RNS Number : 6774B
  Global Gaming Technologies PLC
  20 August 2008
   
    Global Gaming Technologies PLC
    20 August 2008


    Global Gaming Technologies plc

    ('Global Gaming Technologies' or the 'Company')

    Result of General Meeting 



    Further to the announcement on 23 July 2008 (the "Announcement"), Global Gaming Technologies is pleased to announce that at the
Company's General Meeting held yesterday, 19 August 2008, all of the following resolutions proposed were duly passed:
    *     the appointment, effective immediately, of three new non-executive directors (the details of whom are set out in the
Announcement); Babatunde Agboola, Toby Hayward and Olukayode Kuti;
    *     the authorisation to issue relevant securities and to waive pre-emption rights in respect of the issue of certain ordinary shares
of 0.25p each in the capital of the Company ('Ordinary Shares'); and
    *     the change of name of the Company to Sirius Petroleum plc.

    As set out in the Announcement, the Company will now issue 157,700,000 new Ordinary Shares as follows:


    Name of beneficiary    Number of  Ordinary      Holding after GM      Percentage of enlarged issued share
                                 Shares Issued         approval and            capital after GM approval and 
                                                       First Placing                            First Placing
 1  Babatunde Olusegun              20,000,000            20,000,000                                    4.39%
    Agboola
 2  Toby Hayward                    22,500,000            22,500,000                                    4.94%
 3  Graham Porter                    7,500,000            10,833,332                                    2.38%
 4  Mike Hirschfield                 4,000,000             6,075,000                                    1.33%
 5  Bedarra                         12,000,000            12,000,000                                    2.63%
 6  Taglient                        45,700,000            45,700,000                                   10.01%
 7  Sirius                          46,000,000            46,000,000                                   10.03%

    The new Ordinary Shares will rank pari passu with the existing Ordinary Shares, and are expected to be admitted to trading on AIM on 27
August 2008.  Following the above, the Company's issued share capital will be 455,494,385 Ordinary Shares.  

    The Company will file the change of name at Companies House which will take effect on issue of a Certificate of Incorporation on Change
of Name, which is expected to be issued on or around 26 August 2008. An announcement will be made to confirm the change of name and provide
the Company's new AIM ticker in due course.

    Commenting on the passing of the resolutions, Mike Hirschfield, Director of the Company said "We now have a very experienced management
team that has the ability to first identify opportunities in the oil and gas sector, and then maximise the commercial potential of those
opportunities for the Company and its investors."

    Ends
    Enquiries:
    Hansard Group, John Bick                                         tel: +44 (0)791 764 9362
    Canaccord Adams Limited, Andrew Chubb                  tel: +44 (0) 207 050 6500


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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