4 Feb 2020 12:26
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
4 February 2020
Tricorn Group plc
("Tricorn" or the "Company")
Result of General Meeting
Total Voting Rights
and
Directors' Participation
Result of Meeting
Tricorn (AIM:TCN.L), the AIM quoted tube manipulation specialist, announces that all Resolutions put to Shareholders at the General Meeting held earlier today (including the Whitewash Resolution) were duly passed.
Application has therefore been made for, in aggregate, 14,924,285 new Ordinary Shares to be admitted to trading on AIM comprising 4,643,100 Placing Shares, 5,356,900 Subscription Shares, 4,899,285 Open Offer Shares and 25,000 Broker Shares. Admission is expected to occur at 8.00 am on 5 February 2020.
Total Voting Rights
Following Admission, the Company will have 49,219,285 Ordinary Shares in issue admitted to trading on AIM. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Directors' Participation
Roger Allsop, a Non-Executive Director of the Company, and Andrew Moss, the Non-Executive Chairman of the Company, each participated in the Subscription by subscribing for Subscription Shares at the Issue Price and in the Open Offer by subscribing for their Basic Entitlements, as announced on 17 January 2020. The Directors' resulting shareholdings immediately following Admission are detailed below:
Director | Total No. of Existing Ordinary Shares | Percentage of Existing Ordinary Shares | Subscription Shares subscribed for | Open Offer Shares subscribed for | No. of Ordinary Shares following Admission | Percentage of Enlarged Share Capital following Admission |
Andrew Moss | 550,000 | 1.60% | 356,900 | 78,570 | 985,470* | 2.00% |
Mike Welburn | 100,000 | 0.29% | - | - | 100,000 | 0.20% |
Phil Lee | 508,558 | 1.48% | - | - | 508,558** | 1.03% |
David Leakey | - | - | - | - | - | 0.00% |
Roger Allsop | 11,220,000 | 32.72% | 5,000,000 | 1,602,857 | 17,822,857*** | 36.21% |
Total | 12,378,558 | 36.09% | 5,356,900 | 1,681,427 | 19,416,885 | 39.45% |
* This includes 471,185 Ordinary Shares beneficially held by Jane Moss.
** This includes 8,720 Ordinary Shares beneficially held by Olivia Lee, Phil Lee's daughter.
*** This includes 6,400,000 Ordinary Shares held by Yvonne Allsop, Roger Allsop's wife, and 800,000 Ordinary Shares held by The Roger Allsop Discretionary Settlement.
This announcement should be read in conjunction with the full text of the Circular which was posted to Shareholders on 17 January 2020, copies of which are available on the Company's website at www.tricorn.uk.com. Capitalised terms in this announcement have the same meaning as given in the Circular.
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
For further information please contact:
Tricorn Group plc |
|
|
Mike Welburn, Chief Executive |
| Tel +44 (0)1684 569956 |
Phil Lee, Group Finance Director |
| www.tricorn.uk.com |
|
| corporate@tricorn.uk.com |
Shore Capital |
|
|
Tom Griffiths - Corporate Advisory David Coaten - Corporate Advisory Henry Willcocks - Corporate Broking |
| Tel + 44 (0)20 7408 4080 |
The person responsible for arranging the release of this announcement on behalf of the Company is Mike Welburn, Chief Executive Officer of the Company.
Notes to Editors:
Tricorn is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide.
For further information, please visit: www.tricorn.uk.com.