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Immotion Group PLC - Result of General Meeting

RNS Number : 7687N
Immotion Group PLC
22 May 2020
 

Immotion Group plc

 

("Immotion Group", the "Company" or "the Group")

 

Result of General Meeting

 

Immotion Group plc, the UK-based immersive virtual reality ("VR") 'Out of Home' entertainment business, is pleased to announce at its General Meeting held earlier today all resolutions were duly passed.

 

Accordingly the Company has today authorised the issue of 54,062,200 new ordinary shares (the "New Ordinary Shares") at an Issue Price of 2.5p pence raising gross proceeds of approximately £1.35 million through a placing (the "Placing") with institutional and other investors.

 

The full details of the Placing are set out in the announcement dated 6 May 2020.

 

Admission to Trading on AIM

 

Further to the announcement on 6 May 2020, application for admission to trading of the New Ordinary Shares has been made and it is anticipated that Admission will take place on 27 May 2020 ("Admission"). The New Ordinary Shares will rank pari passu with the Existing Ordinary Shares.

 

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the Placing, its issued share capital will comprise 379,538,083 Ordinary Shares upon Admission. All of these Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 379,538,083 upon Admission.

 

Unless otherwise defined, terms used in this announcement shall have the same meanings as those defined in the announcement dated 6 May 2020.

 

Enquiries:

 

Immotion Group

Martin Higginson

 

Tel: +44 (0) 161 235 8505

WH Ireland Limited

(Nomad and Joint Broker)

Corporate Finance:

Adrian Hadden

Darshan Patel

Matthew Chan

 

Sales / Corporate Broking:

Jasper Berry

Hayley Richardson

David Kilbourn

 

Tel: +44 (0) 207 220 1666

Alvarium Capital Partners Limited

(Joint Broker)

Alex Davies

 

 

Tel: +44 (0) 207 195 1458

Shard Capital Partners Limited

(Joint Broker)

Damon Heath

Erik Woolgar

Tel: +44 (0) 207 186 9900

 

This announcement includes inside information 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.

 


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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Quick facts: Immotion Group

Price: 2.4

Market: AIM
Market Cap: £9.11 m
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