STV Strathdon Inv

    RNS Number : 6617G
  Strathdon Investments PLC
  24 October 2008
   
    STRATHDON INVESTMENTS PLC ("the Company")
    ANNUAL GENERAL MEETING
    HELD ON 24 OCTOBER 2008

    The directors are pleased to announce that at the Annual General Meeting of the Company held on 24 October 2008 all of the resolutions
proposed as Ordinary Business and all of the Special Resolutions (as set out below) proposed at the Meeting were duly passed.
    ORDINARY RESOLUTIONS
    (1)     To receive the Annual Report and accounts for the year ended 31 March 2008.
    (2)     To approve the Directors' Remuneration Report.
    (3)     To re-elect as a director Mr S. D. Hunt.
    (4)     That Ernst & Young LLP be re-appointed as independent auditors to the Company and that the directors be authorised to fix their
remuneration.
    SPECIAL RESOLUTIONS
    (5)     That the Directors be and they are hereby generally and unconditionally authorised pursuant to and in accordance with Section 80
of the Companies Act 1985 to exercise all the powers of the Company to allot relevant securities up to an aggregate nominal amount of
�863,617 (one-third of the total issued Ordinary share capital on 31 March 2008) provided that this authority shall expire on the earlier of
the date of the next Annual General Meeting of the Company or 15 months from the date of passing this resolution save that the Company may
before such expiry make offers, agreements or arrangements which would or might require relevant securities in pursuance of such offers,
agreements or arrangements as if the authority conferred hereby had not expired.
    (6)     That subject to the passing of Resolution 5 set out above, the Directors of the Company be and they are hereby empowered
pursuant to Section 95(1) of the Companies Act 1985 to allot equity securities wholly for cash, (i) in connection with a rights issues; and
(ii) otherwise than in connection with a rights issues, up to an aggregate nominal amount of �129,542 or 5% of the issued Ordinary share
capital, at a price of not less than the net asset vale per share, provided that this authority shall expire on the earlier date of the next
Annual General Meeting of the Company or 15 months form the date of passing this resolution save that the Company may before such expiry
make offers, agreements or arrangements which would or might require equity securities to be allotted after such expiry and so that the
Directors of the Company may allot equity securities in pursuance of such offers, agreements or arrangements as if the power conferred
hereby had not expired. 

    (7)     That in substitution for any existing authority but without prejudice to the exercise of any such power prior    to the date
hereof, the Company be generally and unconditionally authorised to make one or more market purchases (within the meaning of Section 163(3)
of the Companies Act 1985) of Ordinary Shares of 5p in the capital of the Company for cancellation or for placing into treasury, provided
that:

    a) the maximum aggregate number of Ordinary Shares authorised to be purchased is 7,767,376 being 14.99% of issued Ordinary Shares as at
31 March 2008;

    b) the minimum price which may be paid for an Ordinary Share is its nominal value;

    c) the maximum price which may be paid for an Ordinary Share is an amount equal to maximum amount permitted to be paid in accordance
with the rules of the UK Listing Authority in force as at the date of purchase;

    d) this authority hereby conferred shall expire at the conclusion of the Annual General Meeting of the Company held in 2009; and

    e) the Company may make a contract or contracts to purchase Ordinary Shares under this authority before the expiry of the authority
which will or may be executed wholly or partly after the expiry of the authority, and may make a purchase of Ordinary Shares in pursuance of
any such contract or contracts.

    The Company also announces that with effect from 31 October 2008 Mr. Malcolm Williams will resign as a director of the Company.   The
Board would like to thank Malcolm for his contribution to the Company throughout his time as a director.


    For further information, please contact:
    David Hall
    YFM Private Equity Limited    
    Tel:  0113 294 5000

    David Newton
    Seymour Pierce Limited
    Tel: 0207 107 8000



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