‘Overwhelming’ support for £30m WANdisco equity fundraise

Resolutions put forward at a general meeting to enable WANdisco to go ahead with a £30m equity fundraise this month have been passed, with more than 97% of shareholder votes in favour of the measure.

The Sheffield-headquartered big data business, which has been battered by the impact of a multi-million pound fraud, is seeking to resume trading in its shares on AIM.

It has now published the results of a shareholder vote on the issue of new ordinary shares.

Ken Lever, chairman, said: “The passing of these important resolutions is a critical milestone for funding the company and supporting the re-listing process, which I believe is important for the benefit of all our shareholders and stakeholders. 

“I would like to thank our shareholders for their overwhelming support. This follows a fulsome consultation where I have personally met a large majority of our shareholder base and received strong support for the board’s plans. 

“We will now move to the next stage of our capital raising plans which will include an investor roadshow later in June and will keep our shareholders informed as appropriate.”

Trading in WANdisco shares has been suspended since 9 March. The company is being investigated after millions of pounds worth of false purchase orders were made by one of its senior sales employees.

Last month, the firm confirmed it would be slashing its global headcount by about 30%.