This announcement
contains inside information.
Strategic Equity
Capital plc
27 March 2017
Company update - requisition
The Board of Strategic Equity Capital plc (the “Company”)
notes the press comment over the weekend and confirms that the
Company has received a request to requisition a general meeting of
the Company from two of its shareholders, Ian Armitage and Growth Financial Services
Limited, a subsidiary of Harwood Capital Management
(“Harwood”), representing 5.02 per cent. of the Company’s
issued share capital (the “Requisition”).
The proposed resolution Mr Armitage and Harwood wish to put to a
general meeting purports to require the Company to use all of its
general buyback authority taken at the Company’s last annual
general meeting on 9 November 2016,
to make market purchases of its ordinary shares at not wider than a
5 per cent. discount to the prevailing net asset value.
The Company’s advisors are seeking clarification on the
Requisition to enable it to be considered further by the
Board. A further announcement will be made in due course.
Enquiries:
Richard
Hills
(Chairman)
0131 538 1400
PATAC Limited
(Secretary)
0131 538 1400
Canaccord Genuity
Limited
020 7523 8000
Andrew Zychowski
Lucy Lewis
Buchanan
020 7466 5000
Richard Darby
Charles Ryland