RE: AGM tomorrow...29 Mar 2021 17:38
Which bit is nonsense? You do know the AGM is tomorrow??
And the vote is to allow up to a £4.2 Million of nominal value shares?
Nominal value of 0.0667 pence each.
Isnt that another 6 billion shares?
Which bit is nonsense.....
Copied from the AGM notice
That the Directors be generally and unconditionally authorised pursuant to Section 551 of the
Companies Act 2006 (the Act) to allot shares in the Company or grant rights to subscribe for
or to convert any security into shares in the Company (Rights) up to an aggregate nominal
amount of £2,111,971 (£1,547,481 of which represents the balance of the authority that was
granted at the Company’s General Meeting on 17th February 2020 following the acquisition of
DMSL) provided that this authority shall, unless previously revoked or varied by the Company
in general meeting, expire at the conclusion of the next annual general meeting of the
Company following the date of the passing of this resolution or (if earlier) 15 months from the
date of passing this resolution, but so that the directors may before such expiry make an offer
or agreement which would or might require relevant securities to be allotted after such expiry
and the directors may allot relevant securities in pursuance of that offer or agreement as if the
authority hereby conferred had not expired. This authority is in substitution for all previous
authorities conferred on the Directors in accordance with section 551 of the 2006 Act.
SPECIAL RESOLUTIONS
9. That, subject to the passing of Resolution 8, the Directors be given the general power to allot
equity securities (as defined by Section 560 of the Act) for cash, either pursuant to the
authority conferred by Resolution 8 by way of a sale of treasury shares, as if Section 561(1)
of the Act did not apply to any such allotment, provided that this power shall be limited to:
7
9.1. the allotment of equity securities in connection with an offer by way of a rights issue:
9.1.1. to the holders of ordinary shares in proportion (as nearly as may be practicable)
to their respective holdings; and
9.1.2. to holders of other equity securities as required by the rights of those securities
or as the directors otherwise consider necessary, but subject to such
exclusions or other arrangements as the directors may deem necessary or
expedient in relation to treasury shares, fractional entitlements, record dates,
legal or practical problems in or under the laws of any territory or the
requirements of any regulatory body or stock exchange; and
9.2. the allotment (otherwise than pursuant to paragraph 7.1 above) of equity securities up
to an aggregate nominal amount of £2,111,971.
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