Last checked at 20 Dec 2013 12:46
AIM: AEC
20 December 2013
AEC Education PLC
("AEC" or "the Company")
Results of General Meeting
The board of AEC is pleased to announce that at today's general meeting all of the resolutions were passed and that as a result:
1. | the share capital reorganisation whereby each ordinary share of 10p in the Company was subdivided into one ordinary share of 5p ("Ordinary Shares") and one deferred share of 5p in the Company (the "Capital Reorganisation"), was approved; and |
2. | the conditional subscription for 18,852,262 Ordinary Shares (representing 29.9% of the enlarged issued ordinary share capital of the Company) (the "New Ordinary Shares") which was announced on 3 December 2013 was completed and, subject only to Admission (defined below), the New Ordinary Shares were issued to Cinnovation Incorporated for an aggregate consideration of approximately £1,131,136 (the "Subscription"). |
Application has been made to London Stock Exchange plc for the New Ordinary Shares to be issued pursuant to the Subscription and the new Ordinary Shares replacing the Company's existing ordinary shares following the Capital Reorganisation to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and the dealings in the new Ordinary Shares on AIM will commence at 8.00 am on 23 December 2013.
Enquiries:
AEC Education PLC | Tel: +44 (0) 7775 787 427 | |
Liam Swords | ||
WH Ireland Limited (NOMAD) | Tel: +44 (0)161 832 2174 | |
Dan Bate | ||
Biddicks | Tel: +44 (0) 20 3178 6378 | |
Katie Tzouliadis |