MARLOWE PLC — AGM Information 2016

Sep 26, 2016

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8270K

Marlowe PLC

26 September 2016

26 September 2016

Marlowe plc

Result of General Meeting

Marlowe plc ("Marlowe", the "Company" or the "Group") confirms that, at the General Meeting held today, all resolutions proposed were duly passed.

Accordingly, further to the announcement of 8 September 2016, the Company confirms, subject to among other matters admission becoming effective, it will on 27 September 2016 issue and allot 2,888,187 new ordinary shares of 50 pence each ("New Ordinary Shares") at 170 pence per share. This represents approximately 10.5 per cent of the enlarged share capital, raising £4.9 million (before expenses) to repay a portion of the company's existing revolving credit facility with Lloyds Bank, provide funds for further acquisitions as part of Marlowe's ongoing buy-and-build strategy and provide working capital for the Group.

Following admission of the new ordinary Shares, the Company's issued share capital carrying voting rights will be 27,466,995. Trading in the new ordinary shares is expected to commence at 8.00 a.m. on 27 September 2016.

Further details of the acquisition and the placing can be found in the announcement of 8 September 2016 and the circular posted to shareholders on 9 September 2016.

This is available to download at www.marloweplc.com.

For further information:

Marlowe plc
Alex Dacre, Chief Executive	Tel: +44 (0) 203 813 8498
	IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser and Broker)
Nicholas Wells, Elizabeth Bowman	Tel: +44 (0)20 7397 8900
FTI Consulting
Nick Hasell, Alex Le May	Tel: +44 (0)20 3727 1340

This information is provided by RNS

The company news service from the London Stock Exchange

END

ROMSEUFSMFMSEDU