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Result of General Meeting and Open Offer

3rd Dec 2012 15:53

RNS Number : 6166S
Pursuit Dynamics PLC
03 December 2012
 



3 December 2012

 

Pursuit Dynamics plc

Result of General Meeting and Open Offer

 

Pursuit Dynamics plc (AIM: PDX, "PDX" or "the Company"), the developer of the PDX Atomiser and PDX Reactor products and technology, announces that at the General Meeting of the Company held today, all the resolutions proposed to shareholders were duly passed.

 

The Directors of the Company also announce that PDX has received take-up from Qualifying Shareholders in respect of 18,772,220 Offer Shares, representing approximately 54.4 per cent. of the Ordinary Shares available under the Open Offer.

 

It is anticipated that 185,438,887 Ordinary Shares (comprising 166,666,667 Placing Shares and 18,772,220 Offer Shares) issued at 3 pence each pursuant to the Placing and Open Offer will be admitted to trading on AIM at 8:00 a.m. on 4 December 2012. The enlarged issued share capital of the Company following the Placing and Open Offer will be 271,718,069 Ordinary Shares.

 

Defined terms used in this announcement have the meanings given to them in the Company's announcement of 12 November 2012.

 

Enquiries:

 

Pursuit Dynamics plc 01480 422 050

Hagen Gehringer

Bernie Bulkin

 

Cenkos Securities plc, Nominated Adviser and Broker 020 7397 8900

Ian Soanes

Max Hartley

 

M:Communications 020 7920 2339

Nick Miles

Elly Williamson

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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