18 Oct 2018 12:20
18 October 2018
Big Sofa Technologies Group Plc
("Big Sofa" or the "Company")
Result of General Meeting
Big Sofa (AIM:BST), a fast-growing international video analytics provider to the consumer insight industry, announces that all resolutions put to shareholders at the General Meeting held earlier today were unanimously passed. Consequently, following the Company's announcement on 1 October 2018, the Company has issued and allotted 22,818,401 New Ordinary Shares pursuant to the Capital Raising, conditional on Admission in addition to the 33,333,333 New Ordinary Shares pursuant to the Novum Subscription which were admitted on 15 October 2018.
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8.00 a.m. on 19 October 2018. The 22,818,401 New Ordinary Shares will be credited as fully paid and will rank pari passu with the Company's existing Ordinary Shares.
Total Voting Rights
Following Admission, the total number of voting rights in the Company will be 138,750,692 Ordinary Shares and shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Other than where defined, capitalised terms used in this announcement have the meanings given to them in the circular posted to shareholders by the Company on 2 October 2018, a copy of which is available to view on the Company's website at www.bigsofatech.com.
Enquiries
Big Sofa Technologies Group plc | via Vigo Communications |
Simon Lidington, CEO |
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Kirsty Fuller, CCO Joe MacCarthy, CFO Matt Lynch, CSO |
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Arden Partners plc (Nominated Adviser and Joint Broker) | +44 (0)20 7614 5900 |
Paul Shackleton / Ben Cryer |
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Novum Securities (Joint Broker) | +44 (0)20 7399 9427 |
Colin Rowbury |
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Vigo Communications (Financial Public Relations) | +44 (0)20 7390 0237 |
Ben Simons / Jeremy Garcia / Antonia Pollock |
About Big Sofa Technologies Group plc
Big Sofa is a B2B technology business providing the marketing and consumer insight industries with video observation and analytics services, as video emerges as a key platform in a massive $40 billion consumer research market.
Our software platform collates, analyses and organises large volumes of raw/unstructured video enabling our clients, which include leading market research organisations and major household brands, to perform detailed and sophisticated consumer insight analysis; and make genuine use of video content.
Big Sofa deploys three product solutions: Video Observer, which captures and analyses real-time behaviour using fixed and wearable cameras in-home or in-store; Video Manager, which enables clients to upload, store and manage video using Big Sofa's analytics platform; and Video Stories, which enables clients to collect video embedded in consumer insight surveys.
Big Sofa's shares are admitted to trading on the London Stock Exchange's AIM market under the ticker BST.L.
To find out more, visit www.bigsofatech.com
Follow us on twitter at @bigsofatech