RNS27 Feb 2019 15:05
Polemos plc (AIM: PLMO), announces that at the General Meeting of the Company held today, all resolutions put to shareholders were duly passed. Consequently, the acquisitions of Digitalbox Publishing (Holdings) Limited and Mashed Productions Limited, the Placing, the MVC Subscription, the conversion of loan notes, the Share Reorganisation and various other matters (details of which were set out in a circular to shareholders dated 8 February 2019 (the "Admission Document")) can now proceed to completion and the change of the Company's name to Digitalbox plc can be registered at Companies House.
Resolution numbered 1 in the Notice of General Meeting, being an ordinary resolution to be voted on by the Independent Shareholders to approve the waiver by the Takeover Panel of the obligation that would otherwise arise for the Concert Party to make a general offer for the Enlarged Group under the Rule 9 of the Takeover Code ("Whitewash Resolution"), was passed on a poll with 11,461,340 votes of Independent Shareholders, in favour and 270 votes against.
Completion of the DBPH Acquisition and admission of the Company's Ordinary Shares to trading on AIM is expected to take place at 8.00 a.m. on 28 February 2019 ("First Admission"), with the MP Acquisition and Admission of the MP Consideration Shares expected to complete on 5 March 2019 ("Second Admission").
In addition at the General Meeting, the appointments of James Carter, Jim Douglas, David Joseph, Martin Higginson and Sir Robin Miller to the board of the Company were approved and will take effect from First Admission. Nigel Burton, will remain a director whilst John Treacy will resign as a director on First Admission. The information on each of the new directors required to be disclosed under Schedule Two paragraph (g) (i)-(viii) of the AIM Rules for Companies is disclosed later in this announcement.