Back on AIM 8am 5 Jan3 Jan 2017 12:58
SigmaRoc plc (AIM: SRC) announces that, at the General Meeting of the Company held earlier today, all Resolutions were duly passed.
Accordingly, the Share Consolidation, whereby every 104 Existing Ordinary Shares will be consolidated into 1 New Ordinary Share, worth 40 pence (based on the price per Existing Ordinary Share immediately prior to the suspension on 5 October 2016), will take effect at the close of business this evening. The Existing Ordinary Shares will be cancelled from trading on AIM and the New Ordinary Shares are expected to be admitted to trading on AIM at 8.00 a.m. on 5 January 2017 under the ISIN GB00BYX5K988. Following Admission, the Company will have 102,601,498 Ordinary Shares in issue.
In addition, on Admission, the following Proposals will become unconditional in all respects:
· the acquisition of Ronez, a wholly owned subsidiary of Aggregate Industries, part of the LafargeHolcim Group, for £45.0 million in cash; and
· the issue of 100,000,000 New Ordinary Shares and 10,000,000 Convertible Loan Notes pursuant to the Placing.