Result of AGM and General Meeting
29 June 2020
("Hawkwing" or the "Company")
Result of Annual General Meeting and General Meeting
Hawkwing plc (AIM: HNG) (formerly TLA Worldwide plc), is pleased to announce that at the Annual General Meeting and General Meeting of the Company held earlier today, all of the proposed resolutions were passed.
Total Voting Rights and Admission
Following the passing of resolutions at the General Meeting, the Company will now proceed with the re-organisation of the Company's share capital. Following the Share Capital Reorganisation, the Company will have 7,171,360 New Ordinary Shares1 in issue.
Application has been made for the New Ordinary Shares to be admitted to AIM in place of the Existing Ordinary Shares. It is expected that admission on AIM will become effective on 30 June 2020. The trading in the Company's Ordinary Shares will remain suspended.
This figure of 7,171,360 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, under the Disclosure and Transparency Rules.
Proposed move to the Standard List
As previously stated, the Board intends to apply for the Company's Ordinary Shares to be admitted to the Standard Segment of the Official List ("Standard List") as soon as practicable, expected to be in July 2020. In tandem with this, the Company intends to cancel the Company's Ordinary Shares from the AIM market of the London Stock Exchange.
This announcement should be read in conjunction with the full text of the Circular dated 12 June 2020. Unless otherwise defined in this announcement, defined terms used have the meaning given to them in the Circular posted to Shareholders on 12 June 2020.
Keith Sadler, Senior Independent Non-Executive Director
+44 20 7618 9100
Beaumont Cornish Limited (Nomad and Broker)
Roland Cornish, James Biddle
+44 20 7628 3396
Harry Chathli, Alexis Gore
+44 20 7618 9100
1 In anticipation of the resolutions being passed by Shareholders at the General Meeting, the Company immediately prior to the General Meeting allotted and issued one further Existing Ordinary Share so as to result in the total number of Existing Ordinary Shares in issue being exactly divisible by 20. This additional ordinary share represents only a fraction of the New Ordinary Shares, and that fraction will therefore be aggregated with any other fractions and sold pursuant to the arrangement for fractional entitlements for the benefit of the Company.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.