Tangent Communications PLC Result of AGM (9376I)

TIDMTNG

RNS Number : 9376I

Tangent Communications PLC

09 July 2013

Tangent Communications plc ("Tangent" or the "Company")

Result of AGM

Tangent is pleased to announce that all of the resolutions proposed at the Annual General Meeting, held at 10:00 a.m. today were duly passed.

Each of the resolutions was passed by the required majority. The table below sets out the votes cast by proxy in respect of each resolution.

 
    Resolutions                                               Shares         Shares      Shares 
                                                                 For        Against    Withheld 
---------------------------------------------------  ---------------  -------------  ---------- 
  1. To receive the Company's annual accounts 
   and the Directors' and Auditors' reports              107,059,468              0           0 
---------------------------------------------------  ---------------  -------------  ---------- 
  2. To declare a final dividend of 0.2p 
   per ordinary share                                    107,059,468              0           0 
---------------------------------------------------  ---------------  -------------  ---------- 
  3. The reappointment of UHY Hacker Young 
   LLP as the Company's auditors                         107,059,468              0           0 
---------------------------------------------------  ---------------  -------------  ---------- 
  4. To re-elect Timothy Green as a Director             107,059,468              0           0 
---------------------------------------------------  ---------------  -------------  ---------- 
  5. To elect David Steyn as a Director                  107,059,468              0           0 
---------------------------------------------------  ---------------  -------------  ---------- 
  6. To authorise the Directors to allot 
   shares or grant subscription or conversion 
   rights under section 551 Companies Act 
   2006                                                  107,049,468         10,000           0 
---------------------------------------------------  ---------------  -------------  ---------- 
  7. To disapply statutory pre-emption 
   rights under section 570 Companies Act 
   2006                                                  101,849,092      5,210,376           0 
---------------------------------------------------  ---------------  -------------  ---------- 
  8. To authorise the Company to make market 
   purchase of its own ordinary shares                   107,049,468         10,000           0 
---------------------------------------------------  ---------------  -------------  ---------- 
  9. To authorise the waiver by the Panel 
   on Takeovers and Mergers of any obligation 
   which would otherwise be imposed upon 
   the Concert Party (as defined in the 
   Circular), either individually or collectively, 
   under Rule 9 of the City Code on Takeovers 
   and Mergers, as a result of exercise 
   of the authority in resolution 8                       99,038,355         10,000       1,914 
---------------------------------------------------  ---------------  -------------  ----------

In order to comply with the City Code on Takeovers and Mergers, Resolution 9, concerning the waiver of obligations under Rule 9 of the City Code (the "Waiver Resolution"), was passed by means of a poll of Independent Shareholders. The Concert Party did not vote on the Waiver Resolution.

As disclosed in the Circular published on 14 June 2013, if: (i) the Buyback Authority is exercised in full but there is no exercise of any options under the Share Option Schemes, the Company's share capital would decrease to 250,931,683 Shares and the percentage of Shares held by the Concert Party would therefore increase to 36.33 per cent., a holding of 91,167,389 Shares; and (ii) the Buyback Authority is exercised in full and no options are exercised under the Share Option Schemes other than the Concert Party Options, the Company's share capital would decrease to 272,931,683 Shares and the percentage of Shares held by the Concert Party would therefore increase to 41.46 per cent., a holding of 113,167,389 Shares.

Unless otherwise stated, all defined terms in this announcement shall have the same meaning as in the Circular published on 14 June 2013.

For further information, please contact:

Tangent Communications plc

Timothy Green - Chief Executive: 020 7462 6101

Seema Paterson - Corporate Development: 020 7462 6101

Canaccord Genuity Limited - Nominated adviser and broker

Bruce Garrow / Emma Gabriel: 020 7523 8350

This information is provided by RNS

The company news service from the London Stock Exchange

END

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