Result of Extraordinary General Meeting

12 June 2020

All Active Asset Capital Limited

('AAAC' or 'the Company')

Result of Extraordinary General Meeting

Director Shareholding

Result of Extraordinary General Meeting

AAAC announces that both Resolutions proposed at the Extraordinary General Meeting of the Company held earlier today were duly passed.

The proxy voting results for the resolutions are included below:

Admission and Total Voting Rights

The passing of the Resolutions enables the Directors to, inter alia, issue 80,000,000 Placing Shares pursuant to the Placing to raise £1.2 million (before expenses), announced on 14 May 2020. The Placing remains conditional on Admission of the Placing Shares to trading on AIM. Application has been made to the London Stock Exchange for the 80,000,000 Placing Shares to be issued pursuant to the Placing to be admitted to trading on AIM. It is expected that Admission will become effective and dealings in the Placing Shares will commence at 8:00 a.m. on 16 June 2020.

Upon Admission, the Company's issued ordinary share capital will consist of 774,076,072 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 774,076,072. With effect from Admission, this figure may be used by Shareholders in the Company 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. 

Director Shareholding

Prior to his appointment as a director Rodger Sargent subscribed for 4,500,000 new Ordinary Shares in the Placing at the Placing Price of 1.5p per share, at a cost of £67,500. Upon Admission, Rodger Sargent will hold 4,500,000 Ordinary Shares, which will represent approximately 0.58 per cent. of the Company's then enlarged issued share capital. Rodger Sargent was appointed as an Executive Director of AAAC on 28 May 2020.

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 22 May 2020 unless otherwise defined herein.

For further information: