Result of General Meeting and Total Voting Rights
10 January 2022
Likewise Group plc
("Likewise" or the "Group")
Result of General Meeting and
Total Voting Rights
Likewise Group plc (AIM:LIKE), the distributor of residential and commercial flooring to retailers and contractors is pleased to announce the results of its General Meeting held earlier today, where all resolutions were duly passed.
A summary of the votes lodged by proxy at the General Meeting is set out below:
Resolution | Votes For* | % | Votes Against | % | Votes Withheld | |
1. | Authority to allot shares | 102,559,009 | 100.0 | - | - | 3,135,000 |
2. | Disapplication of pre-emption rights** | 102,559,009 | 100.0 | - | - | 3,135,000 |
3. | Authority to reduce the share premium account** | 102,559,009 | 100.0 | - | - | 3,135,000 |
4. | Authority to adopt a new CSOP Scheme | 99,959,009 | 100.0 | - | - | 5,735,000 |
5. | Authority to grant options under the new CSOP Scheme | 99,959,009 | 100.0 | - | - | 5,735,000 |
6. | Authority to grant Management Options under the existing EMI Scheme | 99,959,009 | 100.0 | - | - | 5,735,000 |
* Any proxy appointments, which gave discretion to the Chairman have been included in the 'For' votes total.
** Special resolution
Following the approval of the Resolutions, the Placing and Open Offer to raise in aggregate £14.0 million (before expenses) for the Company, each as described in more detail in the announcement made by the Company on 15 December 2021 (the "Launch Announcement"), remain conditional on Admission.
Application has also been made for 45,000,000 New Ordinary Shares pursuant to the Placing, Open Offer and Consideration Shares, to be admitted to trading on AIM, with dealings expected to commence at 8.00 a.m. on 11 January 2022.
Total Voting Rights
Following Admission, the total number of voting rights in the Company will be 237,374,194. Shareholders may use this figure 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 under the FCA's Disclosure Guidance and Transparency Rules.
The capitalised terms used in this announcement have the same meanings as in the Launch Announcement, unless otherwise stated.
For further information, please contact:
Likewise Group plc Tony Brewer, Chief Executive Roy Povey, Chief Financial Officer
| Tel: 0121 871 2900 |
Zeus Capital Limited (Nominated Adviser & Joint Broker) Jordan Warburton / David Foreman / James Edis (Corporate Finance) Dominic King (Corporate Broking)
| Tel: 0203 829 5000 |
Ravenscroft Consultancy & Listing Services Limited (Joint Broker) Semelia Hamon (Corporate Finance) | Tel: 01481 732 746 |
Novella Communications (Financial PR) Fergus Young / Tim Robertson | Tel: 0203 151 7008 |
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