Learn Africa Plc has notified the investing public of its proposal to raise additional equity capital via rights Issuance or other means upon such terms and conditions as the Board may deem fit.
At the meeting of the Board of Directors of Learn Africa Plc held on Tuesday, 8th of March 2022 the following resolutions were considered and duly passed:
- That the Board proposes for the approval of the Company’s Shareholders authorizing the Company to raise additional equity capital via rights Issuance or other means upon such terms and conditions as the Board may deem fit.
- That the Board be and is hereby authorized to enter into consideration with Hitch Technologies and/or other targeted company, it may deem fit for a potential acquisition of subject to due diligence and obtaining approvals from relevant regulatory authorities.
- That the Board be and is hereby authorized to appoint such professional advisers and other parties to ensure the successful execution of the fundraising exercise/merger and acquisition/rights issue.
- That the Board is hereby authorized to take all such incidental, consequential and supplemental actions and execute all requisite documents, notices, letters, agreements as may be necessary to give effect to the above resolutions, and all such other actions as may have already been taken by the Board in furtherance of the above resolutions, prior to the date of this meeting be and are hereby ratified.