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8 Nov 2023 07:00
8 November 2023
More Acquisitions plc
("More" or the "Company")
Update regarding Requisitioned General Meeting
Further to the announcement regarding the Requisitioned General Meeting released on 3 November 2023, the Company has received irrevocable undertakings from shareholders holding 64,314,662 Ordinary Shares, representing approximately 51.45 per cent of the current issued share capital of the Company, to vote AGAINST all the resolutions proposed by the Requisitioner.
The Requisitioned General Meeting for shareholders is to be held at 8th Floor, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW at 10:30 a.m. (GMT) on 1 December 2023.
More Acquisitions Executive Director, Roderick McIllree said;
"It is pleasing to receive such strong support from shareholders.
Achieving more than 50% from just a few phone calls shows the level of support for the incumbent directors. I suspect that once all votes are in the level of support will ultimately be much higher, sending a strong message that this opportunistic attempt to wrest control of your company has now failed, a week after being called, and I thank you for that.
Unfortunately, it is unlikely that the meeting will be called off, so we will have to endure the unnecessary time and cost of holding the meeting. However, as soon as the matter is concluded in early December, we intend to get back to work on several opportunities the Company is evaluating. Realistically the result was never going to be anything different it's just unfortunate that we had no choice but to incur this loss of time and treasure."
For further information, please contact:
More Acquisitions plc
Rod McIllree/ Charles Goodfellow
Peterhouse Capital Limited
+44 (0)20 7469 0930
Corporate Adviser
Narisha Ragoonanthun/ Guy Miller/ Brefo Gyasi
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