Rns1 May 2019 08:05
RNS Number : 6551X
Bould Opportunities PLC
01 May 2019
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
1 May 2019
Bould Opportunities PLC
("Bould" or the "Company")
OPEN OFFER OF UP TO 5,332,221,134 NEW ORDINARY SHARES AT 0.0125 PENCE PER SHARE TO RAISE UP TO £660,000
PROPOSED SALE OF THE COMPANY'S OPERATING BUSINESS
NOTICE OF GENERAL MEETING
The Board of Directors of the Company are pleased to announce the following company update, further details of which can be found below.
The Company announces an open offer to raise up to approximately £660,000 (before expenses) through the issue of up to 5,332,221,134 new ordinary shares of 0.01p per share ("Ordinary Shares") in the Company at an issue price of 0.0125 pence per share (the "Open Offer").The Company has today posted a Circular to shareholders which will be made available on the Company's website at www.photonstarled.com.
The Company also announces, further to the general meeting held on the 5th April 2019 (the "General Meeting" or the "GM") that the Company is in the process of disposing its operating subsidiary, PhotonStar Technology Ltd, further details of which can be found below.
The Company also announces that it is convening a general meeting on 21 May 2019 at Peterhouse Capital Limited, 3rd Floor, New Liverpool House, 15 Eldon Street, London, EC2M 7LA, at 11.30am for the purpose of considering and, if thought fit, the passing of the resolutions as set out below. The Board intend to vote in favour of the resolutions. The Board's collective shareholding represents a total 73,659,661 Ordinary Shares, equivalent to 1.38 per cent. of the issued Ordinary Shares. Moreover, the Company's largest shareholder, Mr Antos Glogowski holding 758,000,000 Ordinary Shares, has signed an irrevocable agreement to vote in favour of the below resolutions.
The Board of Directors would like to extend their thanks to Mr Glogowski for his continued support in their endeavours.
For further information:
Bould Opportunities plc (www.photonstarled.com) +44 (0)20 3198 2554
Martin Lampshire, non‐executive Director
Allenby Capital Limited (nominated adviser) +44 (0)20 3328 5656
John Depasquale / Nick Naylor
Peterhouse Capital Limited (sole broker) +44 (0)20 7469 0930
Lucy Williams / Duncan Vase
Dear Shareholder,
Open Offer of up to 5,332,221,134 Open Offer Shares at 0.0125 pence per new Ordinary Share, proposed sale of the Company's operating subsidiary and Notice of General Meeting
1. Introduction
At a general meeting of the Company held on 5 April 2019, the resolution seeking approval