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14.01.2013
Tangibal Group PLC: Result of General Meeting
Tangibal Group PLC: Result of General Meeting
The Directors of Tangibal (“Tangibal” or “Company”) are pleased to announce that all of the resolutions proposed at the general meeting of the Company held at 11.00 am today were duly passed. Unless the context otherwise requires, terms defined in the circular sent to Shareholders on 21 December 2012 have the same meaning in this announcement.
1. Share Consolidation
The Record Date for the consolidation of ten Ordinary Shares of 2.5p each into Consolidated Shares of 25p each is 5.00 pm today. Trading in the Consolidated Shares of 25p each will commence on 15 January 2013. The ISIN number for the Consolidated Shares is GB00B969QR24.
2. Acquisition of Infotech Digital Limited
The conditions pursuant to the acquisition of Digital have now all been satisfied and the Directors confirm that the Acquisition has now been completed. The Directors have approved the issue of the Consideration Shares to the Vendors. The Consideration Shares represent 80.0 percent of the enlarged consolidated share capital of 12,613,263 Consolidated Shares following completion of the Acquisition.
The Consideration Shares are to be issued as follows:
To view the entire news release including tables, please follow the link:
http://www.irw-press.com/dokumente/Tangibal_140113_Englisch.pdf
3. Placing
The Placing to raise £3.0m by way of a placing of 4,287,800 Tangibal Shares with CTS Tandem Solar GmbH has been approved by Shareholders but the Placing Shares have not yet been allotted. Following allotment of the Placing Shares and the commission shares, the percentage interest of the Digital Concert Party in the Enlarged Issued Share Capital will fall to 59.0 percent.
4. Board changes
Jonathan Hall, Jonathan Wilkes and Peter Evans have resigned from the Board as planned following the completion of the Acquisition. The Board would like to record its sincere thanks to Jonathan Hall, Jonathan Wilkes and Peter Evans for their immense efforts in guiding and developing the business to where it is today.
Dominic Brookman, Gary Truman and Mike Hope-Milne join the Board alongside Dominic Berger who remains on the Board.
For further information please contact:
Tangibal Group PLC
Dominic Berger +44 207 754 0459
www.tangibal.com
Cattaneo LLP – Financial Adviser
Charles Cattaneo +44 121 616 0395
Ian Stanway
www.cattaneo.co.uk
The directors of Tangibal accept responsibility for the information contained in this announcement relating to Tangibal. To the best of the knowledge and belief of the directors of Tangibal (who have taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not affect the import of such information.
Cattaneo LLP is acting exclusively for Tangibal and no one else in connection with the Proposals and will not be responsible to anyone other than Tangibal for providing the protections afforded to customers of Cattaneo LLP or for providing advice in relation to the Proposals or any other matter referred to in this announcement.
About Tangibal:
Formed in 2008, Tangibal Group Plc has established itself as a vision leader in interactive media and experiential advertising. Our goal is to deliver solutions that entertain, inform and motivate. See www.tangibal.com for more information
Disclaimer:
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41</a>
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Kostenloser Abdruck mit Quellenangabe erlaubt.
The Directors of Tangibal (“Tangibal” or “Company”) are pleased to announce that all of the resolutions proposed at the general meeting of the Company held at 11.00 am today were duly passed. Unless the context otherwise requires, terms defined in the circular sent to Shareholders on 21 December 2012 have the same meaning in this announcement.
1. Share Consolidation
The Record Date for the consolidation of ten Ordinary Shares of 2.5p each into Consolidated Shares of 25p each is 5.00 pm today. Trading in the Consolidated Shares of 25p each will commence on 15 January 2013. The ISIN number for the Consolidated Shares is GB00B969QR24.
2. Acquisition of Infotech Digital Limited
The conditions pursuant to the acquisition of Digital have now all been satisfied and the Directors confirm that the Acquisition has now been completed. The Directors have approved the issue of the Consideration Shares to the Vendors. The Consideration Shares represent 80.0 percent of the enlarged consolidated share capital of 12,613,263 Consolidated Shares following completion of the Acquisition.
The Consideration Shares are to be issued as follows:
To view the entire news release including tables, please follow the link:
http://www.irw-press.com/dokumente/Tangibal_140113_Englisch.pdf
3. Placing
The Placing to raise £3.0m by way of a placing of 4,287,800 Tangibal Shares with CTS Tandem Solar GmbH has been approved by Shareholders but the Placing Shares have not yet been allotted. Following allotment of the Placing Shares and the commission shares, the percentage interest of the Digital Concert Party in the Enlarged Issued Share Capital will fall to 59.0 percent.
4. Board changes
Jonathan Hall, Jonathan Wilkes and Peter Evans have resigned from the Board as planned following the completion of the Acquisition. The Board would like to record its sincere thanks to Jonathan Hall, Jonathan Wilkes and Peter Evans for their immense efforts in guiding and developing the business to where it is today.
Dominic Brookman, Gary Truman and Mike Hope-Milne join the Board alongside Dominic Berger who remains on the Board.
For further information please contact:
Tangibal Group PLC
Dominic Berger +44 207 754 0459
www.tangibal.com
Cattaneo LLP – Financial Adviser
Charles Cattaneo +44 121 616 0395
Ian Stanway
www.cattaneo.co.uk
The directors of Tangibal accept responsibility for the information contained in this announcement relating to Tangibal. To the best of the knowledge and belief of the directors of Tangibal (who have taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not affect the import of such information.
Cattaneo LLP is acting exclusively for Tangibal and no one else in connection with the Proposals and will not be responsible to anyone other than Tangibal for providing the protections afforded to customers of Cattaneo LLP or for providing advice in relation to the Proposals or any other matter referred to in this announcement.
About Tangibal:
Formed in 2008, Tangibal Group Plc has established itself as a vision leader in interactive media and experiential advertising. Our goal is to deliver solutions that entertain, inform and motivate. See www.tangibal.com for more information
Disclaimer:
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.