Last checked at 4 Nov 2020 11:15
i-nexus Global PLC
("i-nexus", the "Company" or the "Group")
Result of General Meeting
i-nexus Global plc (AIM: INX), a leading provider of cloud-based Strategy Execution software solutions designed for the Global 5000, is pleased to announce that further to its announcement on 19 October 2020, all resolutions put to shareholders at its General Meeting held today were duly passed.
Accordingly, the Directors have now been granted authority to issue the Convertible Loan Notes to the Investors. The Investors' commitments to subscribe for Convertible Loan Notes are now irrevocable and unconditional and settlement of the commitments of £1.325m is expected to take place later today.
Additionally, the Directors have been granted the required authority to disapply statutory pre-emption rights in respect of the potential future issue of new Ordinary Shares upon conversion of the Convertible Loan Notes. This disapplication shall expire on 5 November 2023.
Further announcements will be made upon conversion of the Convertible Loan Notes.
Capitalised terms used but not defined in this announcement have the meanings set out in the Announcement dated 19 October 2020.
For further information please contact:
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i-nexus Global plc Simon Crowther, CEO Alyson Levett, CFO
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N+1 Singer (Nominated Adviser and Broker) Sandy Fraser (Corporate Finance) Tom Salvesen (Corporate Broking)
| Tel: +44 (0)207 496 3000 |
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Alma PR Caroline Forde / Josh Royston / Robyn Fisher | Tel: +44 (0)203 405 0212 |
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