Stock market today: S&P 500 hits fresh record close on stronger economic growth
LONDON - VVV Resources Limited (AQSE:VVV), a company listed on the Aquis Growth Market, has announced a series of corporate actions including a fundraising initiative, a change in investment strategy, a proposed company name change, and the resignation of a board director.
The company is set to hold its Annual General Meeting (AGM) on June 9, 2025, where shareholders will vote on these key matters. Ahead of the AGM, VVV Resources has secured an underwritten subscription agreement with Campana Investments Limited to raise £900,000. This will be achieved through the issuance of 90 million new ordinary shares at a price of £0.01 per share.
Campana Investments, which has already invested £100,000 in VVV Resources at the same share price, will receive an underwriting commission of £90,000. Additionally, Campana will be granted one warrant for each new share subscribed, exercisable at £0.012 for three years following their admission.
In a strategic pivot, VVV Resources is proposing to change its name to VVV Sports Limited, reflecting a new investment strategy focused on the sports and entertainment sector. The company has expressed particular interest in emerging sports with growing popularity such as Padel Tennis, Pickleball, and Beach Tennis.
Concurrent with these developments, David Ajemian has resigned from the board of directors of VVV Resources. The company has expressed its gratitude to Ajemian for his service and wished him well in future endeavors.
Details regarding the AGM and the related proxy form will soon be available on the company’s website. Further updates are expected to follow the AGM.
This announcement is based on a press release statement from VVV Resources Limited.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.