Result of EGM
July 08 2009 - 6:00AM
UK Regulatory
TIDMCR3 TIDMCR. TIDMCR2
RNS Number : 3244V
Core VCT III PLC
08 July 2009
Core VCT III plc
EGM and Class Meetings Results
8 July 2009
The board ("Board") of Core VCT III plc ("the Company") announces that at the
Extraordinary General Meeting of the Company held on 7 July 2009, the
resolutions proposed in connection with the proposed merger with Core VCT I plc
("VCT I") and Core VCT II plc ("VCT II") (to be completed by way of schemes of
reconstruction of VCT I and VCT II pursuant to Section 110 of the Insolvency Act
1986 ("Schemes") as follows were duly passed.
Resolution 1 which was a composite resolution to: (i) approve the acquisition of
the assets and liabilities of Core VCT I plc and Core VCT II plc pursuant to the
Schemes; (ii) adjust holdings in existing B Shares issued in the Company subject
to the Schemes becoming effective; (iii) authorise the issue of the new shares
in connection with the Schemes; (iv) amend the Articles of Association and (v)
change the name of the Company to Core VCT plc;
Resolution 2 to renew share allotment and buy-back authorities; and
Resolution 3 to approve the cancellation of the share premium account
Details of the proxy votes in respect of the resolutions passed at the
Extraordinary General Meeting received are set out below:
+-----------------+-------------------+-------------------+-------------------+
| Votes | Resolution 1 | Resolution 2 | Resolution 3 |
+-----------------+-------------------+-------------------+-------------------+
| For | 3,094,231 | 1,747,548 | 1,752,698 |
| | (93.48%) | (92.38%) | (92.65%) |
+-----------------+-------------------+-------------------+-------------------+
| Against | 9,033 (0.27%) | 20,612 (1.09%) | 15,462 (0.82%) |
+-----------------+-------------------+-------------------+-------------------+
| Discretionary | 207,053 (6.25%) | 123,468 (6.53%) | 123,468 (6.53%) |
+-----------------+-------------------+-------------------+-------------------+
| Withheld | - | - | - |
+-----------------+-------------------+-------------------+-------------------+
The Board further announces that at a class meeting of the holders of Ordinary
Shares of the Company also held on 7 July 2009 a resolution approving resolution
1 at the Extraordinary General Meeting and the variation to class right
resulting therefrom was duly passed. Details of the proxy votes received in
respect of the resolution passed at the meeting of the holders of Ordinary
Shares are set out below:
+-----------------+-------------------+
| Votes | Resolution |
+-----------------+-------------------+
| For | 2,007,339 |
| | (93.98%) |
+-----------------+-------------------+
| Against | 10,312 (0.48%) |
+-----------------+-------------------+
| Discretionary | 118,318 (5.54%) |
+-----------------+-------------------+
| Withheld | - |
+-----------------+-------------------+
The Board further announces that at a class meeting of the holders of B Ordinary
Shares of the Company also held on 7 July 2009 a resolution approving resolution
1 at the Extraordinary General Meeting and the variation to class right
resulting therefrom was duly passed. Details of the proxy votes received in
respect of the resolution passed at the meeting of the holders of B Ordinary
Shares are set out below:
+-----------------+-------------------+
| Votes | Resolution |
+-----------------+-------------------+
| For | 1,264,707 |
| | (94.31%) |
+-----------------+-------------------+
| Against | 3,871 (0.29%) |
+-----------------+-------------------+
| Discretionary | 72,474 (5.40%) |
+-----------------+-------------------+
| Withheld | - |
+-----------------+-------------------+
A copy of the resolutions passed at the Extraordinary General Meeting, Ordinary
Share Class Meeting, and B Share Class Meeting will be submitted to the UK
Listing Authority and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Telephone: 020 7066 1000
For further enquiries please contact:
David Russell of Maven Capital Partners UK LLP
Company Secretary
Telephone: 0141 306 7555
This information is provided by RNS
The company news service from the London Stock Exchange
END
REGEANXPESPNEEE
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