Last checked at 29 Dec 2015 10:34
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
For immediate release
29 December 2015
Digital Barriers plc
Result of General Meeting
On 11 December 2015, Digital Barriers plc (AIM:DGB) ("Digital Barriers", the "Company" and, together with its subsidiary undertakings, the "Group") announced the proposed Placing of 80,571,429 new Ordinary Shares at 35 pence per share. The Placing was subject, inter alia, to approval by Shareholders of the Resolutions set out in the Notice of General Meeting.
The Company is pleased to announce that all of the Resolutions were passed unanimously on a show of hands at the General Meeting which took place earlier today.
The proxy voting results for the Resolutions were as follows:
Resolution 1: ordinary resolution to authorise the Directors to allot relevant securities
Number of Ordinary Shares voted | Percentage of Ordinary Shares voted | |
For | 58,451,343 | 99.99 |
Against | 4,500 | 0.01 |
Withheld | Nil | Nil |
Total votes cast | 58,455,843 | 100 |
Resolution 2: special resolution to approve the disapplication of pre-emption rights
Number of Ordinary Shares voted | Percentage of Ordinary Shares voted | |
For | 58,451,343 | 99.99 |
Against | 4,500 | 0.01 |
Withheld | Nil | Nil |
Total votes cast | 58,455,843 | 100 |
A vote withheld is not a vote in law and does not count in the total of votes cast.
Any proxy appointments which gave discretion to the chairman of the meeting have been included in the 'For' total.
The issued share capital of the Company eligible to vote on the Resolutions is 84,534,810 Ordinary Shares of one penny each.
The Placing remains conditional, inter alia, upon Admission. Admission is expected to become effective at 8.00 a.m. on 30 December 2015.
Terms defined in the circular dated 11 December 2015 have the same meaning in this announcement, save where the context otherwise requires.
For further information, please contact:
Digital Barriers plc 0203 553 5888
Zak Doffman, Chief Executive Officer
Sharon Cooper, Chief Financial Officer
Investec Investment Banking 020 7597 5970
Andrew Pinder / Dominic Emery
FTI Consulting 020 3727 1000
Edward Bridges / Matt Dixon / Harry Staight
About Digital Barriers
Digital Barriers provides visually intelligent solutions to the global surveillance, security and safety markets. We deliver zero-latency streaming and analysis of secure video and related intelligence over wireless networks, including cellular, satellite, IP mesh and cloud, utilising significantly less bandwidth than standard technologies. Our rapidly-installed fixed and mobile solutions for covert, remote and wide-area deployments, as well as vehicle and body-worn applications, have been sold into more than fifty countries, and have been proven in some of the world's most demanding operational environments. We also provide advanced video content analysis and body scanning to identify safety concerns and threats in real-time.
www.digitalbarriers.com