Mollyroe Plc - Result of General Meeting

This announcement contains inside information for the purposes of the UK Market Abuse Regulations ('UK MAR'). Upon publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain.

9 October 2026

 

Mollyroe plc

("Mollyroe" or the "Company")

 

Result of General Meeting

 

Acquisition of Cascade, Rule 9 Waiver and £1.93 million Fundraise approved

 

Conversion of Loan Notes

 

Consolidation

 

Mollyroe (AQSE: MOY) is pleased to announce that all the resolutions were duly passed at the General Meeting of the Company held earlier today. Resolution 1, the Rule 9 Waiver Resolution, was passed by Independent Shareholders as an ordinary resolution, on a poll.

 

Accordingly, the Acquisition has become unconditional in all respects save for Admission, which is expected to take place at 8.00 a.m. on Monday 12 October 2026.

 

Cascade’s core product is an AI-native, end-to-end film production platform designed to support the creative workflow from initial concept and script development through storyboarding, asset creation, video and audio generation and final edit. The platform is intended to provide a single connected production environment, reducing reliance on multiple standalone applications and enabling greater consistency and control across a production.

 

The Cascade platform incorporates proprietary agentic AI and asset-management technology intended to connect project data and creative assets across each stage of production.

 

Since the launch of its open beta in June 2026, Cascade has continued to attract engagement from creators and larger enterprises trialling the platform. The Company is continuing to onboard enterprise clients, IP and rights holders, and production studios, with feedback received to date being positive.

 

Cascade has established a growing pipeline of production opportunities and is undertaking a number of ongoing trials and evaluations with commercial partners. The Company anticipates that some of these engagements may progress into enterprise client relationships in the fourth quarter of 2026.

 

In particular, Cascade has, since launch, signed a services agreement with a major IP rights holder which will use the Cascade platform to develop videos/films based on IP rights owned by the rights holder.

 

Cascade’s open beta cycle closed successfully on 9 October 2026, and the Cascade platform is now fully live at www.cascadestudio.ai.

 

Commenting on the acquisition of Cascade, Darren Hopkins, CEO of Mollyroe, said:

 

“We are delighted to have completed the acquisition with the support of our new investors and to have Cascade operating as a public company.

 

“Since the beta launch in early June, we have been hugely encouraged by the growing number of subscribers trialling the platform and have recently onboarded our first enterprise level customers. The new funds raised will enable the rollout of our formal customer acquisition strategy with the platform now fully live, whilst also supporting wider marketing initiatives and platform upgrades.

 

We are excited by the early progress made and will be providing further updates soon.” 

          

Issue of New Shares

Following the passing of the Resolutions, New Shares will be issued as follows:

 

• 1,759,144,693 Consideration Shares to the Cascade Vendors
• 725,563,898 Ordinary Shares pursuant to the Fundraise, which has raised £1.93 million (net of expenses) for the Company
• 178,000,000 Ordinary Shares pursuant to the CLN Conversion
• 73,308,269 Ordinary Shares as Fee Shares

 

Admission

Application has been made for the New Shares to be admitted to trading on Aquis. It is expected that Admission will become effective and that dealings in the New Shares will commence at 8.00 a.m. on Monday 12 October 2026.

 

The New Shares will, on Admission, rank pari passu in all respects with the Ordinary Shares and will rank in full for all dividends and other distributions hereafter declared, paid or made on the ordinary share capital of the Company.

 

Consolidation

The resolution approving the Consolidation of every 10 Existing Ordinary Shares into 1 Consolidated Share was also approved at the General Meeting.

 

Accordingly, the Company’s 2,960,292,340 Existing Ordinary Shares will be consolidated into 296,029,234 Consolidated Shares with effect from 8.00 a.m. on Wednesday 14 October 2026.

 

Technical information regarding the Consolidation:

Consolidation Ratio:   1 Consolidated Share for every 10 Existing Ordinary Shares

Consolidated Shares’ Nominal value: 0.1p per share

Consolidation Record Date:   6.00 p.m. on Tuesday,13 October 2026

Consolidation Effective Date:  Wednesday 14 October 2026

Shares in issue post-Consolidation: 296,029,234

ISIN for Consolidated Shares:  GB00C04FVX99

SEDOL for Consolidated Shares: C04FVX9

 

The Consolidated Shares will rank pari passu in all respects with one another and will carry the same rights as the Existing Ordinary Shares, including rights in respect of voting, dividends and returns of capital, save for the change in nominal value resulting from the Consolidation.

 

Change of Name

The change of the Company’s name to Cascade Studio AI Plc (TIDM: CASC) is expected to become effective shortly, when a further announcement will be made.

 

Concert Party Holdings

The interests of the Concert Party Members, as they will be on Admission, are set out below.  

 

 

Following Completion and Admission, the Concert Party will hold Ordinary Shares representing more than 50 per cent. of the voting rights of the Company and, accordingly, for so long as they continue to be acting in concert, the Concert Party will be able to increase its aggregate shareholding in the Company without incurring any obligation under Rule 9 to make a general offer to the Company’s other Shareholders. However, individual members of the Concert Party will not be able to increase their percentage shareholding through or between a Rule 9 threshold, without the consent of the Panel.

 

Assuming the exercise in full of all options, warrants, convertible securities and other subscription rights held by members of the Concert Party, and assuming that no other holder of such rights exercises them, the maximum potential interest of the Concert Party is 2,344,196,270 Ordinary Shares, representing 74.51 per cent. of the Company's voting rights.

 

Total Voting Rights

Following Admission, the Company's enlarged share capital will comprise 2,960,292,340 Ordinary Shares.

 

Ahead of the Consolidation, the figure of 2,960,292,340 Ordinary Shares may be used by Shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or a change in their overall interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

Following the Consolidation, with effect from Wednesday, 14 October 2026, the figure of 296,029,234 Ordinary Shares may be used by Shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or a change in their overall interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

Words and expressions in this announcement shall have the same meaning as in the announcement and Circular dated 15 September 2026, unless otherwise stated.

 

ENDS

 

For further information, please contact:

 

Mollyroe plc

Darren Hopkins, Chief Executive Officer

+44 (0) 7595 641 591

mollyroeplc@gmail.com

 

Cairn Financial Advisers LLP – Aquis Corporate Adviser

Mark Anwyl

Ed Downes

+44 (0) 20 7213 0880

 

Fortified Securities – Lead Broker

Guy Wheatley

Guy.Wheatley@Fortifiedsecurities.com

 

Yellow Jersey PR

Charles Goodwin

Alex Crean

+44 (0) 20 3004 9512

mollyroe@yellowjerseypr.com

 

About Cascade

 

Cascade is an all-in-one production platform built to scale professional-grade productions. It takes projects from first idea to finished film, series or micro-drama - in one place, with one subscription. Write the script, develop storyboards, create the assets, generate video and audio, and polish the final edit without switching between apps or losing the thread of a project.

 

Built by a multi-award-winning team with deep roots in filmmaking, VFX and virtual production, Cascade connects every stage of the creative process through a single environment. Proprietary AI and asset-management technology keep characters, worlds and creative decisions consistent from scene to scene - delivering the control and quality of a professional production, without the cost or complexity.

 

One platform. Every stage. Total creative control.