TIDMENGI
RNS Number : 5239R
Energiser Investments PLC
30 June 2020
Energiser Investments PLC
('Energiser", the "Company" or the "Group")
Result of Annual General Meeting
Placing, Total Voting Rights, Change of Directors, Change of
Name and Change of Investing Policy
Result of AGM
The Company is pleased to announce that at the Annual General
Meeting held today, all resolutions were duly passed. The results
of the proxy voting will be made available in due course on the
Company's website.
Placing
The Placing announced on 3 June 2020 was conditional, inter
alia, on the passing of all the Resolutions. The Company has placed
130,000,000 New Ordinary Shares at a price of 0.5 pence per share
raising approximately GBP650,000, before expenses. Terms and
expressions in this announcement have the same meaning as the
Fundraising announcement made on 3 June 2020.
Application has been made to the London Stock Exchange for the
admission of the New Ordinary Shares to trading on AIM. Admission
is expected to take place at 8.00 a.m. on 1 July 2020. The Placing
is conditional also upon Admission becoming effective and the
Placing Agreement becoming unconditional and not being
terminated.
The New Ordinary Shares will, when issued, be credited as fully
paid and rank pari passu with the existing Ordinary Shares,
including, without limitation, the right to receive all future
dividends and distributions declared, made or paid after the date
of issue of the New Ordinary Shares.
Total voting rights
Following Admission, the Company will have a total of
253,912,957 Ordinary Shares of 0.1 pence in issue. 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 Financial Conduct Authority.
Directors' interests and dealings
Angus Forrest, now a director of the Company, acquired
20,000,000 Ordinary Shares in the Placing. In addition, Mr Forrest
has today purchased 5,000,000 shares from Stephen Wicks at a price
of 1 pence per shares. Following these transactions the interests
of the directors in the Company are as follows:
Director Number of Number of Number, of Ordinary %
shares held shares purchased shares held immediately
on 30 June / transferred following Admission
2020
Angus Forrest 1,257,558 25,000,000 26,257,558 10.34
------------- ------------------ ------------------------- -------
Nishith Malde
* 12,689,964 - 12,689,964 4.99
------------- ------------------ ------------------------- -------
* The beneficial holding of Nishith Malde comprises his direct
shareholding of 11,230,464 shares and an interest of 1,459,500
shares in the Company held by way of his shareholding in Highlands
Village Limited, of which he owns 8.4 per cent.
The other directors own no shares.
Stephen Wicks, former director of the Company, following the
sale outlined above to Angus Forrest has interests over 30,289,930
Ordinary Shares in the Company representing 11.93 per cent. of the
Company's issued share capital. Mr Wicks' shareholding comprises
his direct shareholding of 23,558,855 shares and an interest of
6,731,075 shares in the Company held by way of his shareholding in
Highlands Village Limited, of which he owns 38.74 per cent.
The notifications made below the contact details are in
accordance with the requirements of the EU Market Abuse Regulation
and provides further detail on the dealings outlined above.
Change of Directors
Simon Bennett, Angus Forrest and John Wakefield were appointed
as Directors, whilst Stephen Wicks and John Depasquale have
resigned. The Board would like to thank the outgoing directors for
their significant contribution to all aspects of the Company over
the past years.
Change of name
Shareholders should note that the name of the Company is being
changed to Drumz plc and the TIDM to DRUM.LN when Companies House
has processed the changes. A further announcement will be made when
the changes have been made. Replacement share certificates will not
be issued.
Website
The current website www.Energiserinvestmentsplc.co.uk will be
maintained as an interim measure, whilst the new site is developed
and launched. When the new website is available a further
announcement will be made.
Change of Investing Policy
The investing policy has now been changed and the Company's new
investing policy will be to invest principally but not exclusively
in the technology sector within Europe, with a focus on businesses
generating revenues from the use of and sale of software.
The Directors believe there are opportunities to invest in and
acquire established businesses which own good technology and have
quality customers and which could better exploit their assets and
accelerate their growth with the injection of experienced
management and new funds.
Drumz will, where necessary, make available some of its
experienced management team and provide finance to facilitate the
necessary changes, so that the businesses in which Drumz invests
will be transformed over a two to four year period. In due course
the new Directors expect to dispose of such businesses, in whole or
in part, in order to realise value for Drumz and its
shareholders.
The new Directors are pleased to report that several prospective
target investments have been identified, although any future
investments will naturally be dependent on completion of
satisfactory due diligence and the Company reaching acceptable
terms with the vendors.
Further announcements will be made in due course.
For further information please
contact:
Energiser Investments Plc
Angus Forrest / Nish Malde +44 (0) 1494 762450
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Chris Savidge 020 7220 1666
Peterhouse Capital Limited Joint
broker
Lucy Williams / Duncan Vasey 020 7469 0936
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Angus Forrest
----------------------------- ------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status CEO
----------------------------- ------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Energiser Investments plc, to be
renamed Drumz plc
----------------------------- ------------------------------------
b) LEI 213800JHJFKALDJA5X97
----------------------------- ------------------------------------
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, Ordinary shares of 0.1p each
type of instrument
Identification code GB00B06CZD75
----------------------------- ------------------------------------
b) Nature of the transaction Purchase of shares
----------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.5p 20,000,000
1p 5,000,000
-----------
----------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume
2,500,000
- Price
GBP150,000
----------------------------- ------------------------------------
e) Date of the transaction 1 July 2020
----------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange, AIM
----------------------------- ------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
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June 30, 2020 05:24 ET (09:24 GMT)
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