RCG Holdings Limited Notice of EGM (5798W)
30 Décembre 2013 - 3:17PM
UK Regulatory
TIDMRCG
RNS Number : 5798W
RCG Holdings Limited
30 December 2013
30 December 2013
RCG Holdings Limited
("RCG" or the "Company" and together with its subsidiaries, the
"Group")
Proposed Refreshment of General Mandate,
Posting of Circular and Notice of Special General Meeting
RCG Holdings Limited (AIM:RCG, HKSE:802) announces that a
Circular, Form of Proxy and Form of Direction (for Depository
Interest Holders) have today been posted to Shareholders, together
with a notice of a Special General Meeting convening a Special
General Meeting to be held at Lot 1, Jalan Teknologi 3/5, Taman
Sains Selangor 1, Kota Damansara, Petaling Jaya, Selangor, Malaysia
at 3:00 p.m. (Hong Kong Time) on 17 January 2014 for the purpose of
considering and (if thought fit) passing a resolution to refresh
the Existing General Mandate previously approved by Shareholders at
the Annual General Meeting.
Copies of these documents will also be available on the
Company's website at www.rcg.tv under the "Investor Relations"
section and the Company's webpage at www.rcg.todayir.com. Terms
used in this announcement have the same meanings as defined in the
Circular.
At the Annual General Meeting, Shareholders approved, amongst
other things, an ordinary resolution to grant to the Directors the
Existing General Mandate to issue not more than 139,235,299 Shares,
being 20% of the aggregate nominal amount of the issued share
capital of the Company of 696,176,496 Shares as at the date of
passing of the resolution.
During the period from the grant of the Existing General Mandate
to the Latest Practicable Date, 139,230,000 Shares from the
Existing General Mandate had been issued by the Company. As at the
Latest Practicable Date, the Company had an aggregate of
835,406,496 Shares in issue and 5,299 Shares remained unissued
pursuant to the Existing General Mandate, representing
approximately 0.006% of the existing issued share capital of the
Company. Save for the proposed grant of the General Mandate
Refreshment, there has been no refreshment of the Existing General
Mandate since the Annual General Meeting.
The Board remains convinced that equity fundraising is the most
efficient way of financing the Company and accordingly, the Board
proposes to replace the Existing General Mandate with the New
General Mandate which will give the Directors authority to exercise
the power of the Company to issue new Shares representing up to 20%
of the issued share capital of the Company as at the date of the
Special General Meeting.
The Company intends to utilise the New General Mandate to fund
the growth of business portfolio mix within the Group, to repay
existing loans, for general working capital purposes and
potentially for future acquisitions. The Company does not currently
have any plans to raise equity within any particular time frame.
However the Company will not exclude the possibility of doing so in
the near future should a suitable opportunity arise
Enquiries:
RCG Holdings Limited Tel: +852 2637 2800
Wang Zhongling, Chief Executive Officer
ir@rcg.tv
Smith & Williamson Corporate Finance Limited Tel: +44 (0) 20 7131 4000
(Nominated adviser and broker)
Dr. Azhic Basirov / David Jones
This information is provided by RNS
The company news service from the London Stock Exchange
END
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