Vulcan Two Shareholders Back Acquisitions and Capital Raise Ahead of AIM Readmission

Vulcan Two Group PLC ( (GB:VUL) ) has shared an announcement.

Vulcan Two Group plc shareholders have overwhelmingly approved all three resolutions at the company’s general meeting, backing proposed acquisitions, authorising directors to allot equity securities, and disapplying pre-emption rights. The votes were unanimous on a poll, clearing the way for the firm’s reverse takeover, related placings and readmission of its enlarged share capital to trading on AIM.

Following admission of 2.5 million VCT placing shares on 18 March, Vulcan Two’s issued share capital will rise to 9,275,000 ordinary shares, ahead of full readmission of its enlarged 27,275,000-share capital on 19 March. The expanded share base, including VCT and non-VCT placing shares and consideration shares, will be used by investors for regulatory disclosure thresholds and marks a significant step in the company’s capital restructuring and growth plans.

More about Vulcan Two Group PLC

Vulcan Two Group plc is a London-listed company whose shares trade on AIM. The group is undertaking a reverse takeover and associated placings, expanding its ordinary share capital and broadening its investor base through VCT and non-VCT placings, as well as consideration shares issued in connection with acquisitions.

Average Trading Volume: 10,006

Technical Sentiment Signal: Strong Sell

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