Unigel Group
plc
(the
"Group" or the "Company")
Result of General Meeting,
Issue of Equity
& Director/PDMR
Shareholding
Unigel Group plc (AQSE: UNX), the manufacturer
and supplier of materials used in the manufacture of
telecommunication fibre optic cables announces that at the
Company's general meeting ("GM") held earlier today, all
resolutions were duly passed.
Further to the announcement on 2 February 2024,
the Company has issued 3,173,106 new ordinary shares at a price of
64 pence per new ordinary share to Unigel Limited ("Share
Issuance"), a Hong Kong incorporated company, in lieu of a
£2,030,787.84 loan owed to Unigel Limited. Eric Chhoa, a director
of the Company, is the sole shareholder of Unigel
Limited.
On Admission (defined below), Eric Chhoa will
be beneficially interested in 9,667,560 ordinary shares in the
Company representing 66.9 per cent. of the Company's enlarged
issued share capital. 6,494,454 ordinary shares are held through
Hikari Capital Limited and 3,173,106 ordinary shares are held
through Unigel Limited.
Admission
Application has been made for the Share
Issuance shares to be admitted to trading on the Aquis Stock
Exchange Growth Market on or around 28 February 2024 ("Admission")
and will rank pari passu
with the ordinary shares of the Company in issue.
Total voting
rights
Following Admission, the Company's issued share
capital will comprise 14,458,106 ordinary shares of 0.5p each, with
each share carrying the right to one vote, therefore the total
number of voting rights in the Company will be 14,458,106. This
figure may be used by shareholders as the denominator for
calculations by which they will determine if they are required to
notify their interest in the Company, or a change to their interest
in the Company, under the Financial Conduct
Authority's Disclosure Guidance and Transparency
Rules.
This announcement contains inside information
for the purposes of the UK Market Abuse Regulation and the
Directors of the Company are responsible for the release of this
announcement.
Enquiries:
|
Unigel Group
plc
|
|
|
Eric Chhoa
|
+81 80 6929
3688
|
|
Gary Revel-Chion
|
+44 (0) 1273 612
122
|
|
Cairn
Financial Advisers LLP (AQSE Corporate Adviser)
|
|
|
Jo Turner
|
+44 (0) 20 7213
0880
|
|
Ludovico Lazzaretti
|
|
Notes to
Editors
Unigel Group plc is the holding company whose
operating subsidiaries, Unigel (UK) Limited ("Unigel") and Unitape
Limited ("Unitape") manufacture and distribute materials used in
the manufacture of telecommunication fibre optic cables.
Unigel formulates, manufactures, and markets
thixotropic gels primarily to the fibre optic cable industry. In
addition, it also makes specialty gel products for the
construction, green energy, and high voltage transmission apparatus
markets.
Unitape is one of the largest domestic
manufacturers and suppliers of laminated steel tapes to the fibre
optic cable industry in North America.
|
Notification of
a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a.
|
Name
|
Eric Chhoa
|
|
2
|
Reason for
notification
|
|
|
a.
|
Position/Status
|
Chief Executive Officer of the Company (also the
controller and majority shareholder of Hikari Capital
Limited)
|
|
b.
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a.
|
Name
|
Unigel Group plc
|
|
b.
|
LEI
|
213800WJ4R4R99242P96
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial instrument, type of
instrument
Identification Code
|
Ordinary shares of 0.5 pence each
ISIN: GB00BPP4RY41
|
|
b.
|
Nature of the transaction
|
Share Issuance to Unigel Limited in lieu of a
loan
|
|
c.
|
Price(s) and volume(s)
|
|
|
Price
|
Volume
|
|
64p
|
3,173,106
|
|
|
|
|
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
|
|
e.
|
Date of the transaction
|
23 February 2024
|
|
f.
|
Place of the transaction
|
Off-market transaction
|