Altus Resource Capital Limited Results of General Meeting (8439U)
December 05 2013 - 10:35AM
UK Regulatory
TIDMARCL
RNS Number : 8439U
Altus Resource Capital Limited
05 December 2013
ALTUS RESOURCE CAPITAL LIMITED (LSE:ARCL) (the "Company")
5 December 2013
RESULTS OF GENERAL MEETING
In accordance with the provisions of E.2.2 of The UK Corporate
Governance Code, the Company advises that for the General Meeting
held on 5 December 2013 valid proxy appointments were made in
respect of 23,206,411 voting shares and voting was as follows:
IT WAS RESOLVED to receive the Annual Report and Consolidated
Financial Statements for the period ended 30 June 2013.
(21,206,411 votes cast in favour, 2,000,000against and none
withheld.)
IT WAS RESOLVED to reappoint Deloitte LLP as Auditor to the
Company, to hold office from the conclusion of this meeting until
the conclusion of the next general meeting to be held in 2014 under
section 199 of The Companies (Guernsey) Law, 2008, as amended (the
"Law") and to authorise the Directors to determine their
remuneration.
(23,206,411 votes cast in favour, none against and none
withheld.)
IT WAS RESOLVED that the Company be authorised, in accordance
with Section 315(1)(a) of the Law, to make market purchases (within
the meaning of section 316 of the Law) of ordinary shares of no par
value each (the "Shares"), and to cancel such Shares or hold such
Shares as treasury shares, provided that:
i. The maximum number of Shares hereby authorised to be
purchased shall be 14.99% of the Shares in issue;
ii. Purchases by the Company will only be made in the market at
prices below the estimated prevailing NAV per Share where the
Directors believe such purchases will result in an increase in the
NAV per Share of the remaining Shares and as a means of addressing
any imbalance between the supply of, and demand for, such
Shares;
iii. The maximum which may be paid for a Share shall not be at a
price higher than 5% above the average mid-market values for the
Shares for the five Business Days before the purchase is made or
the higher of the last independent trade or the highest independent
bid for the shares
iv. The minimum price to be paid for a Share shall be 1 pence;
v. Unless previously varied, revoked or renewed, the authority
hereby conferred shall expire at the conclusion of the General
Meeting of the Company to be held in 2014, under section 199 of the
Law, save that the Company may, prior to such expiry, enter into a
contract to purchase Shares under such authority and make a
purchase of Shares pursuant to such contract.
(21,206,411 votes cast in favour, 2,000,000 votes against and
none withheld).
For further information contact:
Administrative Enquiries: Shareholder Enquiries:
JTC Fund Managers (Guernsey) Limited Nimrod Capital LLP
Tel: +44 (0) 1481 702 400 Tel: +44 (0) 20 3355 6855
info@nimrodcapital.com
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