BigDish Plc (LON: DISH), announces that, further to the announcement released by the Company on 22 August 2019, the requisite regulatory approvals in relation to the issue of the 13,812,920 ordinary shares to certain Pouncer shareholders (“Deferred Consideration Shares”) as part of the acquisition agreement were not obtained and as a consequence, the Company has withdrawn the application to admit the Deferred Consideration Shares to trading on the London Stock Exchange.
The Company will now submit a new application for 10,391,472 new ordinary shares of the previously unsuccessful application of the 13,812,920 ordinary shares, which have received the requisite regulatory approvals to be admitted to trading on the London Stock Exchange. Admission of the balance of the remaining 3,421,448 ordinary shares, which are still subject to regulatory approvals, will be sought at a later date.
Application has been made for 10,391,472 new ordinary shares of no par value to be admitted to trading which is expected to occur on or around 11 September 2019 (“Admission”).
Total Voting Rights
Following Admission, the Company’s enlarged issued share capital will be 348,950,355. The total number of voting rights in the Company is therefore 348,950,355. This figure 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 to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)
|Zak Mir, Digital Communications Officer||+44 (0) 7867 527658|
|Jonathan Morley-Kirk, Non-Executive Chairman||+44 (0) 7797 859986
Notes to Editors
BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile App.
The Company helps restaurants in the UK fill their spare capacity and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish App and website platforms. Restaurants pay BigDish a fee per diner seated.
BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas.