Literacy Capital PLC - Results of the Annual General Meeting
The information contained in this announcement is restricted and is not for publication, release or distribution in
Literacy Capital Plc
Results of the Annual General Meeting held on
Literacy Capital Plc (the "Company") is pleased to announce that all of the resolutions put forward at its Annual General Meeting held on
The full text of all the resolutions is contained in the notice of meeting in the Company's circular dated
As contemplated in the AGM Circular, the votes were conducted on a poll with the chair of the meeting casting their vote in accordance with the proxy votes held by them as set out below.
The votes received were as follows:
|
Resolution |
In Favour/Discretionary (note i) |
Against |
Withheld (note iii) |
Total votes received |
Percentage of issued share capital voted (%) (note iii) |
|||
|
Total votes |
Percentage |
Total votes |
Percentage |
|
|
|
||
|
Ordinary resolutions |
|
|
||||||
|
1. |
To approve the proposed variation to the Warrant Subscription Price as detailed in the Warrant Instrument Deed of Amendment. |
15,957,878 |
99.30% |
113,249 |
0.70% |
4,790 |
16,075,917 |
26.71% |
|
2. |
To capitalise from time to time a sum or sums not exceeding, at each relevant time, the aggregate amount then standing to the credit of the Company's reserves available for the purpose of making issues of unlisted redeemable fixed rate preference shares ("B Shares") of |
16,067,878 |
99.98% |
3,249 |
0.02% |
4,790 |
16,075,917 |
26.71% |
|
3. |
To authorise the Directors to allot B Shares under section 551 of the Companies Act 2006. |
16,067,878 |
99.98% |
3,249 |
0.02% |
4,790 |
16,075,917 |
26.71% |
|
4. |
To receive the reports of the Directors and the Auditors and the audited accounts for the year ended |
16,069,378 |
99.99% |
1,749 |
0.01% |
4,790 |
16,075,917 |
26.71% |
|
5. |
To approve the Director's Remuneration Policy in the audited accounts for the year ended |
16,065,204 |
99.99% |
2,023 |
0.01% |
8,690 |
16,075,917 |
26.70% |
|
6. |
To approve the Directors' Remuneration Report in the audited accounts for the year ended |
16,069,378 |
99.99% |
1,749 |
0.01% |
4,790 |
16,075,917 |
26.71% |
|
7. |
To re-elect |
14,639,131 |
95.99% |
611,996 |
4.01% |
824,790 |
16,075,917 |
25.34% |
|
8. |
To re-elect |
14,639,131 |
91.10% |
1,430,496 |
8.90% |
6,290 |
16,075,917 |
26.70% |
|
9. |
To re-elect |
16,067,631 |
99.99% |
1,996 |
0.01% |
6,290 |
16,075,917 |
26.70% |
|
10. |
To re-elect |
16,067,631 |
99.99% |
1,996 |
0.01% |
6,290 |
16,075,917 |
26.70% |
|
11. |
To elect |
16,067,631 |
99.99% |
1,996 |
0.01% |
6,290 |
16,075,917 |
26.70% |
|
12. |
To re-appoint Mazars LLP as Auditors of the Company. |
16,069,378 |
99.99% |
1,749 |
0.01% |
4,790 |
16,075,917 |
26.71% |
|
13. |
To authorise the Directors to determine the Auditors' remuneration. |
16,069,378 |
99.99% |
1,749 |
0.01% |
4,790 |
16,075,917 |
26.71% |
|
14. |
To approve the Company's dividend policy. |
16,071,554 |
99.99% |
1,749 |
0.01% |
2,614 |
16,075,917 |
26.71% |
|
15. |
To authorise the Directors to allot Ordinary Shares under section 551 of the Companies Act 2006 up to an aggregate nominal amount of |
16,067,878 |
99.98% |
3,249 |
0.02% |
4,790 |
16,075,917 |
26.71% |
|
16. |
To authorise the Directors to allot or to grant rights to subscribe for or to convert any securities into Ordinary Shares up to an aggregate nominal amount of |
15,567,878 |
96.87% |
503,249 |
3.13% |
4,790 |
16,075,917 |
26.71% |
|
|
Special resolutions |
|
|
|||||
|
17. |
To disapply statutory pre-emption rights under section 561 of the Companies Act 2006 up to an aggregate nominal value of |
16,065,860 |
99.97% |
5,267 |
0.03% |
4,790 |
16,075,917 |
26.71% |
|
18. |
To disapply statutory pre-emption rights under section 561 of the Companies Act 2006 up to an aggregate nominal value of |
15,567,878 |
96.87% |
503,249 |
3.13% |
4,790 |
16,075,917 |
26.71% |
|
19. |
To authorise the Company to make a market purchase of its own Ordinary Shares. |
16,071,018 |
99.99% |
1,749 |
0.01% |
3,150 |
16,075,917 |
26.71% |
|
20. |
To permit general meetings to be called on 14 days' notice. |
16,071,018 |
99.99% |
