Albion EnterpriseVCT Agm Statement
July 30 2019 - 10:54AM
UK Regulatory
TIDMAAEV
Albion Enterprise VCT PLC
LEI Code 213800OVSRDHRJBMO720
At an Annual General Meeting of Albion Enterprise VCT PLC, duly convened
and held at The Charterhouse, Charterhouse Square, London EC1M 6AN on 30
July 2019 the following resolutions were passed:
Ordinary resolutions numbers 1 to 8 were passed. The following items of
Special Business were passed of which resolution 9 was passed as an
ordinary resolution and 10 and 11 were passed as special resolutions.
Special Business
9. Authority to allot shares
That the Directors be generally and unconditionally authorised in
accordance with section 551 of the Companies Act 2006 (the "Act") to
allot Ordinary shares in the capital of the Company ("Ordinary shares")
up to an aggregate nominal amount of GBP143,552 (which comprises
approximately 20 per cent. of the Company's issued Ordinary shares as at
the date of this Notice) provided that this authority shall expire 15
months from the date that this resolution is passed, or, if earlier, at
the conclusion of
the next Annual General Meeting of the Company, but so that the Company
may, before such expiry, make an offer or agreement which would or might
require shares to be allotted or rights to subscribe for or convert
securities into shares to be granted after such expiry and the Directors
may allot shares or grant rights to subscribe for or convert securities
into shares pursuant to such an offer or agreement as if this authority
had not expired.
10. Authority for the disapplication of pre-emption rights
That the Directors be empowered, pursuant to section 570 of the Act, to
allot equity securities (within the meaning of section 560 of the Act)
for cash pursuant to the authority conferred by resolution number 9
and/or sell Ordinary shares held by the Company as treasury shares for
cash as if section 561(1) of the Act did not apply to any such allotment
or sale.
Under this power the Directors may impose any limits or restrictions and
make any arrangements which they deem necessary or expedient to deal
with any treasury shares, fractional entitlements, record dates, legal,
regulatory or practical problems in, or laws of, any territory or other
matter, arising under the laws of, or the requirements of any recognised
regulatory body or any stock exchange in, any territory or any other
matter.
This power shall expire 15 months from the date that this resolution is
passed or, if earlier, the conclusion of the next Annual General Meeting
of the Company, save that the Company may, before such expiry, make an
offer or agreement which would or might require equity securities to be
allotted after such expiry and the Directors may allot equity securities
in pursuance of any such offer or agreement as if this power had not
expired.
11. Authority to purchase own shares
That, the Company be generally and unconditionally authorised to make
market purchases (within the meaning of section 693(4) of the Act) of
Ordinary shares, on such terms as the Directors think fit, provided
always that:
(a) the maximum aggregate number of Ordinary shares hereby authorised to
be purchased is 10,759,231 or, if lower, such number of Ordinary shares
as shall equal 14.99 per cent. of the issued Ordinary share capital of
the Company at the date of the pasing of this resolution;
(b) the minimum price which may be paid for an Ordinary share shall be 1
penny (exclusive of expenses);
(c) the maximum price (exclusive of expenses) which may be paid for an
Ordinary share shall be an amount being not more than the higher of (i)
105 per cent. of the average of the middle market quotations (as derived
from the Daily Official List of the London Stock Exchange) for the
Ordinary shares for the five business days immediately preceding the
date of purchase and (ii) the higher of the price of the last
independent trade and the highest current independent bid relating to an
Ordinary share on the trading venue where the purchase is carried out;
and
(d) unless previously varied, revoked or renewed, the authority hereby
conferred shall expire 15 months from the date that this resolution is
passed or, if earlier, at the conclusion of the next Annual General
Meeting of the Company, save that the Company may, at any time prior to
such expiry, enter into a contract or contracts to purchase shares under
such authority which would or might be completed or executed wholly or
partly after the expiration of such authority and may make a purchase of
shares pursuant to any such contract or contracts as if the authority
conferred hereby had not expired.
30 July 2019
For further information please contact:
Albion Capital Group LLP
Company Secretary
Tel: 0207 601 1850
(END) Dow Jones Newswires
July 30, 2019 10:54 ET (14:54 GMT)
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