Terra Capital PLC Results of Extraordinary General Meeting (1732U)
10 Julio 2018 - 5:08AM
UK Regulatory
TIDMTCA
RNS Number : 1732U
Terra Capital PLC
10 July 2018
Legal Entity Identifier: 2138006S6U2X7L4R8V74
10 July 2018
Terra Capital Plc ('Terra' or 'the Fund')
Result of EGM
Terra Capital plc (AIM:TCA) announces that at the Extraordinary
General Meeting ('EGM') held on 10 July 2018, the following
resolutions were duly passed with 79.9 percent. of the shares in
issue being voted in favour of both resolutions and none
against:
ORDINARY RESOLUTION
Resolution 1
THAT the investment policy of the Company be changed, such that
the Company cease all new investments and seek to realise, in an
orderly fashion, the Company's portfolio of investments and return
the net proceeds generated to Shareholders as soon as
practicable.
SPECIAL RESOLUTION
Resolution 2
The Company be re-registered under the Companies Act 2006 and
the Company adopt a new Memorandum and Articles of Association and
related matters.
The Fund will now attend to the formalities of the
re-registration of the Fund under the Companies Act 2006 in order
that it may proceed with a Compulsory Redemption of a proportion of
the Ordinary Shares in issue. A Redemption Announcement will be
made concerning this in the near future.
In implementing the New Investment Policy and the related
changes to the investment management arrangements as set out in the
Circular, for clarification, it should be noted that the fee
payable to the Investment Manager in respect of any Distributions
made to Shareholders will not be payable in respect of any
distributions in specie of assets.
Capitalised terms and expressions have the same meanings as
those attributed to them in the Company's circular to Shareholders
dated 15 June 2018 (the "Circular")
**ENDS**
For more information, please visit www.terracapitalplc.com or
contact:
Galileo Fund Services Limited (Administrator)
Frazer Pickering
+44 1624 692600
Panmure Gordon (UK) Limited (Nominated adviser and corporate
broker)
Paul Fincham or Jonathan Becher
+44 20 7886 2500
Terra Capital plc.
Ian Dungate, Director
+44 1624 692600
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END
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July 10, 2018 06:08 ET (10:08 GMT)
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