REG-MediaZest Plc: Result of General Meeting

MediazestAnnouncement

13/11/2019 11:25

Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014 until the release of this announcement

13 November 2019

MediaZest plc
(“MediaZest”, the “Company” or the “Group”)

Result of General Meeting
&
Total Voting Rights

MediaZest (AIM: MDZ), the creative audio-visual company, is pleased to
announce that all resolutions were duly passed at the Group’s General
Meeting which was held earlier today. 

Share Capital Reorganisation

Following the passing of the resolutions at the General Meeting, each of the
Company's 1,396,425,774 Existing Ordinary Shares will be sub-divided into one
New Ordinary Share of 0.01p (the “New Ordinary Shares”) and one deferred
share of 0.09p ("New A Deferred Shares").  The New A Deferred Shares will
have no value or voting rights and subscribers will not be issued with a share
certificate in respect of the New A Deferred Shares.  The New Ordinary Shares
will continue to carry the same rights as attached under the Articles to the
Existing Ordinary Shares, save for the reduction in nominal value. The meeting
also considered the position of the company in accordance with section 656 of
the Companies Act, no further action was recommended.

Admission to AIM and Total Voting Rights

Dealings on AIM in the Existing Ordinary Shares will cease at the close of
business on 13 November 2019. Application has been made for the admission of
1,396,425,774 New Ordinary Shares to trading on AIM (the “Admission”) and
it is expected that Admission will take place and that trading in the New
Ordinary Shares will commence, at 8.00 a.m. on 14 November 2019.  No
application will be made for admission of the New A Deferred Shares to trading
on AIM nor will any such application be made to any other exchange.

Following Admission, there will be a total of 1,396,425,774 New Ordinary
Shares, with voting rights, in issue.  The Company does not hold any shares
in treasury.  Consequently, 1,396,425,774 is the figure which may be used by
shareholders as the denominator for the calculation 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.

Unless otherwise indicated, all defined terms in this announcement shall have
the same meaning as described in the Company’s announcement dated 28 October
2019 and the Circular which was posted to shareholders on the same day.

 Enquiries:                                                                                    
 MediaZest Plc Geoff Robertson Chief Executive Officer                          0845 207 9378  
 SP Angel Corporate Finance LLP Nominated Adviser David Hignell / Stephen Wong  020 3470 0470  
 Hybridan LLP Broker Claire Noyce                                               020 3764 2341  

Notes to Editors:

About MediaZest

MediaZest is a creative audio-visual systems integrator that specialises in
providing innovative marketing solutions to leading retailers, brand owners
and corporations, but also works in the public sector in both the NHS and
Education markets. The Group supplies an integrated service from content
creation and system design to installation, technical support, and
maintenance. MediaZest was admitted to the London Stock Exchange's AIM market
in February 2005. For more information, please visit www.mediazest.com.



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