Ediston Property Inv Comp PLC Result of General Meeting (4099Z)
11 January 2024 - 10:34PM
UK Regulatory
TIDMEPIC
RNS Number : 4099Z
Ediston Property Inv Comp PLC
11 January 2024
Ediston Property Investment Company plc
LEI Number: 213800JRL87EGX9TUI28
11 January 2024
Result of General Meeting
Further to the circular (the "Circular") and notice of General
Meeting (the "Notice") to shareholders published on 20 December
2023 by Ediston Property Investment Company plc (the "Company"),
the board of directors of the Company announces that the special
resolution to place the Company into members' voluntary liquidation,
as set out in the Notice, was voted on by way of a poll and
approved by the Company's shareholders at the General Meeting
held earlier today. Accordingly, Derek Hyslop and Richard Barker
of Ernst & Young LLP have been appointed as joint liquidators
of the Company (the "Liquidators").
The votes received for and against the resolution and the number
of votes withheld were as follows:
Resolution Votes % (of Votes % (of Total % Votes
For (including votes Against votes votes Withheld
discretionary) cast cast excl. cast (excl.
excl. withheld) withheld)
withheld)
(issued
share
capital)
To approve
the
members'
voluntary
liquidation
of the
Company,
appoint the
Liquidators
and grant
the
Liquidators
certain
powers. 95,848,743 99.66 324,368 0.34 96,173,111 45.51 61,340
--------------- ---------- -------- ----------- ------------ ---------- ---------
The full text of the resolution can be found in the Notice contained
in the Circular. The Circular is available for viewing on the
National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
and on the Company's website at www.epic-reit.com .
Suspension and Cancellation of Shares
As set out in the Circular, the Company's Ordinary Shares were
suspended from listing on the Official List of the Financial
Conduct Authority and from trading on the main market of the
London Stock Exchange at 7.30 a.m. this morning, 11 January
2024, in anticipation of the General Meeting.
Applications have been made to the Financial Conduct Authority
and to the London Stock Exchange for the cancellation of the
listing and admission to trading of the Ordinary Shares, respectively,
with effect from 8.00 a.m. on 12 January 2024.
Initial Distribution
As set out in the Circular, the Liquidators expect to make an
initial distribution to shareholders within five Business Days
of the Company having entered into members' voluntary liquidation
(the "Initial Distribution").
It is expected that the Initial Distribution will be not less
than 69.0 pence per Ordinary Share and will comprise the vast
majority of the Company's assets.
Defined terms used in this announcement have the meanings given
to them in the Circular unless the context otherwise requires.
Enquiries:
Liquidators + 44 (0)131 777 2000
Derek Hyslop
Richard Barker
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END
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