28 Oct 2016 11:15
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, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
28 October 2016
Walker Greenbank PLC
("Walker Greenbank" or the "Company")
Result of General Meeting
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin, Zoffany, Scion and Anthology, announced on 12 October 2016 the conditional Acquisition of Clarke & Clarke and the conditional Placing to raise £17.0 million. Both the Acquisition and Placing were subject, inter alia, to the approval by Shareholders of the Resolutions set out in the Notice of General Meeting. The Company is pleased to announce that at the General Meeting, which was held earlier today, all resolutions were duly passed.
The Company will have, conditional only on Admission, successfully raised £17.0 million (before expenses) through the Placing and completed the Acquisition of Clarke & Clarke.
Following the passing of the Resolutions at the General Meeting, the Company will, conditional only on Admission, issue and allot 8,947,369 new Ordinary Shares. Application has been made to the London Stock Exchange for these new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will occur and that dealings will commence at 8.00 a.m. on 31 October 2016.
Upon Admission, the Company's total issued and voting share capital will comprise 69,551,678 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore, this figure of 69,551,678 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Unless otherwise stated, definitions used in this announcement carry the same meaning as those set out in the circular to shareholders dated 12 October 2016.
For further information, please contact:
Walker Greenbank plc | +44 (0)844 543 4668 |
John Sach, Chief Executive Officer Mike Gant, Chief Financial Officer
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Investec (Nomad and Broker) | +44 (0)20 7597 4000 |
Garry Levin / David Anderson / Alex Wright Henry Reast - Corporate Broking
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Buchanan | +44 (0)20 7466 5000 |
Mark Court / Sophie Cowles / Catriona Flint |
About Walker Greenbank
Walker Greenbank is a luxury interior furnishings company that designs, manufactures and markets wallpapers and fabrics together with a wide range of ancillary interior products. The Company's brand portfolio - comprising Sanderson, Morris & Co, Harlequin, Zoffany, Scion and Anthology - spans heritage and contemporary design and its products are sold in more than 85 countries worldwide. The Company derives significant licensing income from the use of its designs in lifestyle products such as bed linen, rugs and tableware.
The Company employs more than 600 people and has showrooms in London, New York, Paris, Amsterdam and Dubai along with partnership showrooms in Moscow and in Shenzhen, China. Its UK manufacturing base, which includes a wallpaper factory in Loughborough and a fabric printing factory in Lancaster, manufactures product both for the Company together with its subsidiaries (the "Group") and for other wallpaper and fabric brands. Continued investment in manufacturing has allowed the Group to offer a wide range of printing techniques.
Walker Greenbank trades on the AIM market of the London Stock Exchange under the ticker symbol WGB.
For further information please visit: www.walkergreenbank.com/