CIP Merchant Capital Ltd Result of AGM (4564L)
10 Septiembre 2021 - 10:00AM
UK Regulatory
TIDMCIP
RNS Number : 4564L
CIP Merchant Capital Ltd
10 September 2021
10 September 2021
CIP MERCHANT CAPITAL LIMITED
("CIP Merchant Capital" or the "Company")
Result of AGM
CIP Merchant Capital announces the results of its Annual General
Meeting ("AGM") held at 11.00 a.m. today. Resolutions 1 to 7, and
10, were duly passed by way of a poll.
As per the announcement on 2 September 2021, Resolutions 8 and 9
did not form part of the business of the AGM. As a result of this,
any votes received on Resolutions 8 and 9 were disregarded. The
Company confirms that Messrs Fumagalli and Sgarbi have therefore
retired from the Board of Directors of the Company with effect from
today's date.
As Resolution 11 was not passed, the Company will not be able to
buy back any of its own ordinary shares in the market until such a
resolution is passed at a future general meeting of the Company.
Whilst the Board had no present intention to exercise such general
authority to buy back shares had it been approved, the Board
believes it would have provided them with greater flexibility when
considering how best to address any imbalance between the supply of
and demand for its ordinary shares. Accordingly, the Board will
engage with the relevant shareholders in regard to Resolution
11.
The results of the AGM are as follows:
ORDINARY TOTAL % OF ISSUED VOTES WITHHELD*
RESOLUTIONS FOR AGAINST VOTES SHARE CAPITALVOTED
Votes % Votes %
----------- ------ ----------- ------
1. To receive
Company's
Annual Report
and Audited
Financial
Statements
for the period
ended 31
December
2020. 23,075,357 99.94 15,000 0.06 23,090,357 41.98 9,803
----------- ------ ----------- ------ ----------- -------------------- ----------------
2. To re-appoint
BDO Limited
as auditor
to the Company. 23,075,357 99.94 15,000 0.06 23,090,357 41.98 9,803
----------- ------ ----------- ------ ----------- -------------------- ----------------
3. To authorise
the Directors
of the Company
to determine
the remuneration
of the auditor. 23,075,357 99.94 15,000 0.06 23,090,357 41.98 9,803
----------- ------ ----------- ------ ----------- -------------------- ----------------
4. To authorise
the Directors
of the Company
to determine
the renumeration
of the Directors. 22,971,357 99.55 104,000 0.45 23,075,357 41.96 24,803
----------- ------ ----------- ------ ----------- -------------------- ----------------
5. To re-elect
Mr Adrian
Collins as
a Director
of the Company. 22,990,357 99.63 85,000 0.37 23,075,357 41.96 24,803
----------- ------ ----------- ------ ----------- -------------------- ----------------
6. To re-elect
Mr Robert
King as a
Director
of the Company. 22,989,357 99.63 85,000 0.37 23,074,357 41.95 25,803
----------- ------ ----------- ------ ----------- -------------------- ----------------
7. To re-elect
Mr John Falla
as a Director
of the Company. 22,989,357 99.63 85,000 0.37 23,074,357 41.95 25,803
----------- ------ ----------- ------ ----------- -------------------- ----------------
8. Void N/A
---------------------------------------------------------------------------------------------
9. Void N/A
---------------------------------------------------------------------------------------------
10. To elect
Mr Piero
Sansalone
as a Director
of the Company. 18,527,830 80.29 4,547,527 19.71 23,075,357 41.96 24,803
----------- ------ ----------- ------ ----------- -------------------- ----------------
11. To authorise
the Company
to make market
acquisitions
of its own
Shares. 7,839,843 33.94 15,259,317 66.06 23,099,160 42.00 1,000
----------- ------ ----------- ------ ----------- -------------------- ----------------
*A 'vote withheld' is not a vote in law and is not counted
towards the proportion of votes 'for' and 'against' a
resolution.
As at the date of the AGM, the number of ordinary shares in
issue, and therefore the total number of voting rights was
55,000,000.
For further information:
CIP Merchant Capital
Independent Non-Executive Directors and Company
Secretary c/o Maitland Administration (Guernsey) + 44 1481 749
Limited 360
Merchant Capital Manager Limited (Investment Manager)
Wikus Van Schalkwyk +44 20 7409 3494
Strand Hanson Limited (Nominated Adviser and Broker)
James Bellman / Matthew Chandler / Ritchie Balmer +44 20 7409 3494
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END
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