20th Aug 2008 07:00
Global Gaming Technologies PLC
20 August 2008
Global Gaming Technologies plc
('Global Gaming Technologies' or the 'Company')
Result of General Meeting
Further to the announcement on 23 July 2008 (the "Announcement"), Global Gaming Technologies is pleased to announce that at the Company's General Meeting held yesterday, 19 August 2008, all of the following resolutions proposed were duly passed:
the appointment, effective immediately, of three new non-executive directors (the details of whom are set out in the Announcement); Babatunde Agboola, Toby Hayward and Olukayode Kuti;
the authorisation to issue relevant securities and to waive pre-emption rights in respect of the issue of certain ordinary shares of 0.25p each in the capital of the Company ('Ordinary Shares'); and
the change of name of the Company to Sirius Petroleum plc.
As set out in the Announcement, the Company will now issue 157,700,000 new Ordinary Shares as follows:
|
Name of beneficiary |
Number of Ordinary Shares Issued |
Holding after GM approval and First Placing |
Percentage of enlarged issued share capital after GM approval and First Placing |
|
|
1 |
Babatunde Olusegun Agboola |
20,000,000 |
20,000,000 |
4.39% |
|
2 |
Toby Hayward |
22,500,000 |
22,500,000 |
4.94% |
|
3 |
Graham Porter |
7,500,000 |
10,833,332 |
2.38% |
|
4 |
Mike Hirschfield |
4,000,000 |
6,075,000 |
1.33% |
|
5 |
Bedarra |
12,000,000 |
12,000,000 |
2.63% |
|
6 |
Taglient |
45,700,000 |
45,700,000 |
10.01% |
|
7 |
Sirius |
46,000,000 |
46,000,000 |
10.03% |
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares, and are expected to be admitted to trading on AIM on 27 August 2008. Following the above, the Company's issued share capital will be 455,494,385 Ordinary Shares.
The Company will file the change of name at Companies House which will take effect on issue of a Certificate of Incorporation on Change of Name, which is expected to be issued on or around 26 August 2008. An announcement will be made to confirm the change of name and provide the Company's new AIM ticker in due course.
Commenting on the passing of the resolutions, Mike Hirschfield, Director of the Company said "We now have a very experienced management team that has the ability to first identify opportunities in the oil and gas sector, and then maximise the commercial potential of those opportunities for the Company and its investors."
Ends
Enquiries:
Hansard Group, John Bick tel: +44 (0)791 764 9362
Canaccord Adams Limited, Andrew Chubb tel: +44 (0) 207 050 6500
Related Shares:
Sirius Pet