22nd Dec 2017 12:34
The People's Operator plc
("TPO", the "Company" or the "Group")
Result of General Meeting
The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, announced on 19 December 2017 that it had conditionally raised total gross proceeds of approximately £2.82 million (the "Subscription") through the issue of 2,823,000,000 new ordinary shares of £0.0005 each ("Ordinary Shares") (the "Subscription Shares") with an associated conditional issue of 1,411,500,000 warrants over Ordinary Shares (the "Warrants"). The Company has also agreed to issue 40,000,000 new Ordinary Shares in lieu of fees to an adviser at a deemed price of 0.1 pence per Ordinary Share (the "Adviser Shares").
The issue of these new Ordinary Shares was conditional, inter alia, on shareholder approval at a General Meeting. The Company is pleased to announce that at the General Meeting of its shareholders held earlier today all resolutions were passed on a poll. The results of the poll are available on the Company's website www.thepeoplesoperator.com.
It is expected that the admission of the Subscription Shares and the Adviser Shares will become effective and dealings in the Subscription Shares and the Adviser Shares will commence at 8.00 a.m. on 28 December 2017 ("Admission").
Following Admission, the Company will have 3,004,804,182 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. There are no Ordinary Shares held in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail of the number of Ordinary Shares purchased in the Subscription by Michael Butler (Non-Executive Chairman), Juliet Rosenfeld (Non-Executive Director) and Julia Simpson (Non-Executive Director):
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Michael Butler (Non-Executive Chairman) Juliet Rosenfeld (Non-Executive Director) Julia Simpson (Non-Executive Director) | ||||||||||||
2. | Reason for the Notification | |||||||||||||
a) | Position/status | See 1(a) above | ||||||||||||
b) | Initial notification/Amendment | Initial notification | ||||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | The People's Operator plc | ||||||||||||
b) | LEI | 213800BOVWJYMA6RBV07 | ||||||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of £0.0005 | ||||||||||||
Identification code | GB00BSJWQH14 | |||||||||||||
b) | Nature of the transaction | Subscription for shares | ||||||||||||
c) | Price(s) and volume(s) | Michael Butler
Juliet Rosenfeld
Julia Simpson
| ||||||||||||
d) | Aggregated information: · Aggregated volume · Price | See 4(c) above | ||||||||||||
e) | Date of the transaction | 22/12/2017 | ||||||||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||||||||
For further information
The People's Operator plc Nick Dashwood Brown, Head of Investor Relations
| 07710 511259 |
finnCap Ltd Stuart Andrews / Simon Hicks
| 020 7220 0500 |
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Related Shares:
The Peoples Operator