1,749 |
0.01% |
3,150 |
16,075,917 |
26.71% |
Notes:
|
(i) |
Votes 'For' include those votes giving the Chair discretion. |
|
(ii) |
The number of ordinary shares in issue on |
|
(iii) |
A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast. |
Full details of the resolutions are set out in the AGM Circular (which is available on the Company's website at www.literacycapital.com).
Resolutions 1 to 16 were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions. Resolutions 17 to 20 were special resolutions, requiring at least 75 per cent. of shareholders' votes to be cast in favour of the resolutions.
A copy of all the resolutions passed at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and is available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
For further information, please contact:
Literacy Capital plc / Book Asset Management LLP
+44 (0) 20 3960 0280
MHP Group
+44 (0) 7817 458 804
Deutsche Numis
+44 (0) 20 7260 1000
About Literacy Capital plc
Literacy Capital (BOOK.L) is a closed-end investment company that was co-founded by
It also has a unique charitable objective, to donate 0.5% of annual NAV to charities focused on improving
A copy of this announcement will be available on the Company's website at www.literacycapital.com.
This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.
LEI: 2549006P3DFN5HLFGR54
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Proactive Investors is a publisher of financial news and information. No content in this record, or published on the Proactive Investors website (the "Site"), constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. No content is tailored to any specific person's needs, objectives, or financial situation.
Proactive Investors is not a registered investment adviser or broker-dealer and does not provide personalized investment advice. Nothing in this record constitutes investment advice or a recommendation to buy, hold, or sell any security. None of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value, or suitability of any particular security, portfolio, transaction, or investment strategy. Any decision to buy, sell, or hold a security should be made only after consulting an appropriately qualified, licensed financial adviser and reading all relevant offering documentation.
This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell any product or security. Our content is independent financial journalism, produced in a neutral, objective style with full source attribution.
In accordance with the Federal Trade Commission's guidelines on material connections, Proactive Investors discloses the following: we may receive cash or, in some cases, equity compensation from companies whose news is distributed through our platform. This compensation is for news distribution and media services, not for editorial content or coverage decisions. Where Proactive Investors has a commercial relationship with a company covered in this record, that relationship is disclosed within the article. Any such relationship does not determine, influence, or shape the editorial content produced. Where we receive equity compensation, such securities are held independently by a third-party broker and sold at the broker's discretion.
The Site may contain opinions from time to time regarding securities mentioned in other products, including company-related products, and those opinions may differ from those obtained through another Proactive Investors product. Opinions and commentary reflect the views of the named author at the time of writing and are subject to change without notice.
Price and other data is supplied by sources believed to be reliable. Any calculations are made using such data. Neither the data nor the calculations are guaranteed by those sources, by Proactive Investors, by the information providers, or by any other person or entity, and may not be complete or accurate.
From time to time, reference may be made in our marketing materials to previously published articles or opinions. Such references may be selective, may reference only a portion of an article, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.
FOR OUR FULL DISCLAIMER CLICK HERE