27th Dec 2012 10:24
27 December 2012
Digital Barriers plc("Digital Barriers" or the "Company")
Result of General Meeting
On 6 December 2012, Digital Barriers the specialist provider of advanced surveillance technologies to the security and defence sectors, announced the proposed Placing of 7,172,414 new Ordinary Shares at 145 pence per share and the proposed amendments to the rights attaching to Incentive Shares and LTIP Rules. The Proposals were subject, inter alia, to approval by Shareholders of the Resolutions set out in the Notice of General Meeting.
The Company is pleased to announce that all of the Resolutions were passed on a show of hands at the General Meeting which took place earlier today.
The number of proxies received in respect of each resolution were as follows:
Resolution 1: The ordinary resolution to approve the allotment of 7,172,414 new ordinary shares
Number of Ordinary Shares voted | Percentage of voted Ordinary Shares (%) | |
FOR | 32,832,917 | 100 |
AGAINST | Nil | Nil |
WITHHELD | Nil | Nil |
Resolution 2: The special resolution to approve the disapplication of pre-emption rights
Number of Ordinary Shares voted | Percentage of voted Ordinary Shares (%) | |
FOR | 32,832,917 | 100 |
AGAINST | Nil | Nil |
WITHHELD | Nil | Nil |
Resolution 3: The special resolution to adopt new Articles of Association1
Number of Ordinary Shares voted | Percentage of voted Ordinary Shares (%) | |
FOR | 28,941,667 | 100 |
AGAINST | Nil | Nil |
WITHHELD | 3,891,250 | Nil |
Resolution 4: The ordinary resolution to approve amendments to the LTIP1
Number of Ordinary Shares voted | Percentage of voted Ordinary Shares (%) | |
FOR | 28,941,667 | 100 |
AGAINST | Nil | Nil |
WITHHELD | 3,891,250 | Nil |
1 Note: The voting results for Resolutions 3 and 4 exclude the votes of the Founding Executive Directors and their connected persons.
A vote withheld is not a vote in law and does not count in the total of votes cast.
Any proxy appointments which gave discretion to the chairman of the meeting have been included in the 'For' total.
The issued ordinary share capital of the Company is 43,787,176 Ordinary Shares of one penny each.
The Placing remains conditional, inter alia, upon Admission. Admission is expected to become effective at 8.00 a.m. on 2 January 2013.
Terms defined in the circular dated 6 December 2012 have the same meaning in this announcement, save where the context otherwise requires.
Enquiries:
Digital Barriers PLC | Tel: 020 7940 4740 | |
Tom Black, Executive Chairman | ||
Colin Evans, Managing Director | ||
Zak Doffman, Development Director | ||
Investec Investment Banking | Tel: 020 7597 5970 | |
Financial Adviser and Broker to Digital Barriers | ||
Andrew Pinder | ||
Patrick Robb | ||
Dominic Emery | ||
FTI Consulting | Tel: 020 7831 3113 | |
PR Adviser to Digital Barriers | ||
Edward Bridges | ||
Matt Dixon | ||
Elodie Castagna | ||
About Digital Barriers
Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets, specialising in 'edge-intelligent' solutions that are designed for remote, hostile or complex operating environments. We work with governments, multinational corporations and system integrators in the defence, law enforcement, critical infrastructure, transportation and natural resources sectors. Our surveillance technologies have been successfully proven on some of the most demanding operational and environmental deployments around the world.
www.digitalbarriers.com
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