Results of General Meeting & TVR
Reabold Resources plc announced that all resolutions were passed at its General Meeting, approving a fundraising that raised gross proceeds of approximately £4.2 million through the issuance of 4,231,800,000 New Ordinary Shares. Admission of these new shares to AIM is expected on April 28, 2026, at which point the total issued share capital will be 14,706,485,207 Ordinary Shares, resulting in 14,426,213,490 total voting rights. A share consolidation will also take effect from May 8, 2026, with new ISIN and SEDOL identifiers to be used.
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Reabold Resources plc, the investing company focused on developing strategic gas projects for European energy security, is pleased to announce that the resolutions put to shareholders at its General Meeting held earlier today were duly passed by a show of hands.
Accordingly, conditional on Admission, the Company has raised gross proceeds of c.4.2 million through the issue of 4,231,800,000 New Ordinary Share pursuant to the fundraising announced on 1 April 2026 (the "Launch Announcement").
Capitalised terms used in this announcement (the "Announcement") have the meanings given to them in the Launch Announcement, unless the context provides otherwise.
Proxy Votes
The proxy votes cast for each of the resolutions put before the General Meeting of Reabold were as follows:
| Resolution | Votes For | % | Votes Against | % | Total votes cast (excluding withheld) | % of Issued Share Capital Voted | Votes Withheld |
|---|---|---|---|---|---|---|---|
| Resolution 1: Directors' Authority to Allot Shares in connection with the Fundraising | 2,386,718,725 | 93.19 | 174,432,383 | 6.81 | 2,561,151,108 | 25.12% | 25,641,866 |
| Resolution 2: Directors' Authority to Allot Shares in connection with the Warrants | 2,376,205,030 | 92.78 | 184,946,078 | 7.22 | 2,561,151,108 | 25.12% | 25,641,866 |
| Resolution 3: Directors' General Authority to Allot Shares | 2,365,506,211 | 92.42 | 194,101,061 | 7.58 | 2,559,607,272 | 25.11% | 27,185,702 |
| Resolution 4: Consolidation of the Company's Ordinary Shares | 2,524,477,472 | 97.62 | 61,607,105 | 2.38 | 2,586,084,577 | 25.37% | 708,397 |
| Resolution 5: Special Resolution: Disapplication of Pre-emption Rights for Fundraising Shares | 2,363,153,890 | 91.41 | 221,958,560 | 8.59 | 2,585,112,450 | 25.36% | 1,680,524 |
| Resolution 6: Special Resolution: Disapplication of Pre-emption Rights in Respect of Warrants | 2,362,665,919 | 91.40 | 222,231,964 | 8.60 | 2,584,897,883 | 25.36% | 1,895,091 |
| Resolution 7: Special Resolution: General Disapplication of Pre-emption Rights | 2,358,543,846 | 91.24 | 226,354,037 | 8.76 | 2,584,897,883 | 25.36% | 1,895,091 |
| Resolution 8: Special Resolution: Adoption of New Articles | 2,398,359,293 | 92.86 | 184,307,286 | 7.14 | 2,582,666,579 | 25.33% | 4,126,395 |
* Total voting rights of the shares in issue, excluding the 280,271,717 ordinary shares held in Treasury, was 10,194,413,490. Every shareholder has one vote for every ordinary share held.
** Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.
Admission and Total Voting Rights
An application has been made for the New Ordinary Shares to be to be issued pursuant to the Fundraise to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealing in the New Ordinary Shares will commence on or around 8:00 a.m. on 28 April 2026. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following Admission and prior to the Share Consolidation, the total issued share capital of the Company will consist of 14,706,485,207 Ordinary Shares. The Company holds 280,271,717 Ordinary Shares in treasury. Accordingly, on admission, the total number of voting rights in the Company will be 14,426,213,490 and this is the figure that 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
As announced on 23 April 2026, Sachin Oza has subscribed for a further 75,000,000 New Ordinary Shares which will be issued, and for which an application for admission to trading on AIM will be submitted, separately. An announcement of the application and the new number of the total number of shares in issue will be made in due course.
Share Consolidation
Following the approval of the Share Consolidation at the General Meeting and its implementation, the Company's ordinary shares will trade under a new ISIN and SEDOL.
With effect from 8 May 2026, the Company's ordinary shares will be admitted to trading on AIM under the following identifiers:
- New ISIN: GB00BVK55Z16
- New SEDOL: BVK55Z1
The existing ISIN GB00B95L0551 will be cancelled with effect from the same date. CREST accounts are expected to be credited with the consolidated ordinary shares under the new ISIN on 8 May 2026.
Except as set out above, the Company's ordinary shares will continue to trade on AIM and no further action is required by shareholders.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.