Terra Capital PLC Result of EGM (3201H)
March 12 2018 - 3:00AM
UK Regulatory
TIDMTCA
RNS Number : 3201H
Terra Capital PLC
12 March 2018
Legal Entity Identifier: 2138006S6U2X7L4R8V74
12 March 2018
Terra Capital Plc ('Terra' or 'the Fund')
Result of EGM
Terra Capital plc (AIM:TCA) announces that at the Extra Ordinary
General Meeting ('EGM') held on 09 March 2018, the following
resolution was duly passed with 72.6% of the shares in issue being
voted in favour of the resolution and none against:
ORDINARY RESOLUTIONS
Resolution 1
The Company was authorised to make market purchases of its own
shares as follows:
i) the maximum number of shares authorised to be purchased is
6,146,931 of the Ordinary Shares in issue at the time of the
passing of this resolution;
ii) the maximum price and minimum price which may be paid for
any Ordinary Share is US$ 1.11;and
iii) this 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 15 February 2018, will proceed in
accordance with the terms as set out in the circular.
**ENDS**
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 ensuring volatility is
kept to a minimum. The fund predominantly invests in
under-researched and under-valued companies. The Fund Manager
targets companies that are trading at 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
underlying value. Investments are also made in companies which are
viewed as fair value but offer opportunities for growth at a
reasonable price. Due to inherent market inefficiencies, the
Investment Manager believes many such 'value' opportunities can be
found in Frontier Markets and utilises in-house teams of analysts
on the ground in areas of interest to investigate suitable
opportunities rather than rely on third party research.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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