LONDON - Aurrigo International plc (AIM: AURR), a global provider of transport technology solutions, announced Monday that shareholders have approved all resolutions at its recent General Meeting. The voting results revealed near-unanimous support for the proposed actions, with each resolution receiving over 99.99% approval.
The resolutions included authorizations for the directors to allot relevant securities and to disapply pre-emption rights in connection with a Placing and WRAP Retail offer. The company confirmed that the issuance of new Ordinary Shares is set for Admission on Thursday, January 8, 2025. This move will increase the company’s issued ordinary share capital to 57,936,535 shares.
Following the Admission, the company’s share capital will serve as the denominator for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules.
Additionally, Aurrigo disclosed the shareholdings of its Concert Party, comprising David Keene, Graham Keene, and Samuel Munslow, who are considered to act in concert as per the City Code. Post-Admission, the Concert Party will hold a combined 43.16% of the company’s issued share capital on a fully diluted basis.
Should any Concert Party member acquire additional shares that increase their voting rights to over 30%, the Panel on Takeovers and Mergers may consider this as triggering a mandatory offer for the entire issued share capital of Aurrigo at a price not less than the highest paid by the Concert Party in the previous year.
The company’s announcement clarified that the full text of the resolutions is available on their website, and the details of the shareholdings reflect the status post-Admission. This news is based on a press release statement.
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