TIDMHELD
RNS Number : 0350U
Hellenic Dynamics PLC
20 November 2023
20 November 2023
Hellenic Dynamics plc
("Hellenic Dynamics" or the "Company")
Result of General Meeting
London, 20 November 2023 , Hellenic Dynamics Plc (LSE: HELD), a
medical cannabis cultivator with a dedicated focus on producing
tetrahydrocannabinol ("THC") dominant strains of medical cannabis
flowers for the burgeoning European medical cannabis markets
announces that all resolutions put to the General Meeting held at 9
a.m. today were passed by shareholders on a show of hands. The
proxy results received ahead of the General Meeting were:
Resolution For Against Withheld Total votes cast
No. of votes % No. of votes %
ORDINARY RESOLUTIONS
1. Consolidation of Share Capital 4,837,628,987 98.17% 90,116,537 1.83% 22,032,009 4,927,745,524
2. Sub-Division and Reclassification
of Shares 4,835,697,769 98.17% 90,047,755 1.83% 24,032,009 4,925,745,524
SPECIAL RESOLUTIONS
3. Adoption of New Articles 4,841,800,259 98.26% 85,582,526 1.74% 22,394,748 4,927,382,785
Following all resolutions being passed at the General Meeting,
the Company confirms its intention to adhere to the timetable set
out in the Company's announcement of 17 November 2023 - 'Timetable
for the Proposed Capital Reorganisation'.
In accordance with Listing Rule 14.3.6R(1) a copy of the
circular and proxy posted to shareholders in relation to the
Capital Reorganisation can be found on the National Storage
Mechanism at:
www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
.
Enquires:
Hellenic Dynamics plc +44 (0)20 3818 7850
Davinder Rai davinder@hellenicdynamics.com
Cairn Financial Advisers LLP +44 (0)20 7213 0880
Emily Staples / Jo Turner
Peterhouse Capital +44 (0)20 7469 0930
Lucy Williams / Charles Goodfellow
About Hellenic Dynamics plc
Founded in 2019, Hellenic Dynamics is specifically focused on
the cultivation and supply of THC ("tetrahydrocannabinol") -
dominant strains of medical cannabis flowers, destined for the
growing medical cannabis markets across Europe. Hellenic Dynamics'
core strategy is to develop and operate its 40,000 square metre
active cultivation licence from its 195,506 square metre facility
located near Thessaloniki in Northern Greece. In full production,
Hellenic Dynamics is capable of producing over 54,000 kg of dried
flowers per annum.
Hellenic Dynamics will take advantage of its relatively low cost
base resulting from a comparatively low cost of power, having its
own running water supply and the labour rates for skilled and
semi-skilled labour in Northern Greece.
25 European countries now allow medical cannabis via
prescription and the European cannabis market is expected to reach
EUR43.3 billion per annum by 2027. Sales of Hellenic Dynamics'
dried THC-dominant cannabis flowers and extracts are initially
intended for export into Europe's largest market - Germany, in
addition to other European markets including domestically in
Greece.
As the first medical cannabis cultivator to obtain a listing on
the main market for listed securities of the London Stock Exchange,
Hellenic is significantly different to the number of CBD
(Cannabidiol) related companies that have appeared over the recent
years. Hellenic Dynamics cultivates THC-dominant medical cannabis
flowers. THC-dominant medical cannabis products are only available
via a medical prescription. Medicinal cannabis has been approved
for use both in the United Kingdom and Germany, plus 23 other
European countries, for conditions including but not limited to
chronic pain, intractable chemotherapy-related nausea, anxiety,
insomnia, Tourette's syndrome, substance use disorder, multiple
sclerosis, IBS, spinal cord treatment, lack of appetite due to
HIV/AIDS, cachexia, anorexia and glaucoma.
For further information please visit our website
www.hellenicdynamics.com
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ROMFLFLRLILIFIV
(END) Dow Jones Newswires
November 20, 2023 11:30 ET (16:30 GMT)
Hellenic Dynamics (LSE:HELD)
過去 株価チャート
から 4 2024 まで 5 2024
Hellenic Dynamics (LSE:HELD)
過去 株価チャート
から 5 2023 まで 5 2024
