Source - LSE Regulatory
RNS Number : 3482B
Bigblu Broadband PLC
19 March 2025
 

19 March 2025

 

 

Bigblu Broadband plc

(the "Company")

Result of General Meeting

Bigblu Broadband plc (AIM:BBB), a leading provider of alternative super-fast and ultra-fast broadband services, is pleased to announce that the special resolutions to approve the proposed tender offer to shareholders (the "Tender Offer") proposed at the General Meeting of the Company held earlier today was duly passed

 

The full text of the resolutions can be found in the Notice of General Meeting, which is contained in Part VIII of the Circular published and issued to shareholders on 3 March 2025 and is available on the Company's website at: https://bbb-plc.com/investor-information/aim-rule-26

 

The Tender Offer remains subject to the approval of the Capital Reduction by the Court and the subsequent completion of the Capital Reduction which is expected to become effective on 10 April 2025.

 

The Tender Offer will close at 1.00 p.m. on 22 April 2025 and tenders received after that time will not be accepted (unless the Tender Offer is extended).

 

The full proxy results are shown below:

 

RESOLUTION

DESCRIPTION

FOR

AGAINST

WITHHELD

 

% Votes

Cast

Votes

% Votes

Cast

Votes

Votes

Votes Cast (Excl. Votes Withheld

1.

To Authorise the Capital Reduction

99.994%

34,143,101

0.006%

2,000

13,017

34,145,101

2.

To Authorise the Market Purchase of Ordinary Shares

99.994%

34,120,614

0.006%

2,000

35,504

34,122,614

 

The remaining expected timetable of principal events for the Tender Offer remains as set out in Part I of the Circular, as below:

 

 

Directions Hearing for Capital Reduction

28 March 2025

Confirmation Hearing for Capital Reduction

8 April 2025

Effective date for Capital Reduction

10 April 2025

Latest time and date for receipt of Tender Forms and settlement of TTE instructions and share certificates in relation to the Tender Offer (i.e. close of Tender Offer)

1.00 p.m. on 22 April 2025

Tender Offer Record Date

6.00 p.m. on 22 April 2025

Announcement of results of the Tender Offer

23 April 2025

Purchase of Ordinary Shares under the Tender Offer

24 April 2025

CREST accounts credited for revised, uncertificated holdings of Ordinary Shares (or, in the case of unsuccessful tenders, for entire holdings of Ordinary Shares)

by 24 April 2025

CREST accounts credited in respect of Tender Offer proceeds for uncertificated Ordinary Shares

by 29 April 2025

Despatch cheques in respect of Tender Offer proceeds for certificated Ordinary Shares

by 6 May 2025

Return of share certificates in respect of unsuccessful tenders of certificated Ordinary Shares

by 6 May 2025

Despatch of balancing share certificates (in respect of certificated Ordinary Shares) for revised, certificated holdings in the case of partially successful tenders

by 6 May 2025

 

All times are references to London times and are indicative only and may change. Each of the above times and dates is based on the Company's expectations as at the date of this Circular. If any of the above times and/or dates change, the revised times and/or dates will be notified to Shareholders by an announcement through a Regulatory Information Service.

 

 

For further information

Bigblu Broadband PLC

www.bbb-plc.com

Frank Waters, Chief Executive Officer

www.bbb-plc.com

Cavendish Capital Markets Limited (Nomad and Broker)

Marc Milmo / Finn Gordon (Corporate Finance)

Tim Redfern / Jamie Anderson (ECM)

Tel: +44 (0)20 7220 0500

 

Cautionary note regarding forward-looking statements

 

 

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "forecasts", "plans", "prepares", "targets", "anticipates", "projects", "expects", "intends", "may", "will", "seeks", or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the Company's and the Directors' intentions, beliefs or current expectations concerning, amongst other things, the Company's prospects, growth and strategy. No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean the Company's performance in future would necessarily match or exceed the historical published performance of the Company.

 

By their nature, forward-looking statements involve risks and uncertainties because they relate to future events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, achievements and financial condition may differ materially from those expressed or implied by the forward-looking statements in this announcement. In addition, even if the Company's results of operations, performance, achievements and financial condition are consistent with the forward-looking statements in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.

 

Any forward-looking statements that the Company makes in this announcement speak only as of the date of such statement, and none of the Company or the Directors undertake any obligation to update such statements unless required to do so by applicable law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

 

 

 

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