Bglobal PLC Irrevocable Undertaking (5000M)

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RNS Number : 5000M

Bglobal PLC

16 July 2014

Bglobal plc ('Bglobal' or the 'Company')

Irrevocable Undertaking

Further to the announcement made on 10 July 2014 relating to the proposed return of capital to shareholders of 11 pence per ordinary share, the delisting, the change of name and notice of general meeting, Bglobal is pleased to announce that it has received an irrevocable undertaking from Peter Kennedy, the Company's largest shareholder, to vote in favour of the resolutions to be proposed at the general meeting of the Company on 30 July 2014.

Peter Kennedy's irrevocable undertaking is in respect of 25,150,814 ordinary shares in the Company representing 23.63 per cent of the issued share capital of the Company.

Following the receipt of this irrevocable undertaking, Bglobal has received irrevocable undertakings to vote in favour of the resolutions at the general meeting from Directors and certain other shareholders in respect of their shareholdings, amounting in aggregate to 47,987,184 ordinary shares representing 45.08 per cent of the issued share capital of the Company.

The general meeting to approve the proposed return of capital to shareholders of 11 pence per ordinary share, the delisting and the change of name will be held at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL at 10.00 a.m. on 30 July 2014.

For further information, please contact:

 
John Grant, Executive    Mark Taylor                  Rebecca Sanders-Hewett 
 Chairman                 Laura White                  Dwight Burden 
 Tim Jackson-Smith, CEO   Charles Stanley Securities   David Ison 
 Bglobal plc              Nominated Adviser and        Redleaf Polhill 
 Tel: 01254 819 600       Broker                       Tel: 020 7382 4730 
                          Tel: 020 7149 6000

This information is provided by RNS

The company news service from the London Stock Exchange

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