VVV Resources Limited (AQSE: VVV), quoted on the Aquis Growth Market, is pleased to announce that the Annual General Meeting of the Company will be held at the offices of Peterhouse Capital Ltd, Third Floor, 80 Cheapside, EC2V 6EE, London, United Kingdom at 10:00 a.m. on 9 June 2025.
The Notice of AGM and Proxy Form will shortly be available at: https://www.vvvresources.co.uk/
Underwritten subscription
Subject to the Resolutions being passed at the AGM, Campana Investments Limited (“Campana”) has underwritten the Subscription of £900,000, through the issuance of 90,000,000 new ordinary shares of no par value (“Ordinary Shares”), at £0.01 per share. Prior to the Annual General Meeting, Campana will have the right to procure other subscribers to participate in the Subscription, subject to satisfactory anti-money laundering requirements and due diligence. A further update will be provided shortly after the Annual General Meeting.
In consideration for underwriting the Subscription, Campana will receive:
- an underwriting commission equal to £90,000;
- one warrant for each new Ordinary Share subscribed pursuant to the Subscription, exercisable at £0.012, valid for three years from Admission and which will vest on Admission.
As announced on 17 April 2025, Campana has already subscribed to £100,000 of Ordinary Shares at £0.01 per share, with warrants on the same terms as the Subscription.
Proposed Name Change and Strategy
The Annual General Meeting will consider, inter alia, amendments to the Investment Strategy and a name change of the Company to VVV Sports Limited that has been secured. In addition, the domains vvvsport.vg and vvvsports.vg have been registered.
The proposed Investment Strategy proposes to invest in the sports and entertainment sector, particularly the fast growing and widely adopted young sports such as Padel Tennis, Pickleball and Beach Tennis.
Resignation of Director
David Ajemian has left the board of the Company with immediate effect.
The Company wishes David all the best in his future endeavours.
A copy of the Non-Executive Director’s letter and the expected timetable of principal events contained in the Circular are set out in full below without material amendment or adjustment.
The Directors of the Company accept responsibility for the contents of this announcement.
For further information please contact:
VVV Resources Limited:
Mahesh S/o Pulandaran (Non-Executive Director)
+44 (0)20 3813 0175
Aquis Growth Market Corporate Adviser:
Peterhouse Capital Limited
+44 (0) 20 7469 0936
Link to view the full announcement