RE: 6 million shares as a FEE2 Nov 2018 10:55
Hi all, Sorry I do not know why the link on here does not work as it works fine off the email as I just tried it again I even C7Ped it still does not work, no mention of the 6m shares ??? here is the relevant bit; 4. As at 28 June 2018 (being the last business day prior to the publication of this Notice) the Company's
issued ordinary share capital consists of 255,819,182 shares, carrying one vote each. Therefore, the total
voting rights in the Company as at 28 June 2018 are 255,819,182.
5. Resolution 4 asks shareholders to grant the Directors authority under section 551 of the Act to allot
shares or grant such subscription or conversion rights as are contemplated by sections 551 (1) (a) and
(b) respectively of the Act up to a maximum aggregate nominal value of £100,000, being approximately
39% of the nominal value of the issued ordinary share capital of the Company as at 28 June 2018. This
resolution is in customary form for an Annual General Meeting, but the size of the authority is greater
than that recommended under best practice corporate governance guidelines, but lower than the 55% of
the nominal value of the issued share capital of the company approved at the last Annual General
Meeting.
The authority will expire on the earlier to occur of 15 months after the passing of this resolution or the
conclusion of the next Annual General Meeting of the Company. However, the Directors consider it
important to have the maximum ability and flexibility commensurate with good corporate governance
guidelines to raise finance to enable the Company to respond to market development and conditions.
The Directors have no present intention of exercising such authority. The resolution replaces a similar
resolution passed at the Annual General Meeting of the Company held on 8 November 2017.
6. If the Directors wish to allot new shares or other equity securities for cash, the Act requires that such
shares or other equity securities are offered first to existing shareholders in proportion to their existing
holding. The allotment of equity securities as referred to in Resolution 5 includes the sale of any shares ,
Regards DM