1st Nov 2018 12:12
For immediate release
1 November 2018
Patisserie Holdings plc
Result of General Meeting
Patisserie Holdings plc (AIM: CAKE) ("PH" or the "Company") announces that following the General Meeting held earlier today, the Resolutions required to implement the Conditional Placing, which were each held on a poll, were duly passed by the requisite majorities. The number of proxies received in respect of the Resolutions were as follows:
Resolution | Total votes for | % | Total votes against | % | Total votes cast | Votes withheld | ||
1. | To authorise the directors' to allot the Conditional Placing Shares in connection with the Conditional Placing
| 92,067,956 | 99.68 | 296,487 | 0.32 | 92,364,443 | 194 | |
2. | To disapply statutory pre-emption rights in relation to the issue of the Conditional Placing Shares for cash in connection with the Conditional Placing
| 91,952,439 | 99.56 | 409,612 | 0.44 | 92,362,051 | 2,586 |
Notes
1. Any proxy appointments which gave discretion to the Chairman have been included in the "Total votes for" total.
2. A "Vote Withheld" is not a valid vote in law and was not counted in the calculation of the proportion of the votes "For" or "Against" a resolution.
The Conditional Placing remains conditional upon Conditional Admission which is expected to become effective at 8.00 a.m. on 2 November 2018.
Following Conditional Admission, the total number of Ordinary Shares in issue with voting rights will be 135,322,432 Ordinary Shares and Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
While the Directors of the Company did not participate in the Placings their revised percentage holdings are as follows:
Director | Shareholding | % of issued share capital |
Luke Johnson
|
38,621,181 |
28.54% |
Paul May
|
4,554,000 |
3.37% |
Lee Ginsberg
|
18,823 |
0.01% |
James Horler
|
100,000
|
0.17% |
Capitalised terms used but not otherwise defined in this announcement shall have the same meanings given to them in the Company's circular to Shareholders published on 16 October 2018.
Enquiries:
Patisserie Holdings plc +44 (0)121 777 7000
Luke Johnson, Executive Chairman
Paul May, Chief Executive Officer
Nomad and Broker
Canaccord Genuity Limited +44 (0)20 7523 8000
Chris Connors
Henry Fitzgerald-O'Connor
Financial Public Relations
Maitland +44 (0) 20 7379 5151
Sam Cartwright
Jonathan Cook
Related Shares:
Patisserie Holdings Plc