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Arqit Quantum Inc. 6-K Report: Share Capital Increase Approved at EGM

$ARQQ
Form 6-K
Filed on: 2024-12-19
Source
Arqit Quantum Inc. 6-K Report: Share Capital Increase Approved at EGM

Here are the key insights from the financial report section provided:

  1. Company Information:
  • Name: Arqit Quantum Inc.
  • Address: 3 Orchard Place, London SW1H 0BF, United Kingdom.
  • Commission File Number: 001-40777.
  1. Report Type:
  • This report is a Form 6-K, which is typically used by foreign private issuers to disclose information that is required to be made public in their home country.
  1. Meeting Details:
  • Extraordinary General Meeting (EGM) was held on December 18, 2024.
  • Quorum: 7,332,205 ordinary shares were represented.
  • Record Date: October 29, 2024.
  1. Proposal Voted On:
  • Approval to Increase Authorized Share Capital:
    • From $50,000 (18,760,000 ordinary shares and 1,240,000 preference shares) to $100,000 (37,520,000 ordinary shares and 2,480,000 preference shares).
    • This involves creating an additional 18,760,000 ordinary shares and 1,240,000 preference shares.
  1. Voting Results:
  • For: 7,287,595 votes.
  • Against: 40,179 votes.
  • Abstain: 4,431 votes.
  • The proposal was approved by a significant majority.
  1. Legal Disclaimer:
  • The information in this report is not considered "filed" under the Exchange Act, but is incorporated by reference into the company's registration statements on Form S-8 and Form F-3.
  1. Signature and Authorization:
  • The report was signed by Nick Pointon, Chief Financial Officer, on December 19, 2024.

This report indicates a significant corporate action in increasing the share capital, which could be aimed at raising additional funds for growth or other business initiatives. The overwhelming approval of the proposal suggests strong support from shareholders.