30 April 2019 |
For Immediate
Release |
Anglo African
Agriculture plc
(“AAA” or the
“Company”)
Result of General
Meeting and update on discussions with the Comarco Group
At the Annual General Meeting of Anglo African Agriculture plc
("AAA" or the "Company") held earlier today, 30 April 2019, all resolutions were passed.
These were as follows:
-
To receive the accounts for the period ended 31 October 2018, together with the report of the
directors and auditors.
-
To re-elect Andrew Monk as a
director.
-
To reappoint Jeffreys Henry LLP as auditors of the Company
-
To authorise the directors to determine the auditors’
remuneration.
-
To approve the directors’ remuneration policy.
-
To approve the directors’ remuneration report (excluding
directors’ remuneration policy).
-
To authorise the directors to allot shares.
-
To dis-apply pre-emption rights.
The full text of the resolutions can be found in the Notice of
Annual General Meeting dated 5 April
2019 on the Company’s website at www.aaaplc.com.
The Company has worked closely with the Comarco Group for over 6
months since the Company advanced Comarco a loan of US$1 million. During this time, and as announced
by the Company on 30 August 2018, the
Company has added significant value to Comarco by advancing a
restructuring and consolidation of the Comarco Group’s companies
and operations.
There are currently advanced and constructive discussions with
Comarco to ensure that AAA benefits significantly from both work
done and also the future upside of the performance of the port and
marine operations. AAA will continue to focus on consulting and
advising the Comarco port and marine operations to create
significant value for its shareholders.
For further information please
contact:
Anglo African Agriculture
plc |
|
David Lenigas, Non-Executive
Chairman |
+44 (0) 20 7440
0640 |
Rob Scott, Executive Director |
+27 (0) 84 600 6001 |
|
|
|
|
VSA Capital Limited
(Financial Adviser and Corporate Broker) |
+44 (0) 20 3005 5000 |
Andrew Raca |
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