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DJ Sandal plc Sandal Plc : Result Of General Meeting

 
TIDMSAND 
 
 
   SANDAL PLC 
 
   ("Sandal" or the "Company") 
 
   RESULT OF GENERAL MEETING 
 
   16 MAY 2018 
 
   The Board of Sandal is pleased to announce that at the General Meeting 
held today at the offices of Edwin Coe LLP, 2 Stone Buildings, Lincoln's 
Inn, London WC2A 3TH, the sole resolution was duly passed by 
shareholders. 
 
   The Company will now put in place the necessary arrangements to complete 
the transactions set out in the circular dated 27 April 2018 being i) 
the off-market agreement to purchase 862,068 ordinary shares of GBP0.02 
each in the capital of the Company from Greenbrook Industries Limited 
("GBI") for a total aggregate consideration of GBP249,999.70 and ii) for 
GBI to provide to the Company a term loan of up to GBP500,000. 
 
   These transactions are expected to be completed by 18 May 2018 and a 
further announcement will be made in due course. 
 
   This announcement contains information which, prior to its disclosure, 
was inside information for the purposes of Article 7 of EU Regulation 
596/2014. 
 
   The directors of Sandal Plc accept responsibility for the contents of 
this announcement. 
 
   Ends 
 
   Enquiries: 
 
   Sandal Plc                                            01279 422022 
 
   Alan Tadd, CEO 
 
   Oliver Tadd, Director 
 
   www.sandal-plc.co.uk 
 
   Cairn Financial Advisers LLP 
 
   David Coffman/Jo Turner             020 7213 0880 
 
   MB Communications 
 
   Maxine Barnes                                  07860 489571 
 
 
 
   Notes to editors: 
 
   Sandal plc commenced business in 1996 and joined NEX in March 2015.  The 
Company designs, develops and manufactures consumer electronics 
products. Its business is divided into two distinct product groups, 
PowerConnections, a long established wholesaler and reseller of a 
successful and patented range of converter plugs and power cables, and 
Energenie, which sells a newer product range that includes energy saving 
products, portable charging devices and the new Energenie MiHome range 
of products aimed at the "Home Automation" and "Internet of Things" 
marketplace. 
 
   The range of Energenie MiHome home automation products makes the remote 
operation of everyday household appliances and energy monitoring more 
accessible through integration with smartphone and tablet connectivity. 
The Energenie MiHome range is also integrated with the major players in 
the home automation market including Google Nest and Amazon Echo. 
Energenie MiHome products are available through a number of mainstream 
retailers including Amazon, Argos and Sainsbury's.  In addition 
Energenie also offers Eco and electrical, travel and energy saving 
products for homes and offices, reducing energy usage and the Home 
Automation sector. It has store listings for its current products with 
several large retailers including Homebase, Amazon, Screwfix, 
Toolstation and ASDA. 
 
   PowerConnections is a supplier to customers, in the UK and abroad, of 
single-phase electrical connection products. The products are 
manufactured in three partner factories in the Far East and have 
distributors worldwide for its range of patented converter plugs. The 
Company's product portfolio consists of International Power Leads, 
Rewireable Plugs, Converters and Connectors. These products are stocked 
in the Far East, Australia and UK. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Sandal plc via Globenewswire 
 
 
  http://www.sandal-plc.co.uk/ 
 

(END) Dow Jones Newswires

May 16, 2018 06:18 ET (10:18 GMT)