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Feedback PLC - Result of Open Offer and General Meeting

RNS Number : 7408R
Feedback PLC
01 July 2020
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").

Feedback plc

Result of Open Offer and General Meeting

London, 1 July 2020: Feedback plc (AIM: FDBK, "Feedback" or the "Company"), the specialist medical imaging technology company, announced on 15 June 2020, that it had conditionally raised £5.05 million through the placing of 505,000,000 new ordinary shares in the Company, and, in addition, had provided all qualifying shareholders with the opportunity to subscribe for an aggregate of up to 53,994,991 new ordinary shares at the issue price of 1 penny per share, pursuant to the Open Offer.

Result of Open Offer

Feedback announces that valid applications were received in respect of, in aggregate, 21,981,769 Open Offer Shares, raising gross proceeds of £219,817.69. Therefore, the total amount raised pursuant to the Placing and Open Offer is approximately £5.27 million. Both the Open Offer and the Placing were conditional on shareholder approval at the general meeting held earlier today.

Result of General Meeting

The Company announces that, at its general meeting held earlier today, all resolutions were duly passed. As a result, the 505,000,000 Placing Shares and 21,981,769 Open Offer Shares are expected to be admitted to trading on AIM on 3 July 2020 ("Admission"). The proxy voting results of the resolutions were as follows:

Resolutions

Votes For*

% of votes cast**

Votes Against

% of votes cast**

Votes Withheld**

Total votes cast**

Ordinary Resolutions

1.     To authorise the directors to allot Ordinary Shares pursuant to the Placing and Open Offer

207,687,480

99.89

221,474

0.11

44,560

207,908,954

2.     To authorise the directors to allot further shares (or grant rights in respect thereof) pursuant to Section 551 of the Companies Act 2006

207,657,443

99.89

221,474

0.11

74,597

207,878,917

Special Resolutions

3.     General disapplication of pre-emption rights on Ordinary Shares pursuant to the Placing and Open Offer

207,657,443

99.89

221,474

0.11

74,597

207,878,917

4.     To authorise the directors to allot further equity securities pursuant to Section 570 of the Companies Act 2006

207,657,443

99.89

221,474

0.11

74,597

207,878,917

 

*Votes "For" include votes giving the Chairman discretion.

** A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution, nor in the "Total votes cast".

 

Director Shareholding

 

Rory Shaw, Chairman of Feedback, has subscribed for 416,667 new ordinary shares pursuant to the Open Offer. Therefore, from Admission, Rory Shaw will hold 4,583,334 ordinary shares, representing 0.43 per cent. of the Company's issued share capital. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

 

Total Voting Rights

On Admission, the Company will have 1,066,931,686 ordinary shares of 0.25p each in issue, each with one voting right. There are no shares held in treasury. Therefore, from Admission, the total number of ordinary shares and voting rights in the Company will be 1,066,931,686. 

The above figure of 1,066,931,686 may be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement shall have the same meaning as in the announcement of 15 June 2020 unless otherwise defined herein.

Enquiries:

 Feedback plc

Tom Oakley, CEO

Lindsay Melvin, CFO

 

 

+44 (0)1954 718072

[email protected]



Allenby Capital Limited (Nominated Adviser)

David Worlidge / Asha Chotai

 

 

+44 (0)20 3328 5656



Peterhouse Capital Limited (Joint Broker)

Lucy Williams / Duncan Vasey

 

 

+44 (0)20 7469 0936



Stanford Capital Partners Limited (Joint Broker)

Patrick Claridge / John Howes

 

 

+44 20 3815 8880



Instinctif Partners

Melanie Toyne-Sewell / Phillip Marriage

+44 (0)20 7457 2020

+44 7890 022 814

[email protected]

 

Notes to editors

About Feedback plcwww.fbk.com

 

Feedback plc (AIM: FDBK) is a specialist medical imaging technology company providing innovative software and systems, through its fully-owned trading subsidiary, Feedback Medical Limited. Its products advance the work of radiologists, clinicians and medical researchers by improving workflows and giving unique insights into diseases, particularly cancer.

 

Feedback has launched Bleepa, a new secure, encrypted medical communication app for clinicians accessible through smartphones, tablets and desktops that facilitates rapid clinical messaging and review of medical grade imaging for all members of a clinical team, directly from a hospital Picture Archiving and Communications System (PACS). For more information on Bleepa  , see www.bleepa.com .

 

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

Rory Shaw

2

Reason for the notification

a)

Position/status

Chairman

b) 

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Feedback plc

b)

LEI

213800UGOF2GT2U2RV90

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

Identification code

Ordinary Shares of 0.25p each

 

Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550 

b)

Nature of the transaction

Subscription of Ordinary Shares pursuant to the Open Offer

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 1p

416,667

 

d)

Aggregated information 

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

1 July 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 1.2

Market: LSE
Market Cap: £12.8 m
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