TIDMZAMZ
RNS Number : 7378T
Zamaz PLC
21 March 2023
21 March 2023
Zamaz plc
("Zamaz" or "the Company")
Result of Adjourned Meeting of the holders of the Company's
EUR 3,000,000 6% Fixed Rate Bonds due 30 April 2023 (ISIN
GB00BL96TV97)
On 9 March 2023, Zamaz plc (LSE: ZAMZ), the London-based
international e-commerce and retail technology aggregator of
sustainable brands, convened a meeting of the holders ("the
bondholders") of the Company's EUR 3,000,000 6% Fixed Rate Bonds
due 30 April 2023 ("the 6% Bonds"), ISIN GB00BL96TV97, to consider
and, if thought fit, approve a proposal to modify the terms and
conditions of the 6% Bonds by way of an extraordinary
resolution.
The Meeting was, however, not deemed quorate under the Terms and
Conditions of the Bond Instrument and was consequently adjourned. A
notice of reconvened meeting, together with an amended Consent
Solicitation Memorandum, was sent to bondholders on the same day
reconvening the meeting for 9.00 am today, 21 March 2023 at 50,
Sloane Avenue, London, SW3 3DD. An announcement was also issued on
the London and Vienna Stock Exchange systems.
The meeting was duly held and the extraordinary resolution was
put to bondholders, seeking approval for:
-- the maturity of the 6% Bonds to be extended to 30 April 2026 from 30 April 2023; and
-- an increase in the Nominal Value of the bonds to up to EUR 15,000,000 from EUR 3,000,000; and
-- the Rate of Interest to be increased to 7.5 per cent. from 6.0 per cent per annum.
The extraordinary resolution was passed unanimously.
Following the passing of the resolution, bondholders also become
entitled to warrants to subscribe for new Zamaz shares in an amount
equal to the par value of bonds held at the time of grant of the
warrants divided by the GBP0.11 strike price of the warrant, plus a
further number of Zamaz shares at a deemed issue price of nominal
value, representing a 10% conversion premium. The duration of the
warrants will be three years from the implementation date. They
will be fully transferrable.
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.
Zamaz plc
Martin Groak, Chairman info@zamaz.tech
c/o Walbrook PR Limited
Walbrook PR Limited +44 20 7933 8780 or +44 07 768807631
Paul Vann/Nick Rome/Joe Walker zamaz@walbrookpr.com
About Zamaz plc:
Zamaz plc is a technology driven e-commerce business that
originates, acquires or licenses, operates and scales small and
medium-sized brands with category-winning products on global
marketplaces. With ever prolific customer data sources, the advent
of turnkey e-commerce website platforms, such as Shopify, and a
thriving ecosystem of third-party software integrators, the options
available to launch and build brands that can be marketed, sold,
and shipped online quickly and globally with limited risk have
never been more compelling. Such marketplaces, led by Amazon and
eBay, also provide connection to millions of consumers, and have
become a first-choice route-to-market for a generation of micro and
small and medium-sized enterprise businesses.
Zamaz mines and analyses data from such online retail technology
platforms which provide significant insights into consumer shopping
behaviour and trends and enable the business to deploy, market and
sell an optimised portfolio of brands, products, packs and prices
aligned with active, real-time consumer needs and demands
principally on UK and EU Amazon marketplaces.
About Bella Dispensa:
Bella Dispensa, a wholly-owned subsidiary of Zamaz, is an
Italian-based online retailer of gourmet Italian food products
which operates in one of the fastest growing online sectors,
grocery shopping. The extensive relationships that Bella Dispensa
enjoys with its niche food suppliers makes it a strong addition to
the Zamaz Brand Portfolio and will give Zamaz the opportunity to
showcase and sell Bella Dispensa sourced products on its online
platform.
Bella Dispensa has already made three acquisitions since Zamaz
listed on the Main Market of the London Stock Exchange; the first
two in H2 2022: Ecocarni, a purveyor of premium quality meats and
associated products sourced from Italy and Argentina to both
wholesale and retail customers, from its flagship store in Milan
and Eccellenze S.r.l. which has a retail store located on Milan's
prestigious Corso Venezia, one of the city's most exclusive and
elegant avenues, being part of the upscale Quadrilatero della moda
shopping district. Recently established in Q4 2021, Eccellenze has
grown rapidly, and now offers over 1,000 premium quality food
products in-store, including cheese, pasta, wine and oil. Its
highly experienced management team has also developed a unique
eno-gastronomic "lifestyle shopping experience" for its growing,
highly discerning client base.
Most recently, Bella Dispensa has acquired Dallate Italia srl.
Dallatte, based in Piedmont, Italy, is a manufacturer and
distributor of premium dairy products using natural ingredients
including ice cream and pastries, milk, butter and cooking cream,
fresh and dry pastries and frozen filled pasta. The Dallatte brand
is synonymous with "Italian Food Excellence" and has distribution
outlets across Europe.
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END
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(END) Dow Jones Newswires
March 21, 2023 08:10 ET (12:10 GMT)
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