TIDMGRP
RNS Number : 6134Q
Greencoat Renewables PLC
28 October 2021
Greencoat Renewables PLC EGM Result
Dublin, London, 28 October 2021: Greencoat Renewables PLC
("Greencoat Renewables" or the "Company") the renewable
infrastructure company invested in euro-dominated assets, is
pleased to announce that at the Company's EGM held at 10.00 am
today, 28 October 2021, the Resolutions were duly passed without
amendment.
Application has been made to Euronext Dublin and the London
Stock Exchange for 148,648,649 Placing Shares to be admitted to
trading on Euronext Growth and AIM, respectively. Admission of the
Placing Shares will become effective, and dealings will commence in
the Placing Shares at 8.00 a.m. on 29 October 2021. The enlarged
issued share capital of the Company on Admission will be
889,887,587 Ordinary Shares.
The resolution as set out in the Notice of EGM were voted on by
way of a poll and the results were as follows:
In Favour
(including discretionary) Against Withheld*
Resolution Votes % Votes % Votes
1 361,810,151 99.99 2,500 0.01 0
Resolution
2 355,624,514 98.29 6,188,137 1.71 0
*A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "in favour" or "against"
the Resolution.
The full wording of the resolutions can be found below:-
SPECIAL BUSINESS
To consider and, if thought fit, to pass the following
resolution as an ordinary resolution:
1. THAT, in addition to the general authority granted at the
annual general meeting of the Company held on 29 April 2021, the
Directors be and are hereby generally and unconditionally
authorised, pursuant to Section 1021 of the Companies Act 2014, to
exercise all of the powers of the Company to allot relevant
securities (within the meaning of the said Section 1021) up to an
aggregate nominal amount equal to EUR4,000,000.00. The authority
hereby conferred shall expire at close of business on the date
preceding the date which is 12 calendar months after the date of
passing of this Resolution, unless previously renewed, varied or
revoked; provided that the Company may make an offer or agreement
before the expiry of the authority conferred by this Resolution
which would or might require relevant securities to be allotted
after such authority has expired, and the Directors may allot
relevant securities in pursuance of such an offer or agreement as
if the power conferred by this resolution had not expired.
To consider and, if thought fit, pass the following resolution
as a special resolution:
2. THAT, in addition to the power granted at the annual general
meeting of the Company held on 29 April 2021, subject to the
passing of Resolution 1 above, the Directors be and are hereby
empowered, pursuant to Sections 1022 and 1023(3) of the Companies
Act 2014, to allot equity securities (within the meaning of the
said Section 1023(1)) for cash pursuant to the authority to allot
relevant securities conferred on the Directors by Resolution 1 of
this Notice of EGM as if Section 1022(1) did not apply to any such
allotment, provided that such power shall:
a) be limited to the allotment of Ordinary Shares up to a
nominal aggregate amount equal to EUR4,000,000.00; and
b) expire at close of business on the date preceding the date
which is 12 calendar months after the date of passing of this
Resolution, unless previously varied, revoked or renewed, and
provided further 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 such offer or agreement as if the power
conferred hereby had not expired.
The full text of the Resolutions and a summary of proxy votes
received will shortly be available on the Company's website and
will also be submitted to the National Storage Mechanism for
inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Capitalised terms not defined in this Announcement shall have
the meaning given to them in the circular which was sent to
Shareholders on 4 October 2021 (the "Circular").
--- ENDS ---
For further information on the Announcement, please contact:
Greencoat Renewables PLC: +44 20 7832 9400
Bertrand Gautier
Paul O'Donnell
Tom Rayner
Davy (Joint Broker, Nomad and
Euronext Growth Adviser) +353 1 6796363
Ronan Veale
Barry Murphy
RBC (Joint Broker) +44 20 7653 4000
Matthew Coakes
Duncan Smith
Elizabeth Evans
FTI Consulting (Media Enquiries) +353 1 765 0886
Jonathan Neilan
Melanie Farrell
About Greencoat Renewables PLC
Greencoat Renewables PLC is an investor in euro-denominated
renewable energy infrastructure assets. Initially focused solely on
the acquisition and management of operating wind farms in Ireland,
the Company is now also investing in wind and solar assets in
certain other European countries with stable and robust renewable
energy frameworks. It is managed by Greencoat Capital LLP, an
experienced investment manager in the listed renewable energy
infrastructure sector.
For more information about Greencoat Renewables PLC, please
visit http://www.greencoat-renewables.com/
For more information about Greencoat Capital LLP, please visit
http://www.greencoat-capital.com
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END
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