Result of General Meeting

25 June 2019

Koovs plc("Koovs" or the "Company")

Result of General Meeting

On 5 June 2019, the Company published its shareholder circular (the "Circular") in connection with the second tranche investment from Future Lifestyle Fashions Limited ("FLFL") of £6.810,374.96 in exchange for the issue of 24,010,937 Compulsory Convertible Preference Shares (the "CCPS"). The Circular sought approval for the issue of the CCPS and subsequent conversion within a period of up to 12 months from the date of issue of the CCPS to 24,010,937 Ordinary Shares; and the renewal of the Company's general authorities to allot Ordinary Shares and disapply pre-emption rights up to an aggregate nominal amount of £1,326,399.87

Koovs is pleased to announce that all of the Resolutions proposed at the General Meeting held earlier today were duly passed by Shareholders. Accordingly, the Company expects to receive the approximate £6.8m investment from FLFL in due course. A further announcement will be made at that time.

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings given to them in the Circular.

ENDS

For further information please contact:

Koovs plc

Mary Turner / Robert Pursell

Tel: +44 (0) 20 7151 0170

Strand Hanson Limited (Nominated & Financial Adviser)

James Harris / Ritchie Balmer / Georgia Langoulant

Tel: +44 (0) 20 7409 3494

Whitman Howard Limited (Corporate Broker)

Nick Lovering (Corporate) / Mark Murphy (Institutional Sales)

Tel: +44 (0) 20 7659 1234

Media enquiries:

Newgate Communications

Adam Lloyd / Fiona Norman

Tel: +44 (0) 20 3757 6880

E: [email protected] 

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.