Result of Meeting

Investor news

Published: 08 January

Type: Investor news

Year: 2020

Sabien Technology Group plc

("Sabien" or the "Company")

Result of General Meeting

 

The Board of Sabien is pleased to announce that all the resolutions were approved at the General Meeting of the Company held earlier today. On 16 December 2019, the Company announced that the Company's broker, Peterhouse Capital Limited, had conditionally raised gross proceeds of £300,000 through the placing of 200,000,000 new ordinary shares (the "Placing Shares") with new and existing investors, at a price of 0.15 pence per Placing Share. The Placing was conditional, inter alia, on the approval by the Company's shareholders of the necessary resolutions to authorise the directors to issue the Placing Shares and granting disapplication of pre-emption rights at the General Meeting and which were passed today on a poll. The result of the poll vote for each resolution was as follows:

RESOLUTIONS

FOR

% FOR

AGAINST

% AGAINST

WITHHELD*

1. To authorise the directors to allot shares

 

381,635,386

100%

NIL

0%

2,183

2. To dis-apply statutory pre-emption rights

 

381,635,386

100%

NIL

0%

2,183

*A vote withheld is not a vote in law and is not counted in the votes for or against a resolution

A copy of the notice is available from the Company's website, www.sabien-tech.co.uk. Admission of the Placing Shares to trading on AIM will therefore become effective on 9 January 2020.

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA") Sabien announces that as at today's date the Company's issued share capital consists of 1,387,006,490 Ordinary Shares of 0.01p each with voting rights. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 1,387,006,490 .

The above figure of 1,387,006,490 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 FCA's Disclosure Guidance and Transparency Rules.

For further information:

Sabien Technology Group plc   

Richard Parris and Cédriane de Boucaud Truell                                                                  

+44(0)20 7993 3700

Beaumont Cornish Limited (Nominated Advisor)

Michael Cornish and Roland Cornish     

www.beaumontcornish.com

+44(0)20 7628 3396

Peterhouse Capital Limited (Broker)

Duncan Vasey and Lucy Williams

+44(0)20 7469 0930