Last checked at 11 Sep 2015 15:50
11 September 2015
Totally Plc
("Totally" or the "Company")
Result of General Meeting
The Board of Totally Plc (AIM: TLY), the provider of a range of services to the healthcare sector, announces that at the Company's General Meeting held at 3.30 p.m. today, all of the resolutions proposed (the "Resolutions") were duly passed.
Following today's approval of Totally's proposed share consolidation, as described more fully in the Company's circular to Shareholders dated 25 August 2015 (the "Circular") and the Company's announcement of 25 August 2015, Shareholders will receive one consolidated new ordinary share of 10p each (the "Consolidated Ordinary Shares"), credited as fully paid, in place of every 100 existing ordinary shares of 0.1p each, save for fractional entitlements. The record date for the share consolidation is the close of business on 14 September 2015. The ISIN of the Consolidated Ordinary Shares will be GB00BYM1JJ00.
Following Admission (as defined below), Totally's subscription to raise gross proceeds of £1,050,000 through the issue of 6,000,000 ordinary shares of 10p each (the "Subscription Shares") at a price of 17.5p per share will be complete.
Application has been made for the Consolidated Ordinary Shares and the Subscription Shares to be admitted to trading on AIM ("Admission") and Admission is expected to become effective at 8.00 a.m. on 15 September 2015.
Immediately following Admission, Robert (Bob) Holt will join Totally's Board as Non-Executive Chairman and Dr Michael Sinclair will step down as Non-Executive Chairman and will resign from the Board. Details in respect of Bob Holt are provided in the Circular and the Company's announcement of 25 August 2015.
Following Admission, the Company's issued ordinary share capital will comprise 9,991,166 ordinary shares of 10p each (including the Subscription Shares). The Company does not hold any shares in treasury. This figure (9,991,166 ordinary shares) 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 Disclosure and Transparency Rules.
For further information please contact:
Totally Plc / Totally Health | |||
Wendy Lawrence, Chief Executive Bob Holt, Proposed Chairman | 020 3077 2202 07778 798 816 |
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Allenby Capital Limited (Nominated Adviser & Joint Broker) | 0203 328 5656 |
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Nick Naylor / Nick Athanas / Alex Brearley |
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Optiva Securities Limited (Joint Broker) | 020 3137 1902 |
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Christian Dennis / Jeremy King |
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Blytheweigh | 020 7138 3203 |
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Tim Blythe / Wendy Haowei / Andrea Benton |
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Notes to Editors
Totally plc is focused on the provision of professional health coaching which promotes and facilitates self care. Totally's services have been shown to reduce costs for Clinical Commissioning Groups by, for example, reducing unplanned admissions to hospitals and visits to Accident and Emergency Departments.
Totally currently operates contracts with NHS England and several CCGs across England delivering their Long Term Condition Management and Shared Decision Making Programs.
Totally Health is a provider of a range of services to the healthcare sector that supports individuals to better understand their clinical conditions and support them to avoid exacerbations of such conditions and promote self care.
Shared Decision Making and the Management of Long Term Conditions are key strategic areas for the NHS in England. The NHS in England estimates that £7 out of every £10 spent on health and social care is spent looking after people diagnosed with a Long Term Condition.