Result of AGM

DDD Group plc announces that all the Resolutions contained in the Notice of AGM were duly passed and that Mr. Paul Kristensen has retired by rotation from the Board of Directors with immediate effect. The proxy results for the meeting will be posted on the Company’s website later today.

Included in the Resolutions was the approval for the Company to cancel admission of its ordinary shares (‘Ordinary Shares’) to trading on AIM with effect from 7 July 2016. 112,801,969 shares (59.2% of the issued share capital) were voted on this resolution with 104,432,084 (92.6%) voting in support for the resolution and 8,369,885 (7.4%) voting against it. The last day of dealings in the Ordinary Shares on AIM will be 6 July 2016. If shareholders wish to buy or sell Ordinary Shares on AIM they must do so prior to the cancellation becoming effective.

The Board is pleased to announce that it has decided to join the Asset Match private market with effect from 7 July 2016. Asset Match, a firm authorised and regulated by the Financial Conduct Authority, will operate an electronic off-market dealing facility for the Ordinary Shares. This facility will allow Shareholders to trade their Ordinary Shares on a matched bargain and arm’s length basis via periodic auctions.

The matched bargain trading facility operates under its own code of practice which governs the behaviour of participants and the running of the auctions. This code of practice is available to view at www.assetmatch.com and requires that, among other things, the Company:

  • has management information systems and a sound system of internal controls appropriate to its size, so as to provide a reasonable basis for the Company to make informed decisions about its financial position and prospects; and
  • has adopted a code of dealings in relation to the Shares for directors and their connected persons and relevant staff, based on the UK Listing Authority’s Model Code on directors’ dealings; and
  • provides all shareholder communications and submissions made to Companies House to be made available on their Company’s page via the Asset Match website.

Shareholders are encouraged to register at www.assetmatch.com and to add DDD Group plc to their “watchlist” in order to keep up to date with developments. Further details regarding this facility and auction timelines will be made available in due course via the Company’s website at dddgroupplc.com.