Anglo African Ag PLC Result of General Meeting and Update
May 03 2019 - 8:28AM
UK Regulatory
TIDMAAAP
30 April 2019 For Immediate Release
Anglo African Agriculture plc
("AAA" or the "Company")
Result of General Meeting and update on discussions with the Comarco Group
At the Annual General Meeting of Anglo African Agriculture plc ("AAA" or the
"Company") held earlier today, 30 April 2019, all resolutions were passed.
These were as follows:
1. To receive the accounts for the period ended 31 October 2018, together with
the report of the directors and auditors.
2. To re-elect Andrew Monk as a director.
3. To reappoint Jeffreys Henry LLP as auditors of the Company
4. To authorise the directors to determine the auditors' remuneration.
5. To approve the directors' remuneration policy.
6. To approve the directors' remuneration report (excluding directors'
remuneration policy).
7. To authorise the directors to allot shares.
8. To dis-apply pre-emption rights.
The full text of the resolutions can be found in the Notice of Annual General
Meeting dated 5 April 2019 on the Company's website at www.aaaplc.com.
The Company has worked closely with the Comarco Group for over 6 months since
the Company advanced Comarco a loan of US$1 million. During this time, and as
announced by the Company on 30 August 2018, the Company has added significant
value to Comarco by advancing a restructuring and consolidation of the Comarco
Group's companies and operations.
There are currently advanced and constructive discussions with Comarco to
ensure that AAA benefits significantly from both work done and also the future
upside of the performance of the port and marine operations. AAA will continue
to focus on consulting and advising the Comarco port and marine operations to
create significant value for its shareholders.
For further information please contact:
Anglo African Agriculture plc
David Lenigas, Non-Executive Chairman +44 (0) 20 7440 0640
Rob Scott, Executive Director +27 (0) 84 600 6001
VSA Capital Limited (Financial Adviser and +44 (0) 20 3005 5000
Corporate Broker)
Andrew Raca
END
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