14 November 2022
DeepVerge PLC
("DeepVerge" or "the Company")
Result of General Meeting
Result of General Meeting
Following today's General Meeting ("GM") DeepVerge PLC is pleased to announce that both resolutions set out in the Notice of GM were approved by Shareholders.
The results of the voting for each resolution were as follows:
| Resolution | For | % For | Against | % Against | Withheld |
|
1. To authorise the directors of the Company to allot shares in the capital of the Company in accordance with section 551 of the Companies Act 2006.
|
95,611,547
|
99.42% |
552,944 |
0.58% |
79,467 |
|
2. To authorise the directors of the Company to allot equity securities other than in accordance with statutory pre-emption rights that would otherwise apply pursuant to section 561 of the Companies Act 2006 |
95,284,770 |
99.07% |
897,630 |
0.93% |
61,558 |
As at the date of the GM, the number of issued ordinary shares of the Company was 252,662,334 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held. Votes withheld are not votes in law and have not been counted in the calculation of the proportion of vote "for" or "against" a resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total.
Second Admission will become effective and dealings will commence in the 135,000,000 Second Tranche Placing Shares by 8.00 a.m. on 15 November 2022.
Third Admission will become effective and dealings will commence in the 303,784,044 Third Tranche Placing Shares, the 28,360,000 Subscription Shares and 40,750,000 Broker Offer Shares (totalling 372,794,044 new Ordinary Shares) by 8.00 a.m. on 16 November 2022.
March 2022 Loan
As set out in the notification of 27 October 2022, the Company expects to repay all amounts due under the March 2022 Loan facility with Riverfort within the next few days out of the proceeds of the Fundraising.
Terms and definitions in this notification are as defined in the notification of 27 October 2022.
For further information, please contact:
Enquiries:
| DeepVerge plc | Nigel Burton, Interim Chief Executive | +44 7785 234447
|
| | | |
| SPARK Advisory Partners Limited (Nominated Adviser) | Neil Baldwin | +44 (0) 113 370 8974 |
| | | |
| Turner Pope Investments (TPI) Limited (Broker) | Andy Thacker/James Pope | +44 (0) 20 3657 0050 |
Market Abuse Regulation (MAR) Disclosure
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