TIDMELTA
RNS Number : 0762X
Electra Private Equity PLC
30 December 2021
Electra Private Equity PLC
Results of General Meeting
30 December 2021
The Board of Electra Private Equity PLC (the " Company ") is
pleased to announce that at its general meeting held today (the "
General Meeting ") the resolutions relating to:
1. the cancellation of the listing of the Electra Shares on the
Official list, removal of the Electra Shares from trading on the
Main Market and admission of the Electra Shares to trading on AIM
(the "Delisting and Admission Resolution" );
2. approval of the settlement of Ian Watson's entitlement under
the Hotter MIP by issuing new Electra Shares to him, as set out in
section 4 of Part II of the Circular dated 9 December 2021 which
was sent to shareholders (the "Ian Watson MIP Settlement
Resolution" );
3. adoption of the Unbound LTIP, the proposed principal terms of
which are set out in section 4 of Part V of the Circular, with
effect from Admission (the "LTIP Resolution" ); and
4. the approval of the adoption of the New Articles of the
Company with effect from Admission, so that the Company has
articles of association that are suitable for a company admitted to
AIM (the "New Articles Resolution" )
were all passed, resolutions 1 and 4 as special resolutions and
resolutions 2 and 3 as ordinary resolutions.
The Delisting and Admission Resolution, the Ian Watson MIP
Settlement Resolution, the LTIP Resolution and the New Articles
Resolution were voted on by way of a poll and the results are set
out below. As all of the resolutions have been duly passed by the
requisite majority, the Delisting and Admission Resolution, the Ian
Watson MIP Settlement Resolution, the LTIP Resolution and the New
Articles Resolution are all carried.
Result of poll
Resolution Votes %(2) Votes % Votes Proportion Votes
For(1) Against total of the issued withheld(4)
share capital
of the Company
represented
by all votes
(%)(3)
Delisting
and Admission
Resolution 22,691,416 99.92% 17,069 0.08% 22,708,485 58.27 885
----------- ------- ------- ---------------- -------------
Ian Watson
MIP Settlement
Resolution, 22,225,755 99.91% 20,493 0.09% 22,246,248 57.08 463,122
----------- ------- ------- ---------------- -------------
LTIP Resolution 22,225,374 99.88% 27,393 0.12% 22,252,767 57.10 456,603
----------- ------- ------- ---------------- -------------
New Articles
Resolution 19,306,469 85.03% 3,399,950 14.97% 22,706,419 58.26 2,951
----------- ------- ------- ---------------- -------------
1. Any proxy votes which were at the discretion of the chairman
of the General Meeting have been included in the "For" total.
2. Percentages are expressed as a proportion of the total votes cast.
3. As at the time of the meeting, there were 38,973,329 Electra
Shares in issue and this figure has been used to calculate the
percentage of the issued share capital of the Company represented
by all votes. The Company held no shares in treasury.
4. A vote withheld is not a vote in law and is not counted
towards the votes "For" or "Against" the Resolutions, nor in the
calculation of the total votes cast.
Following the passing of the Resolutions, the Company expects to
make the requisite applications in respect of the Delisting and the
AIM Admission. The Delisting is expected to become effective at
8.00 a.m. on 31 January 2022 and the AIM Admission is expected to
become effective at 8.00 a.m. on the same date, 31 January
2022.
Unless otherwise defined herein, capitalised terms in this
announcement have the same meaning as in the shareholder circular
published on 9 December 2021 available on the Company's website at
www.electraequity.com .
The results of the General Meeting (including this information)
will shortly be available on the Company's website at
www.electraequity.com .
A copy of the Resolutions will shortly be submitted to the
Financial Conduct Authority's Electronic Submission Service and can
then be viewed on the National Storage Mechanism (NSM) at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
-ENDS-
For further information please visit www.electraequity.com or
contact:
Gavin Manson
Chief Financial and Operating Officer
Electra Private Equity PLC
17 Old Park Lane
London W1K 1QT
Tel: 44 (20) 3874 8300
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END
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