed the shareholders' authority to increase the issue share cap base by renewing sections 80,85,95 Companies Act authorities in which they are duly authorised to issue new shares without the need of convening a shareholder meeting and having to go to the shareholders each time. So expect more shares to be issued in the coming months. But that is only GedW's position.
The Directors will convene a Board Meeting immediately after the AGM and request that the Nomad via their regulatory news information service to notify the London Stock Exchange of the results of the AGM which in turn will release a Regulatory News Service announcement confirming the AGM results, either later today but not later than 7am tomorrow. Should all resolutions be passed thay will become effective from 8am tomorrow at the star of that session's trading.
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