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CLOUDCOCO GROUP PLC AGM Information 2021
7565_agm-r_2021-09-02_023ffead-a56c-4ab6-8dae-ded6df4b8601.html
AGM Information
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National Storage Mechanism | Additional information 
RNS Number : 5551K
Cloudcoco Group PLC
02 September 2021
2 September 2021
CloudCoCo Group plc
("CloudCoCo", the "Group" or the "Company")
Result of General Meeting, Director and other shareholdings,
and change to Total Voting Rights
Result of General Meeting
CloudCoCo (AIM: CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, is pleased to announce that at its general meeting held earlier today, all resolutions were duly passed.
Accordingly, pursuant to the Placing and Acquisition announced on 17 August 2021, the Placing Shares are expected to be admitted to trading on AIM tomorrow, 3 September 2021 ("Admission") to complete the Placing and acquisition of Systems Assurance Group.
Details of the Placing and Acquisition were announced by CloudCoCo on 17 August 2021 and defined terms used in this announcement have the same meaning as those set out in that announcement.
Director Shareholdings
On completion of the Placing on Admission, the shareholdings of the Directors of the Company will be as follows:
| Director | No. of Placing Shares acquired | New total shareholding | Percentage of issued share capital held on Admission |
| Mark Halpin | 0 | 140,713,578 | 19.93 |
| Andrew Mills | 0 | 32,724,088 | 4.63 |
| Simon Duckworth | 12,000,000 | 21,500,000 | 3.04 |
| Darron Giddens | 0 | 2,946,150 | 0.42 |
| Jill Collighan | 0 | 0 | 0 |
Significant Shareholdings
The Company has been notified that on Admission, and as a result of dilution from the Placing, MXC Capital Limited's shareholding in the Company will remain unchanged at 75,066,275 Ordinary Shares but will then represent approximately 10.6% of the total voting rights in the Company.
The Company has also been notified that on Admission, and as a result of dilution from the Placing, Darren and Michelle Weston's shareholding in the Company will remain unchanged at 33,726,297 Ordinary Shares but will then represent approximately 4.78% of the total voting rights in the Company.
In addition, on Admission, Graham Collinson and Robert Powell will no longer have a notifiable interest in Ordinary Shares in the Company.
Total Voting Rights
On Admission, the Company's total issued share capital will consist of 706,215,686 Ordinary Shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 706,215,686 from Admission. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.
Contacts:
| CloudCoCo Group plc Mark Halpin (CEO) Darron Giddens (CFO) |
Via Alma PR |
| Allenby Capital Limited - (Nominated Adviser & Broker) Jeremy Porter / James Reeve - Corporate Finance Tony Quirke / Amrit Nahal - Equity Sales |
Tel: +44 (0)20 3328 5656 |
| Alma PR - (Financial PR) David Ison Josh Royston Kieran Breheny |
Tel: +44 (0)20 3405 0205 [email protected] |
About CloudCoCo Group plc
Supported by a team of industry experts and harnessing a diverse ecosystem of partnerships with blue-chip technology vendors, CloudCoCo makes it easy for businesses and public sector organisations to work smarter, faster and more securely by providing a single point of purchase for their connectivity, telephony, cyber security, cloud, IT hardware and support needs.
CloudCoCo has offices in Warrington and Leeds in the UK.
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