13 May 2016 11:36
For immediate release | 13 May 2016 |
Armstrong Ventures plc
('Armstrong' or the 'Company')
RESULT OF GENERAL MEETING
Armstrong Ventures plc (AIM:AVP), the AIM listed company investing in the media, technology and healthcare sectors, announces that, at the General Meeting of the Company held earlier today, all resolutions were duly passed.
Accordingly, the following proposals become unconditional in all respects upon Admission of the Enlarged Share Capital to trading on AIM, for which application has been made and is expected to occur at 8.00 a.m. on Monday, 16 May 2016:
· | the acquisition by the Company of the entire issued share capital of MelodyVR Ltd, resulting in the issue of 465,702,743 Consideration Shares; |
· | the issue of 20,909,091 Adviser Shares; |
· | the Share Consolidation, resulting in the Company's Existing Ordinary Share Capital being consolidated into 231,750,343 New Ordinary Shares with a nominal value of £0.01 each; and |
· | Anthony Matchett, Steven Hancock and Simon Cole join the Board as Chief Executive, Operations Director and Non-Executive Director respectively. |
The Enlarged Ordinary Share Capital of the Company, comprising 718,362,177 New Ordinary Shares, will trade under the ISIN GB00BD2YHN21.
The change of the Company's name to EVR Holdings plc (AIM: EVRH), will become effective upon the registration of the Company's change of name at Companies House. A further announcement will be made in due course. Terms defined in the Admission Document (which was sent to shareholders on 27 April 2016) have the same meaning in this announcement. A copy of the Admission Document can also be viewed on the Company's website.
Following Admission of all the shares referred to above, the shares held by members of the Concert Party, and as a percentage of the Enlarged Share Capital will be as follows:
Name | Number of Shares | % of Enlarged Share Capital |
Mr A Matchett | 215,357,796 | 29.98 |
Mr. S Hancock | 176,876,784 | 24.62 |
Mr M Newton | 48,525,867 | 6.76 |
Mr S Glaenzer | 24,262,933 | 3.38 |
Mr A Pearce | 679,362 | 0.09 |
Mr C Akers | 9,969,697 | 1.39 |
Mr R Backhouse | 7,169,697 | 1.00 |
Mr R Sargent | 6,969,697 | 0.97 |
Total | 489,811,833 | 68.18 |
- Ends -
For further information:
Armstrong Ventures plc | ||
Sean Nicolson, Chairman | Tel: +44 (0) 20 7466 5000 | |
Peter Read, Non-Executive Director | www.armstrongventures.com | |
SPARK Advisory Partners Limited (Nominated Adviser) | ||
Neil Baldwin / Sean Wyndham-Quin | Tel: +44 (0) 203 368 3550 | |
www.sparkadvisorypartners.com | ||
Peterhouse Corporate Finance Limited (Broker) | Tel: +44 (0) 20 7469 0930 | |
Eran Zucker / Lucy Williams | www.pcorpfin.com | |
Media enquiries:
Buchanan | |
Henry Harrison-Topham / Stephanie Watson / Catriona Flint | Tel: +44 (0) 20 7466 5000 |
www.buchanan.uk.com |