Worldsec Ld Result of EGM (8810M)
August 30 2013 - 7:55AM
UK Regulatory
TIDMWSL
RNS Number : 8810M
Worldsec Ld
30 August 2013
30 August 2013
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME
WOULD BE UNLAWFUL OR TO US PERSONS.
This Announcement is an advertisement. It is not a prospectus
and does not constitute or form part of, and should not be
construed as, any offer for sale or subscription of, or
solicitation of any offer to buy or subscribe for, any shares in
Worldsec Limited or securities in any other entity, in any
jurisdiction, including the United States, nor shall it, or any
part of it, or the fact of its distribution, form the basis of, or
be relied on in connection with, any contract or investment
decision whatsoever, in any jurisdiction. This Announcement does
not constitute a recommendation regarding any securities.
Any investment decision must be made exclusively on the basis of
the documents published by the Company for the purposes of the
Listing Rules comprising of, a Circular together with a Summary and
Securities Note and a Registration Document (together the
"Prospectus") in connection with the admission of new Ordinary
Shares of the Company to the premium segment of the Official List
of the UK Listing Authority and to trading on the London Stock
Exchange's main market for listed securities ("Admission"). Copies
of the Prospectus are available from the offices of TLT LLP, 20
Gresham Street, London EC2V 7JE.
Terms used in this announcement shall have the same meaning as
set out in the Prospectus.
Result of the Special General Meeting
Worldsec Limited (the "Company" or "Worldsec") is pleased to
announce that all of the resolutions (the "Resolutions") proposed
at today's Special General Meeting, relating to the Maximum
Subscription of First Placing Shares of 30,000,000 Ordinary Shares
at a price of US$0.10 per share and the Open Offer of 13,367,290
New Shares at a price of US$0.10 per share, were duly passed
without amendment. Resolutions 1, 2, 3, 4, 6, 7 and 8 were passed
by the required majority on a show of hands. Resolution 5, which
seeks the approval of the Shareholders in accordance with Chapter
11 of the Listing Rules to the related party transaction with Henry
Ying Chew Cheong, the Company's Deputy Chairman, being his possible
participation in the First Placing to a maximum of 6,242,925 First
Placing Shares in his personal capacity, was passed on a poll and
the votes cast are as follows: 3,043,632 votes in favour, nil votes
against and nil withheld.
Further details of the Resolutions are set out in the Notice of
Special General Meeting contained in the Circular dated 2 August
2013 sent to Shareholders, copies of which are available from the
offices of TLT LLP, 20 Gresham Street, London EC2V 7JE.
Details of the proxy votes received in advance of the Special
General Meeting in respect of the Resolutions are as follows:
Resolution For Against Withheld Total (excl. votes withheld)
--------------------------------------------- ---------------- ----------- --------- -----------------------------
Number % Number % Number Number
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
Ordinary Resolutions
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
1. Current authorised share capital 9,870,226 100 0 0 0 0
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
2. Increase of authorised share capital 9,870,226 100 0 0 0 0
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
3. Authority to allot and issue shares 9,870,226 100 0 0 0 0
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
4. Investment policy 9,870,226 100 0 0 0 0
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
5. Related party transaction - Placing of
Ordinary Shares pursuant to the First
Placing 3,043,632 100 0 0 0 0
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
6. Bonus scheme 9,870,226 100 0 0 0 0
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
Special Resolutions
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
7. Authority to allot and issue shares at
less than net asset value 9,870,226 100 0 0 0 0
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
8. Confirmation and acknowledgement 9,870,226 100 0 0 0 0
--------------------------------------------- ---------- ---- ------- --------- -----------------------------
Notes
1. Any proxy appointments which gave discretion to the Chairman
have been included in the "for" total.
2. A 'Vote Withheld' is not a vote in law and is not counted in
the calculation of the proportion of the votes 'For' and 'Against'
a resolution.
3. The issued share capital of the Company as at 30 August 2013
is 13,367,290 Ordinary Shares.
4. All percentages are shown to one decimal place.
In accordance with the Listing Rules, the Company has submitted
a copy of the Resolutions passed at the Special General Meeting to
the National Storage Mechanism and will shortly be available for
inspection at www.morningstar.co.uk/UK/nsm.
For further information, please contact:
Worldsec Limited
Henry Ying Chew Cheong, Deputy Chairman Hong Kong Tel: +852 2868 9217
Smith & Williamson Corporate Finance
Limited
Siobhan Sergeant, Martyn Fraser, Gareth UK Tel: +44 (0)207 131 4000
Hughes
This information is provided by RNS
The company news service from the London Stock Exchange
END
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