TIDMTIME 
 
RNS Number : 8757M 
Timestrip PLC 
01 June 2010 
 

1 June 2010 
                  Timestrip PLC ('Timestrip' or 'the Company') 
                           Results of General Meeting 
                         Members' Voluntary Liquidation 
 
General Meeting - Results 
The board of Timestrip plc announces the results of the General Meeting held at 
10:00 on 1 June 2010.  Full details of the resolutions are set out on page 16 of 
the circular issued by the Company dated 5 May 2010 ('the Circular'), which is 
available from the Company's website www.timestrip.com. 
Resolution 1, a resolution to approve the disposal of Timestrip UK Limited and 
Timestrip Technical Services Limited was passed by shareholders. 
Resolution 2, a resolution to approve an investment policy was not passed by 
shareholders, consequently, as Resolutions 3 and Resolution 4 were conditional 
on Resolution 2 being passed Resolution 3 and Resolution 4 were withdrawn and 
shareholders were then asked to consider the 'Alternative Resolutions' numbered 
5,6,7 and 8 relating to a members' voluntary liquidation of the Company.  The 
Alternative Resolutions were duly passed. 
The proxy results are set out in the table below:- 
+-----+------------------+------------+------------+------------+ 
|     | Resolution       | Votes      | Votes at   | Votes      | 
|     |                  | in         | discretion | against    | 
|     |                  | favour     | of         |            | 
|     |                  |            | Chairman   |            | 
+-----+------------------+------------+------------+------------+ 
| 1.  | Approval of the  | 94,771,283 | 572,261    | 372,694    | 
|     | disposal of      | (99.0%)    | (0.6%)     | (0.4%)     | 
|     | Timestrip UK     |            |            |            | 
|     | Limited and      |            |            |            | 
|     | Timestrip        |            |            |            | 
|     | Technical        |            |            |            | 
|     | Services Limited |            |            |            | 
+-----+------------------+------------+------------+------------+ 
| 2.  | Approval of      | 9,093,959  | 2,445,831  | 84,144,448 | 
|     | Investment       | (9.5%)     | (2.5%)     | (88.0%)    | 
|     | Policy           |            |            |            | 
+-----+------------------+------------+------------+------------+ 
| 3.  | Withdrawn        |            |            |            | 
+-----+------------------+------------+------------+------------+ 
| 4.  | Withdrawn        |            |            |            | 
+-----+------------------+------------+------------+------------+ 
| 5.  | Company be wound | 87,420,857 | 2,894,288  | 2,514,548  | 
|     | up voluntarily   | (94.2%)    | (3.1%)     | (2.7%)     | 
+-----+------------------+------------+------------+------------+ 
| 6.  | Brian Johnson    | 87,745,087 | 2,943,288  | 2,062,368  | 
|     | and David Birne  | (94.6%)    | (3.2%)     | (2.2%)     | 
|     | of Fisher        |            |            |            | 
|     | Partners be      |            |            |            | 
|     | appointed Joint  |            |            |            | 
|     | Liquidators of   |            |            |            | 
|     | the Company      |            |            |            | 
+-----+------------------+------------+------------+------------+ 
| 7.  | Fixing of        | 87,231,907 | 2,944,288  | 2,572,048  | 
|     | Liquidators'     | (94.1%)    | (3.1%)     | (2.8%)     | 
|     | remuneration     |            |            |            | 
+-----+------------------+------------+------------+------------+ 
| 8.  | Liquidators be   | 87,296,907 | 2,944,288  | 2,588,548  | 
|     | authorised to    | (94.0%)    | (3.2%)     | (2.8%)     | 
|     | distribute the   |            |            |            | 
|     | assets of        |            |            |            | 
|     | Company among    |            |            |            | 
|     | its members      |            |            |            | 
+-----+------------------+------------+------------+------------+ 
 
Members' Voluntary Liquidation 
Brian Johnson and David Birne of Fisher Partners, Acre House, 11-15 William 
Road, London NW1 3ER have been appointed Joint Liquidators of the Company for 
the purposes of the voluntary winding up.  Contact details of Fisher Partners 
are set out at the end of this notification. 
Board Changes 
Paul Freedman, Reuben Isbitsky and Graham Platts have each resigned as directors 
of the Company with immediate effect.  Jonathan Steinberg, Non-executive 
Director remains the sole director of the Company. 
Termination of Nominated Adviser and Broker Agreement 
The Company has terminated its Nominated Adviser and Broker agreement with Cairn 
Financial Advisers with immediate effect.  Consequently, pursuant to AIM Rule 1, 
in the absences of another Nominated Adviser being appointed by 1 July 2010 the 
admission of the Company's shares will be cancelled from AIM. 
 
The full text of the circular is available on the Company's website at 
www.timestrip.com 
 
 
 
                                   ** ENDS ** 
Brian Johnson, Joint Liquidator 
Fisher Partners 
Acre House 
11-15 William Road 
London Nw1 3ER 
Tel 020 7388 7000 
 
Jonathan Steinberg, Director 
Timestrip Plc 
Tel 01462 440 700 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ROMBSGDLRBGBGGB
Time Finance (LSE:TIME)
Historical Stock Chart
From Jul 2024 to Aug 2024 Click Here for more Time Finance Charts.
Time Finance (LSE:TIME)
Historical Stock Chart
From Aug 2023 to Aug 2024 Click Here for more Time Finance Charts.