REG - Caledonian Holdings - Result of GM and update re. proposed fundraising

Caledonian HoldingsAnnouncement

12/09/2025 13:45

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RNS Number : 1929Z  Caledonian Holdings PLC  12 September 2025

12 September 2025

Caledonian Holdings plc

("Caledonian" or "the Company")

 

Result of General Meeting

Update on Proposed Fundraising and investment in AlbaCo

 

The Board of Caledonian Holdings plc (AIM:CHP), an AIM-quoted investing
company focused on the financial services market, announces that at the
Company's general meeting held earlier today, all resolutions were duly
passed.

Further to the Company's announcement of 28 August 2025, the Company is making
good progress regarding its Proposed Fundraising to enable a follow on
investment in AlbaCo and will provide a further update next week.  In order
to participate in AlbaCo's fundraising, Caledonian anticipates needing to make
its investment commitment in the final week of September 2025.

Whilst the Company's Proposed Fundraising is ongoing, the Board of AlbaCo has
made an application to the Prudential Regulatory Authority (the "PRA"), in
conjunction with the Financial Conduct Authority (the "FCA"), for Caledonian
to get preliminary approval to be a controller of AlbaCo in the event that the
Company is a 10% or more shareholder of AlbaCo.

Jim McColl, Executive Director of Caledonian, commented:

"We are pleased to have the resolutions passed today which give us the
authorities to proceed with our proposed fundraising to enable us to increase
our exposure in AlbaCo and we look forward to updating shareholders further
next week in this regard. In addition to the proposed fundraising, the Company
is, following discussions with certain existing AlbaCo shareholders,
progressing other ways to potentially increase its exposure in AlbaCo.

We remain excited by the prospects of our investment in AlbaCo following the
recent regulatory authorisation from the PRA and FCA to become a licensed UK
bank, subject to completion of its capital requirements. We are also
progressing our wider strategy to invest in complementary fintech services
businesses for SMEs alongside our existing cornerstone investment in AlbaCo."

The proxy voting results of the resolutions are set out below:

 Resolutions at the General Meeting                                            Votes For*      % of votes cast**  Votes Against  % of votes cast**  Votes Withheld***  Total votes cast****
 ORDINARY RESOLUTIONS
 1. To approve the general authority to allot Equity Securities in respect of  10,811,304,028  97.80%             243,509,638    2.20%              54,105,210         11,054,813,666
 the Proposed Fundraising

 SPECIAL RESOLUTIONS
 2. To approve the disapplication of pre-emption rights in respect of the      10,783,894,835  97.55%             270,418,831    2.45%              54,605,210         11,054,313,666
 allotment for of Equity Securities in respect of the Proposed Fundraising

 

Notes:

*"Votes For" include votes giving the Chairman discretion.

**Percentages exclude "Votes Withheld".

***"Votes Withheld" are not votes in law and do not count in the number of
votes counted for or against a resolution.

****"Total votes cast" do not include withheld votes.

 

Capitalised terms used in this announcement shall have the same meaning as in
the announcement of 28 August 2025 unless otherwise defined herein.

For further information, please contact:

 Caledonian Holdings plc                       Tel: +44 (0) 7950 389469

 Jim McColl, Executive Director

 Brent Fitzpatrick, Non-Executive Chairman

 Allenby Capital Limited (Nominated Adviser)   Tel: +44 (0) 20 3328 5656
 Nick Athanas / Piers Shimwell

 Peterhouse Capital Limited (Broker)           Tel: +44 (0) 20 7469 0930

 

 

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