Diginex Limited (NASDAQ: DGNX), a provider of ESG, sustainability and compliance solutions to institutional and corporate clients, today announced that its shareholders have approved all of the proposals submitted at Diginex’s Extraordinary General Meeting held on October 8, in connection with the Company’s proposed acquisition of Resulticks Global Companies Pte. Limited.
At the EGM, the Diginex shareholders approved, among other things, the Amended and Restated Sale and Purchase Agreement, dated August 14 between Diginex and the shareholders of Resulticks, the issuance of 600,000,000 new Diginex ordinary shares, which will be adjusted for the ten-for-one share consolidation, discussed below, to the Sellers as consideration pursuant to the A&R SPA, the resulting change of control, an increase in the Company’s authorized share capital, a ten-for-one share consolidation of the Company’s ordinary shares and the adoption of an amended and restated memorandum and articles of association for the Company.
Shareholder approval represented a key milestone toward completion of the Transaction. With approximately 98.8% of votes present at the EGM cast in favor of the Transaction, Diginex and Resulticks are focused on satisfying the remaining closing conditions, including NASDAQ approval of the combined company's initial listing application.
DGNX shares edged up 0.5 cents to $1.22.
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