Last checked at 
17 Oct 2017 11:18
Norman Broadbent plc
("Norman Broadbent" or the "Company")
Result of General Meeting
General Meeting
Norman Broadbent (AIM: NBB), a leading provider of Talent Acquisition & Advisory Services, comprising Board & Executive Search, Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive level Recruitment Solutions, announces that all resolutions proposed at the Company's General Meeting, held today, were duly approved by shareholders.
As a result, shareholders have granted the Company's directors the authority to allot and issue 12,252,250 new ordinary shares of 1 pence each (the "Placing Shares") to raise a total of approximately £1.23m (the "Placing") (before expenses), as announced on 29 September 2017.
Significant Shareholders
Certain of the Company's substantial shareholders and directors have participated in the Placing on the same terms as other investors. The level of such participation, as well as each substantial shareholder and director's interests in the Company's issued share capital before and following completion of the Placing are set out below:
Existing substantial shareholder | Number of Ordinary Shares held before the Placing | Percentage of current issued Ordinary Share capital | Number of new Ordinary Shares subscribed for | Number of new Ordinary Shares held on Admission | Percentage of Enlarged Issued Share Capital |
Downing LLP | 10,528,003 | 25.29% | 3,319,500 | 13,847,503 | 25.70% |
Ennismore Fund Management Limited | 7,453,992 | 17.90% | 2,192,750 | 9,646,742 | 17.90% |
Moulton Goodies Limited | 6,066,739 | 14.57% | 2,000,000 | 8,066,739 | 14.97% |
Pierce Augustan Casey | 5,775,005 | 13.87% | 500,000 | 6,275,005 | 11.65% |
Director | Number of Ordinary Shares held before the Placing | Percentage of current issued Ordinary Share capital | Number of Ordinary Shares held on Admission | Percentage of Enlarged Issued Share Capital |
Mike Brennan | 666,315 | 1.60% | 916,315 | 1.70% |
Frank Carter | 157,894 | 0.38% | 207,894 | 0.39% |
Brian Stephens | 117,955 | 0.28% | 167,955 | 0.31% |
Applications for Admission
Application will be made for the Placing Shares to be admitted to trading on AIM with admission expected to become effective on 18 October 2017.
Following Admission the Company will have 53,885,570 ordinary shares in issue. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 53,885,570 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.
For further information, please contact:
Norman Broadbent plc Mike Brennan / Will Gerrand |
020 7484 0000 |
WH Ireland Limited Adrian Hadden / Jessica Cave / Alex Bond |
0207 220 1666 |
For further information visit www.normanbroadbent.com
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 ("MAR").
