TIDMWAND

RNS Number : 9668G

WANdisco Plc

24 July 2023

24 July 2023

WANdisco plc

WANdisco receives 99.97% support for the resolution

("WANdisco" or the "Company")

Result of General Meeting

WANdisco (LSE: WAND), the data activation platform, is pleased to announce that the resolution set out in the Circular and put to the General Meeting ("GM") of the Company on 24 July 2023 was duly passed.

Resolution 1 was passed as a Special Resolution (requiring at least a 75% majority to be passed). The results for the resolution are set out below.

 
        Resolution         Votes          %      Votes      %          Total        % of ISC     Votes 
                           For and               Against                Votes        Voted*     Withheld 
                        Discretionary                              Cast (Excluding 
                            Votes                                     Withheld) 
       To increase 
       the Company's 
        authorised 
 1.    share capital     51,507,646     99.97    16,937    0.03      51,524,583      76.68       2,208 
     ---------------  ---------------  ------  ---------  -----                     --------  ----------

* Based on total issued share capital as at 18 May 2023 of 67,196,552 Ordinary shares.

Ken Lever, Chairman of WANdisco plc, commented:

" We are absolutely delighted that the resolution to increase the authorised share capital has received such overwhelming support, which will enable the Company to conclude the fundraise. The board and the executive management can now concentrate on driving the business forward to achieve growth in value for shareholders and all stakeholders. "

Admission and lifting of the suspension of Ordinary Shares to trading on AIM

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will be effective and settlement of the New Ordinary Shares will commence at 8.00 a.m. on 25 July 2023.

The Company published its FY22 Annual Report & Accounts on 12 July 2023, following which the Company and its nominated adviser have requested that the suspension of the Ordinary Shares to trading on AIM be lifted at 7.30 a.m. on 25 July 2023.

Related Party Transactions

As noted in the Company's Annual Report and Accounts for the year ended 31 December 2022 (the "FY22 Annual Report and Accounts"), during the course of 2022 the Company entered into agreements with The David and Jane Richards Family Foundation ("DJRFF"), EyUp Skills Limited ("EyUp") and Sheffield Wednesday F.C. Each of these transactions are deemed to be a related party transaction pursuant to AIM Rule 13 of the AIM Rule for Companies.

The Board was not informed of these related party transactions at the time and are therefore unable to provide a comment on the fair and reasonableness of each transaction. The Company refers shareholders to Note 26 (Related parties) in the Company's FY22 Annual Report and Accounts for full details of each related party transaction.

Total voting rights

Following Admission, the Company's enlarged issued ordinary share capital will be 114,725,069. With effect from Admission, this figure may be used by shareholders 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 Disclosure Guidance and Transparency Rules of the FCA.

For further information, please contact:

 
 FTI Consulting 
  Rob Mindell / Kwaku Aning / Matt                 +44 (0)20 3727 
  Dixon                                             1137 
 Stifel (Nomad and Joint Broker) 
  Fred Walsh / Richard Short / Tom                 +44 (0)20 7710 
  Marsh                                             7600 
 Liberum (Joint Broker)                            + 44 (0)20 3100 
  Max Jones / Ben Cryer / Miquela Bezuidenhoudt     2000

About WANdisco

WANdisco is the data activation platform for accelerating digital transformation at scale. WANdisco makes infinite data actionable across clouds and enterprises in real time. WANdisco customers unleash the business value of the cloud with zero downtime, data loss, or disruption to fuel AI and machine learning, create new services, and transform businesses. For more information about WANdisco, visit www.wandisco.com

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END

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(END) Dow Jones Newswires

July 24, 2023 05:45 ET (09:45 GMT)

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