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Result of EGM and Completion of Placing

Mon, 2nd Feb 2015 12:05

RNS Number : 7701D
Summit Germany Limited
02 February 2015

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Summit Germany Limited

("Summit" or "the Company")

Result of Extraordinary General Meeting - Completion of Placing

The Company is pleased to announce that, at the Extraordinary General Meeting held today at 10:00 a.m. (GMT), shareholders of the Company voted in favour of all resolutions as set out in the Notice of Extraordinary General Meeting dated 16 January 2015 ("Notice"). The Notice was included in the Circular issued by the Company to shareholders on 16 January 2015 relating to the proposed placing of 171,428,571 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") ("Placing").

The Ordinary Shares issued in connection with the Placing will rank pari passu with the Company's existing ordinary shares and an application has been made for the Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Ordinary Shares will commence at 8.00 a.m. on 3 February 2015.

Following Admission, the enlarged share capital of the Company will be 465,399,862 ordinary shares. Shareholders should have regard to this number when determining whether they are required to notify the exchange of their interests in, or a change in their interests in, the share capital of the Company.

For further information please contact:

Summit Germany Limited

Tel: +44 (0) 1481 700300

Zohar Levy, Managing Director

Harry Hyman, Non-Executive Chairman

Tel: +44 (0)20 7451 7050

Itay Braun, Finance Director

Cenkos Securities, Nominated Adviser and Joint Broker

Ivonne Cantu/Michael Johnson (Nomad)

Russell Kerr/Selwyn Jones (Broking)

Tel: +44 (0)20 7397 8900

Liberum Capital Limited, Joint Broker

Chris Bowman / Jill Li

Tel: +44 (0)20 3100 2222

Broker Profile

Simon Courtenay

Harry Rippon

Tel: +44(0)20 7448 3244

This information is provided by RNS
The company news service from the London Stock Exchange
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