Cambria Africa PLC Result of General Meeting (0536K)
13 April 2015 - 4:15PM
UK Regulatory
TIDMCMB
RNS Number : 0536K
Cambria Africa PLC
13 April 2015
Cambria Africa Plc
("Cambria" or the "Company")
Result of General Meeting
The Company announces that at its General Meeting held earlier
today, all Resolutions put to shareholders were duly passed.
The passing of the Resolutions at the General Meeting completed
the Subscription Agreement with Ventures Africa Limited (VAL).
Consequently 107,000,000 subscription shares will be allotted and
issued to VAL on such terms as described in the Circular sent to
shareholders on 26 March 2015. Accordingly, application will be
made for such shares to be admitted to AIM and such admission is
expected to occur on or around 17 April 2015.
The Company will therefore have 211,655,162 Ordinary Shares in
issue with voting rights and admitted to AIM following the
admission of the subscription shares. This figure may be used by
shareholders in the Company as the denominator for the calculation
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Service Authority's Disclosure and
Transparency Rules.
The completion of the Subscription Agreement provided for
certain changes to the Board to take place on or from Completion.
VAL is entitled to nominate 3 additional Directors, subject to due
diligence of such directors, and a further announcement will be
made in due course regarding their appointment. Messrs. Paul
Turner, Itai Mazaiwana and Fred Jones remain on the board to
oversee the transition and an update on their position will be made
at the appropriate time. The current board therefore remains as Ian
Perkins, Edzo Wisman, Paul Turner, Itai Mazaiwana and Fred
Jones.
Contacts
Cambria Africa Plc www.cambriaafrica.com
Ian Perkins +44 (0) 796 4908 951
Edzo Wisman +44 (0) 796 4908 950
WH Ireland Limited www.wh-ireland.co.uk
James Joyce / Mark Leonard +44 (0) 207 220 1666
Peterhouse Corporate Finance Limited www.pcorpfin.com
Charles Goodfellow / Duncan Vasey +44 (0) 207 220 9791
FTI Consulting www.fticonsulting.com
Edward Westropp / Adam Cubbage +44 (0) 203 727 1521
This information is provided by RNS
The company news service from the London Stock Exchange
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