Distribution Finance Cap. Hldgs PLC GM Statement (3630Y)
September 08 2020 - 6:17AM
UK Regulatory
TIDMDFCH
RNS Number : 3630Y
Distribution Finance Cap. Hldgs PLC
08 September 2020
8 September 2020
For Immediate Release
DISTRIBUTION FINANCE CAPITAL HOLDINGS PLC (the "Company")
RESULTS OF GENERAL MEETING
Introduction
Further to the announcement on 21 August 2020, the Company is
pleased to announce that at its General Meeting held earlier today,
all resolutions were duly passed.
Accordingly, the Company has today:
-- authorised the issue and allotment of 4,906,776 Subscription
Shares (being equal to the number of Buy-back Shares) at 1 pence
per Subscription Share, the proceeds of which will enable the
Company to fund the Buy-backs out of a fresh issue of shares;
-- approved the terms of the EBT Buy-back Agreement and the Watrium Buy-back Agreement; and
-- authorised the allotment of the Subscription Shares on a non pre-emptive basis.
Admission to Trading on AIM and Completion of the Buy-backs and
Subscription
As set out in the announcement on 21 August 2020, application
for admission to trading of the Subscription Shares has been made
and it is anticipated that Admission will take place at 8.00 a.m.
on 9 September 2020. The Buy-backs and the Subscription will both
complete on Admission, whereupon the Ordinary Shares transferred to
the Company pursuant to the Buy-backs will be immediately
cancelled, and therefore the issued share capital of the Company
will be the same before and after Admission.
Terms used in this announcement shall have the same meanings as
those defined in the announcement on 21 August 2020.
[1] As set out in the Circular, the EBT did not vote its shares
which are the subject of the EBT Buy-back on resolution 2 and
Watrium did not vote its shares which are the subject of the
Watrium Buy-back on resolution 3.
The full details of the votes cast are as follows:
Votes Cast % of Votes Cast
No. Resolution For Against For Against
------------------------- ------------------------ --------------------- ------------------ ---------------------
Ordinary Resolution
To
authorise
the
directors
to allot
Ordinary
Shares
under
section 551
1 of Act 88,646,742 0 100% 0%
------------------------- ------------------------ --------------------- ------------------ ---------------------
Special Resolutions
To
authorise
the Company
to make an
off market
purchase
of its own
Ordinary
Shares
from the
2 EBT 88,646,742 0 100% 0%
------------------------- ------------------------ --------------------- ------------------ ---------------------
3 To 88,646,742 0 100% 0%
authorise
the Company
to make an
off market
purchase
of its own
Ordinary
Shares
from
Watrium
------------------------- ------------------------ --------------------- ------------------ ---------------------
4 To disapply 88,646,742 0 100% 0%
statutory
pre-emption
rights
under
section 570
of the Act
------------------------- ------------------------ --------------------- ------------------ ---------------------
Enquiries:
Distribution Finance Capital Holdings plc
Sarah Clark - Company Secretary +44 (0) 7715 317017
http://www.dfcapital-investors.com
Macquarie Capital (Europe) Limited (NOMAD
and broker)
Alex Reynolds +44 (0) 20 3037 2000
Jonny Allison
Blue Pool Communications (Financial PR)
+44 (0) 7501 271
Nick Lord 083
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END
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