1 Apr 2022 14:45
1 April 2022
Path Investments plc("Path" or the "Company")
Result of General Meeting
Path Investments plc (TIDM: PATH), is pleased to announce that at its General Meeting held earlier today ("GM") all resolutions proposed to the meeting (the "Resolutions") were duly passed on a poll.
Following the passing of the Resolutions the Company can confirm, inter alia, that subject to Admission occurring the acquisition of DG Innovate Limited and the proposed Subscription will be completed. It is expected that Admission will occur with the Company's Enlarged Share Capital admitted to the Standard Listing segment of the Official List and trading on the Main Market of the London Stock Exchange at 8.00 a.m. on 8 April 2022 under the TIDM "DGI".
An application will be made for the Company's name to be changed to DG Innovate plc from 8 April 2022.
At the GM the total votes cast on each resolution were as follows:
Resolution | For | % | Against | % | Withheld |
1. Rule 9 Waiver | 251,065,313 | 99.99% | 24,500 | 0.01% | 1,008,675 |
2. Authority to allot Consideration Shares | 251,065,313 | 99.59% | 1,032,120 | 0.41% | 1,055 |
3. Authority to allot Subscription Shares | 251,065,313 | 99.59% | 1,032,120 | 0.41% | 1,055 |
4. Authority to allot Warrants (1p) | 251,065,313 | 99.59% | 1,032,120 | 0.41% | 1,055 |
5. Disapplication of pre-emption rights (Subscription Shares) | 251,065,313 | 99.59% | 1,032,120 | 0.41% | 1,055 |
6. Disapplication of pre-emption rights (Warrants (1p)) | 251,065,313 | 99.59% | 1,032,120 | 0.41% | 1,055 |
7. Change of name | 251,065,313 | 99.99% | 24,500 | 0.01% | 1,008,675 |
8. New articles | 255,877,568 | 99.99% | 24,500 | 0.01% | 1,008,675 |
Capitalised terms not otherwise defined in this announcement have the same meaning as ascribed to them in the Prospectus dated 14 March 2022.
Voting results will be made available to view shortly on the Company's website at www.pathinvestmentsplc.com.
For further information please contact:
Path Investments plc | C/O IFC |
Christopher Theis Jack Allardyce | |
IFC Advisory (Financial PR & IR) | 020 3934 6630 |
Tim Metcalfe Zach Cohen | |
Grant Thornton UK LLP (Financial Adviser) Samantha Harrison Harrison Clarke Daphne Zhang Ciara Donnelly | 020 7383 5100
|
ETX Capital (Broker) | 020 7392 1400 |
Tom Curran Thomas Smith | |