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Cloudbuy PLC - Result of General Meeting

RNS Number : 0382B
Cloudbuy PLC
27 January 2020
 

27 January 2020

 

cloudBuy PLC

("Cloudbuy" or the "Company")

 

Result of General Meeting

cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, announces that at its General Meeting, held at 11.00am today, all the resolutions proposed in the Notice of Meeting were passed.  Full details of the total number of votes received for each resolution are set out below.

Consequently, as contemplated in the Company's circular dated 9 January 2019 (the "Circular") and its announcement of the same date, the last day of dealings in Cloudbuy's Ordinary Shares will be 6 February 2020, and at 7:00am on 7 February 2020 the admission to trading on AIM of Cloudbuy's Ordinary Shares will be cancelled. Also, as contemplated, the Company will apply to the Registrar of Companies for the Company to be reregistered as a private limited company.

Further details of the Cancellation and Reregistration are set out in both the Circular and announcement referred to above.  Capitalised terms used but not defined in this announcement have the meaning given to them in the Circular. A copy of the Circular is available on the Company's website, https://investor.cloudbuy.com/documents-relating-to-cancellation.html.

The voting was as follows:   

Special resolutions

FOR

AGAINST

WITHHELD

 1.        In accordance with Rule 41 of the AIM Rules for Companies, the cancellation of the admission to trading on AIM (the market of that name operated by the London Stock Exchange plc) of the ordinary shares of 0.1p each in the capital of the Company be and is hereby approved and the directors of the Company be authorised to take all action reasonable or necessary to effect such cancellation.

66,915,866 votes

75.88% of those voting

21,272,073 votes

24.12% of those voting

0

2.         The Company: be re-registered as a private limited company with the name of cloudBuy Limited; and adopt new articles of association.

66,915,866 votes

75.88% of those voting

21,272,073 votes

24.12% of those voting

0

 

Ordinary Resolutions




 3.        The directors be given authority to authorise matters giving rise to an actual or potential conflict

65,672,611 votes

87.16% of those voting

9,677,419 votes

12.84% of those voting

11,837,909 votes

 

 4.        To authorise the Directors to allot shares or grant rights to subscribe for or to convert any security into shares pursuant to section 551 of the Companies Act 2006 (the "Act").

65,672,861 votes

87.19% of those voting

9,652,169 votes

12.81% of those voting

12,087,909 votes

 

Special resolution




 5.        To dis-apply the pre-emption provisions of section 561(1) of the Act.

65,672,611 votes

87.19%

9,652,169 votes

12.81%

11,863,159 votes

 

Note votes withheld are not included in the percentage of the voting calculations

For further information, please contact:

cloudBuy plc

David Gibbon, CFO & COO

 

Tel: 0118 963 7000

 

 

Arden Partners plc - NOMAD and broker

Tel: 020 7614 5900

Paul Shackleton / Daniel Gee-Summons - Corporate Finance

Simon Johnson - Corporate Broking

 


 


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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