REG - Caledonian Trust PLC - Result of General Meeting

Caledonian TrustAnnouncement

18/11/2024 14:30

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RNS Number : 6630M  Caledonian Trust PLC  18 November 2024

 

18 November 2024

Caledonian Trust plc

("Caledonian Trust", the "Company" or the "Group")

Result of General Meeting, Cancellation and Re-registration

Further to the announcement on 25 October 2024, Caledonian Trust plc, the
Edinburgh-based property investment holding and development company, announces
that the resolutions, as set out in the notice of General Meeting published on
25 October 2024 (the "Notice"), put to shareholders at the Company's General
Meeting today, were duly passed.

 

The number of votes cast for and against each of the Resolutions proposed, and
the number of votes withheld were as follows:

 

 

 Resolution                                                                     Votes For*  %      Votes Against  %     Total no. votes cast  Votes Withheld(***)  % of ISC(**)
 1                                                                              9,009,759   98.66  122,091        1.34  9,131,850             1,302                77.50

 Cancellation of the admission of the Company's ordinary shares to trading on
 AIM

 2                                                                              9,009,759   98.66  122,091        1.34  9,131,850             1,302                77.50

 Re-registration of the Company as a private company and to approve the
 adoption of the New Articles

 

* Includes discretionary votes

 

**Issued Share Capital

 

***A vote withheld is not a vote in law and is not included in the calculation
of the votes "For" or "Against" the resolution or the total number of votes
cast

 

Shareholders are reminded that the last day of dealings in the Company's
Ordinary Shares on AIM will be 25 November 2024.

 

Further details of the Cancellation, including the full text of the
Resolutions, can be found in the Circular which was published and sent to
shareholders on 25 October 2024 and is available on the Company's website at
www.caledoniantrust.com (http://www.caledoniantrust.com) .

 

In accordance with the passing of the Resolutions, and subject to the
Cancellation becoming effective, the Company will re-register as a private
company limited by shares with the name Caledonian Trust Limited and adopt the
new articles of association with effect from such re-registration.

 

The expected timetable of principal events in relation to the Cancellation and
Re-Registration is as follows:

 

 Last day of dealings in Ordinary Shares on AIM  25 November 2024
 Time and date of Cancellation                   7.00 a.m. on 26 November 2024
 Expected re-registration as a private company   by 31 December 2024

 

Trading in the Ordinary Shares after Cancellation

 

The Company would like to remind shareholders that, as set out in the
Circular, there will not be a matched bargain facility in place following
Cancellation, however following the Cancellation the provision of a matched
bargain facility will be kept under review by the Board. In determining
whether to offer a matched bargain facility, the Company shall consider
Shareholder demand for such a facility as well as the costs to the Company and
Shareholders. There can be no guarantee that a matched bargain facility will
be put in place following Cancellation.

 

Notwithstanding, following Cancellation the Company intends to use reasonable
endeavours to facilitate introductions and communication amongst shareholders
who wish to sell their Ordinary Shares and those persons who wish to purchase
Ordinary Shares. To do this, shareholders or persons wishing to acquire or
sell Ordinary Shares following Cancellation will be able to leave an
indication with the Company at the following email address
(webmail@caledoniantrust.com) that they are prepared to buy or sell a
specified number of Ordinary Shares at a specified price.

 

Defined terms used in this announcement have the meaning ascribed to them in
the Circular.

 

 

Enquiries:

 

 Caledonian Trust plc
 Douglas Lowe, Chairman and Chief Executive Officer  Tel: 0131 220 0416
 Mike Baynham, Finance Director                      Tel: 0131 220 0416

 Allenby Capital Limited

 (Nominated Adviser and Broker)
 Nick Athanas                                        Tel: 0203 328 5656

 Dan Dearden-Williams

 

 

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