Better Capital PCC Limited Results of Extraordinary General Meetings (2389R)
08 December 2016 - 3:00AM
UK Regulatory
TIDMBCAP TIDMBC12
RNS Number : 2389R
Better Capital PCC Limited
07 December 2016
7 December 2016
Better Capital PCC Limited
(the "Company")
Results of Extraordinary General Meetings
The Company is pleased to announce that each resolution was duly
passed without amendment at the extraordinary general meeting of
the holders of the 2009 Shares, the extraordinary general meeting
of the holders of the 2012 Shares and the extraordinary general
meeting of all shareholders, each extraordinary general meeting
being held on 7 December 2016.
The proxy votes received by the Company prior to the
extraordinary general meetings were as follows:
Extraordinary General Meeting of the holders of the 2009
Shares
Resolution Votes for Votes against Votes
(including withheld*
discretionary)
------------------------- ------------------ ---------------- -----------
Number % Number %
------------------------- ------------ ---- ----------- --- -----------
1. Conversion of
each of the 2009
Shares into redeemable
shares 170,745,627 100 0 0 0
------------------------- ------------ ---- ----------- --- -----------
2. Adoption of Amended
and Restated Articles
of Incorporation 170,745,627 100 0 0 0
------------------------- ------------ ---- ----------- --- -----------
Extraordinary General Meeting of the holders of the 2012
Shares
Resolution Votes for Votes against Votes
(including withheld*
discretionary)
--------------------------- ------------------ ---------------- -----------
Number % Number %
--------------------------- ------------ ---- ----------- --- -----------
1. Authorisation
of the Buyback Proposal,
as defined in the
circular to shareholders
dated 25 November
2016 176,905,566 100 0 0 95,712,137
--------------------------- ------------ ---- ----------- --- -----------
Extraordinary General Meeting of all shareholders
Resolution Votes for Votes against** Votes
(including withheld*
discretionary)**
--------------------------- -------------------- ------------------ ------------
Number % Number %
--------------------------- -------------- ---- ------------- --- ------------
1. Conversion of
each of the 2009
Shares into redeemable
shares 454,753,863 100 0 0 0
--------------------------- -------------- ---- ------------- --- ------------
2. Authorisation
of the Buyback Proposal,
as defined in the
circular to shareholders
dated 25 November
2016 335,584,927 100 0 0 119,168,936
--------------------------- -------------- ---- ------------- --- ------------
3. Amendments to
the Memorandum of
Incorporation 454,753,863 100 0 0 0
--------------------------- -------------- ---- ------------- --- ------------
4. Adoption of Amended
and Restated Articles
of Incorporation 454,753,863 100 0 0 0
--------------------------- -------------- ---- ------------- --- ------------
* A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "for" or "against" the
relevant resolution. In accordance with the Listing Rules and, as
stated in the Circular dated 25 November 2016, Jon Moulton and
BECAP12 Fund LP have not voted on the resolution to approve the
Buyback Proposal (as defined in the Circular) and accordingly,
their votes are recorded as withheld.
** The number of proxy votes in relation to general meetings of
all shareholders of the Company has been calculated in accordance
with the Company's articles of incorporation. The Company's
articles of incorporation provide that at any general meeting of
all shareholders of the Company:
1. each holder of 2009 Shares who is present in person shall
have one vote and on a poll the vote shall be weighted where a vote
cast in relation to each 2009 Share shall count as 1.1096 towards
the total number of votes cast; and
2. each holder of 2012 Shares who is present in person shall
have one vote and on a poll the vote shall be weighted where a vote
cast in relation to each 2012 Share shall count as 0.9770 towards
the total number of votes cast.
The full text of all the resolutions can be found in the Notices
of Extraordinary General Meetings which is available for viewing at
the National Storage Mechanism
(http://www.morningstar.co.uk/uk/NSM) and from the Company's
website (http://www.bettercapital.gg).
Enquiries:
Better Capital PCC Limited
Laurence McNairn (Administrator +44 (0) 1481 716
and Company Secretary) 000
Powerscourt +44 (0) 20 7250
Justin Griffiths 1446
Numis Securities +44 (0) 20 7260
Nathan Brown 1426
This information is provided by RNS
The company news service from the London Stock Exchange
END
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