22 May 2017 15:10
22 May 2017
BNN Technology PLC
("BNN" or the "Company")
Result of General Meeting and Total Voting Rights
BNN Technology (AIM: BNN), a London-listed Chinese technology, content and services company, announces that at the General Meeting held today, all resolutions put to Shareholders were duly passed.
Admission and Total Voting Rights
Accordingly, Admission of the Second Placing Shares will become effective and dealings in the Second Placing Shares will commence at 8.00 a.m. tomorrow.
Following Admission of the Second Placing Shares, BNN will have 238,612,523 Ordinary Shares in issue. BNN holds no Ordinary Shares in treasury. This figure, therefore, of 238,612,523 may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of BNN under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.
Capitalised terms or expressions used in this announcement have the same meanings as given to them in the announcement made by BNN on 13 April 2017, unless the context requires otherwise.
ENDS
For further information, please contact:
BNN Technology plc Darren Mercer, Chief Executive Scott Kennedy, Chief Financial Officer Stephen Benzikie, Communications
| +44 (0) 1565 872990 |
Brunswick Group (Public Relations) Brian Buckley / Diana Vaughton
| +44 (0) 20 7404 5959 |
Strand Hanson Limited (Nominated & Financial Adviser) Andrew Emmott / Ritchie Balmer
| +44 (0) 20 7409 3494 |
Mirabaud Securities LLP (Broker) Peter Krens
| +44 (0) 20 3167 7221 |
About the Group
BNN Technology plc is a Chinese technology, content and services company that builds long-term partnerships to deliver China's citizens with value-added services, content and evolving opportunities.
Listed on AIM since 2014, the Group principally engages in providing technology to partners to facilitate fulfilment of payments online and on mobile apps through partnerships or affiliate agreements with corporate and key government partners, and developing digital content, both online and mobile. Through NewNet and its partnership with Xinhuatong, BNN facilitates mobile payments, through its technology platform, on the Xinhua News mobile app in 12 provinces in China. The Chinese consumer shift to 'life on mobile' is only just beginning and BNN's platform technology enables urban and rural communities across China to access exclusive content and pay for more services online.
The Group employs nearly 300 professionals throughout China.
BNN Resources (BNN)