9 October 2024
Distil plc
("Distil" or the "Company")
Result of General Meeting; Directors'
shareholdings
Distil plc
(AIM:DIS), owner of premium drinks brands Blackwoods Gin and Vodka,
RedLeg Spiced Rum, TRØVE Botanical Vodka and Blavod Black
Vodka, announces that at the General
Meeting held earlier today both the resolutions put to the meeting
were duly approved by Shareholders on a poll:
|
Resolution
(*indicates special resolution)
|
Votes
for†
|
% of shares
voted
|
Votes
against
|
% of shares
voted
|
Votes
Withheld
|
|
Resolution 1: To allot,
inter alia, Second Tranche
Placing Shares, Subscription Shares, Fee Shares and Placing
Warrants
|
349,617,322
|
97.93%
|
7,393,781
|
2.07%
|
80,000
|
|
Resolution 2*: To disapply
Statutory
Pre-Emption Rights
|
349,571,775
|
97.92%
|
7,439,328
|
2.08%
|
80,000
|
†Proxy
appointments which gave discretion to the Chairman have been
included in the "for" total.
The Company is pleased to confirm
that, as announced on 23 September 2024, following Shareholders'
approval for the Resolutions as they relate to the issue of the
Subscription Shares and the Second Tranche Placing Shares, together
with the First Tranche Placing which completed on 26 September
2024, the Company has raised total gross proceeds of £0.65
million.
Admission and Total Voting Rights
Application has been made to the
London Stock Exchange for admission of the 183,333,200 Subscription
Shares, the 267,822,094 Second Tranche Placing Shares and the
6,250,000 Fee Shares (making a total of 457,405,294 shares) to
trading on AIM. It is expected that admission will become effective
and dealings in the Subscription Shares will commence on AIM at
8.00 a.m. on or around 11 October 2024.
The Subscription Shares, the Second
Tranche Placing Shares and Fee Shares have been issued fully paid
and will rank pari
passu in all respects with the Company's existing
Ordinary Shares.
Following Admission, the total
number of Ordinary Shares in the capital of the Company in issue
will be 1,453,030,539 with voting rights. 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's issued share
capital pursuant to the Company's Articles.
In addition, following Admission
there will be 1,095,833,350 Placing Warrants in issue.
Directors' Shareholdings following Admission
On Admission, the revised
shareholdings of the following Directors will be:
|
Name
|
Position
|
Holding of Ordinary
Shares
|
% of Enlarged issued share
capital
|
|
Don Goulding
|
Executive Chairman
|
26,666,600
|
1.84%
|
|
Roland Grain*
|
Non Executive Director
|
380,285,707
|
26.17%
|
* Held via Grain GmbH
Capitalised terms used in this announcement shall, unless
defined in this announcement or unless the context provides
otherwise, bear the same meaning ascribed to such terms in the
Announcement made by the Company at 0700 on 23 September
2024.
Enquiries:
For further
information, please contact:
|
Distil PLC
|
|
|
Don Goulding, Executive Chairman
|
Tel: +44 203 283 4006
|
|
SPARK Advisory
Partners Limited
(NOMAD)
|
|
|
Neil Baldwin
Mark Brady
|
Tel: +44 203 368 3550
|
|
Allenby Capital
Ltd
(Broker)
|
|
|
James Reeve/Piers Shimwell
Jos Pinnington/Guy McDougall
|
Tel: +44 (0)20 3328 5656
|
Notification and
public disclosure of transactions by persons discharging managerial
responsibilities ("PDMRs") and persons closely associated ("PCA")
with them.
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Don Goulding
|
|
2
|
Reason for
notification
|
|
a)
|
Position / status
|
Executive Chairman
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Distil plc
|
|
b)
|
LEI
|
213800G6BJQ18CKXWF05
|
|
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, type of
instrument
Identification code
|
Ordinary shares of £0.001 each in Distil plc
ISIN: GB0030164023
|
|
b)
|
Nature of the transaction
|
(1) Acquisition of ordinary
shares of £0.001 each in a subscription;
(2) Acquisition of placing
warrants with a right to subscribe for ordinary shares of £0.001 at
an exercise price of £0.0036 per share
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volumes(s)
|
|
(1) Shares
0.12p
(2) Placing Warrants
-
|
16,666,600
33,333,200
|
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
|
9 October 2024
|
|
f)
|
Place of the transaction
|
Outside a Trading Venue
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Roland Grain (via Grain GmbH)
|
|
2
|
Reason for
notification
|
|
a)
|
Position / status
|
Non Executive Director
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Distil plc
|
|
b)
|
LEI
|
213800G6BJQ18CKXWF05
|
|
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, type of
instrument
Identification code
|
Ordinary shares of £0.001 each in Distil plc
ISIN: GB0030164023
|
|
b)
|
Nature of the transaction
|
(1) Acquisition of ordinary
shares of £0.001 each in a subscription;
(2) Acquisition of placing
warrants with a right to subscribe for ordinary shares of £0.001 at
an exercise price of £0.0036 per share
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volumes(s)
|
|
(1) Shares
0.12p
(2) Placing Warrants
-
|
166,666,600
333,333,200
|
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
|
9 October 2024
|
|
f)
|
Place of the transaction
|
Outside a Trading Venue
|