IDE Group Holdings PLC Result of AGM and GM (1222F)
02 Novembre 2022 - 5:11PM
UK Regulatory
TIDMIDE
RNS Number : 1222F
IDE Group Holdings PLC
02 November 2022
IDE Group Holdings Plc
("IDE" or the "Company")
2 November 2022
Result of Annual General Meeting and General Meeting
IDE, the mid-market network, cloud and IT Managed Services
provider, is pleased to announce that all resolutions put to
shareholders were duly passed at the Annual General Meeting ("AGM")
and General Meeting ("GM") held today.
Following completion of the Capital Reorganisation and Loan Note
Conversion, the issued ordinary share capital of the Company will
comprise of 21,725,449 New Ordinary Shares of 1p each, which will
be admitted to trading on the 3(rd) of November 2022.
The above figure of 21,725,449 may be used by Shareholders as
the denominator for the calculations by which they can determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules .
This announcement should be read in conjunction with the full
text of the Circular issued on 7th October 2022. All
capitalised/defined terms used in this announcement and not
otherwise defined shall have the meanings given to them in the
Circular.
The change in the name of the Company to Tialis Essential IT
Plc, which has been approved pursuant to the resolutions passed at
the AGM, is being processed and an update on the effective date
will be provided in due course.
In addition to MXC, a small number of LN holders elected to
convert their LNs into New Ordinary Shares , which leaves the
quantum of LNs outstanding (principal, interest and fees) as
GBP4,542,615.
Ian Smith, Executive Director , commented: "After many years the
business is back to a stage with a sensible level of debt. It is a
profitable business that can look to the future with conservative
optimism. We will look to our strategy of diversifying the revenue
base, potentially through acquisitions and strengthening the board
and management teams."
The results of the votes are set out below:
FOR* AGAINST
------------------------------------------ ---------------------------------
% of votes % of votes
RESOLUTIONS Votes cast Votes cast Abstain
--------------------- ------------------- ------------- ------------------ ---------------
Ordinary Resolution
1
--------------------- ------------------- ------------- ------------------ ---------------
To receive the
financial statements
for the year
ended 31 December
2021 together
with Directors'
Reports and the
Auditors' Report 298,278,801 100.00% 2,869 0.00% 29,171
--------------------- ------------------- ------------- ------------------ ---------------
Ordinary Resolution
2
--------------------- ------------------- ------------- ------------------ ---------------
To approve the
Remuneration
Committee Report 297,632,084 99.88% 349,586 0.12% 329,171
--------------------- ------------------- ------------- ------------------ ---------------
Ordinary Resolution
3
--------------------- ------------------- ------------- ------------------ ---------------
To appoint RSM
UK Audit LLP
as auditors and
to authorise
the directors
to fix their
remuneration 298,270,392 100.00% 11,278 0.00% 29,171
--------------------- ------------------- ------------- ------------------ ---------------
Ordinary Resolution
4
--------------------- ------------------- ------------- ------------------ ---------------
To re-elect Andy
Parker as a director
of the Company 298,113,968 99.94% 167,702 0.06% 29,171
--------------------- ------------------- ------------- ------------------ ---------------
Special Resolution
5
--------------------- ------------------- ------------- ------------------ ---------------
To change the
name of the Company
to Tialis Essential
IT Plc 298,241,086 99.99% 35,640 0.01% 34,115
--------------------- ------------------- ------------- ------------------ ---------------
The results of the votes are set out below: FOR* AGAINST
------------------------- ---------------------
% of votes % of votes
RESOLUTIONS Votes cast Votes cast Abstain
------------ ----------- -------- ----------- --------
Ordinary Resolution
1
------------ ----------- -------- ----------- --------
To approve the
creation of Deferred
Shares as a new
class of shares
having the rights
and being subject
to the restrictions
set out in the
Articles of Association
amended pursuant
to resolution
6. 300,467,694 99.96% 135,188 0.04% 35,332
------------ ----------- -------- ----------- --------
Ordinary Resolution
2
------------ ----------- -------- ----------- --------
To approve the
subdivision of
the Company's
existing Ordinary
Shares of 2.5p
each into Redenominated
Ordinary Shares
of 0.01p each
and Deferred
Shares of 2.49p
each. 300,467,694 99.96% 137,388 0.05% 35,322
------------ ----------- -------- ----------- --------
Ordinary Resolution
3
------------ ----------- -------- ----------- --------
To approve the
consolidation
of the Redenominated
Ordinary Shares
by a factor of
100 in order
to reduce the
number of ordinary
shares in issue. 300,599,822 100% 3,060 0.00% 35,322
------------ ----------- -------- ----------- --------
Ordinary Resolution
4
------------ ----------- -------- ----------- --------
To authorise
the Directors
for the purposes
of section 551
of the Companies
Act 2006 to allot
and issue shares. 300,467,694 99.96% 138,188 0.04% 35,322
------------ ----------- -------- ----------- --------
Special Resolution
5
------------ ----------- -------- ----------- --------
To authorise
the directors
to dis-apply
pre-emption rights,
as set out in
the notice of
meeting. 300,459,285 99.95% 145,797 0.05% 35,322
------------ ----------- -------- ----------- --------
Special Resolution
6
To approve the
amendments to
the Company's
Articles of Association
as set out in
the notice of
meeting. 300,467,694 99.96% 135,188 0.04% 35,322
------------ ----------- -------- ----------- --------
*Votes received for the resolutions includes votes allowing
the Chairman's discretion.
For more information, contact:
IDE Group Holdings Plc Tel: +44 (0)344
Andy Parker, Non-Executive Chairman 874 1000
finnCap Limited Tel: +44 (0)20 7220
Nominated Adviser and Broker 0500
Corporate finance: Jonny Franklin-Adams/
Abby Kelly
ECM: Tim Redfern
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