Terra Capital PLC EGM Results (9766X)
February 28 2017 - 2:00AM
UK Regulatory
TIDMTCA
RNS Number : 9766X
Terra Capital PLC
28 February 2017
28(th) February 2017
TERRA CAPITAL PLC ("the Company")
EGM Results
Terra Capital plc (AIM:TCA) announces that at the Extraordinary
General Meeting ("EGM") held on 27(th) February at 1.00pm, the
following resolution was duly passed, with 56% of the shares in
issue being voted in favour of the resolution and none against:
ORDINARY RESOLUTION
Resolution 1
THAT the Company be authorised to make market purchases of
Ordinary Shares,provided that:
(i) the maximum number of Ordinary Shares authorised to be
purchased is
6,829,924 of the Ordinary Shares in issue at the time of the
passing of the
resolution;
(ii) the maximum price and the minimum price which may be paid
for any ordinary
share is US$0.98; and
(iii) the authority shall expire on the conclusion of the next
annual general meeting or
18 months after the passing of the resolution.
Following the passing of this resolution, the Tender Offer, as
set out in the circular dated 3 February 2017, will proceed in
accordance with the terms as set out in the circular.
For more information, please visit www.terracapitalplc.com or
contact:
Galileo Fund Services Limited (Administrator)
Frazer Pickering
+44 1624 692600
Panmure Gordon (UK) Limited (Nominated adviser and corporate
broker)
Paul Fincham or Jonathan Becher
+44 20 7886 2500
Terra Capital plc.
Ian Dungate, Director
+44 1624 692600
NOTES:
Terra Capital plc is an AIM quoted investment company focussed
on generating high absolute returns while attempting to keep
volatility to a minimum. The Fund predominantly invests in
under-researched and under-valued companies listed on Frontier
Market stock exchanges. The Fund Manager targets for investment
companies that it believes are trading for less than their
intrinsic worth and so, aside from any potential growth prospects,
provide scope for capital appreciation as a result of a reversion
towards their underlying value. Investments are also made in
companies which are viewed as trading at fair value but which offer
opportunities for growth at a reasonable price. The Investment
Manager believes many such 'value' opportunities can be found in
Frontier Markets due to inherent market inefficiencies in such
markets. The Manager utilises in-house teams of its own analysts,
resident on the ground in areas of interest to investigate suitable
opportunities rather than rely on third party research.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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