REG - Chelverton Grwth Tst - Result of Meeting

Chelverton Growth TrustAnnouncement

27/11/2023 15:45

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RNS Number : 8058U  Chelverton Growth Trust PLC  27 November 2023

 Chelverton Growth Trust Plc (the "Company")

 LEI 213800I86P8BAE6UVI83

 Result of General Meeting held on 27 November 2023

 Result of General Meeting

 Further to the circular (the "Circular") and notice of general meeting (the
 "Notice") to shareholders published on 1 November 2023 by the Company, the
 Board of the Company announces that a special resolution to place the Company
 into members' voluntary liquidation, as set out in the Notice, was voted on by
 way of a poll and approved by the Company's Shareholders at the General
 Meeting held earlier today. Accordingly, Milan Vuceljic and Michael Solomons
 of Moorfields Advisory Limited, have been appointed as joint Liquidators of
 the Company.

 The votes received for and against the resolution and the number of votes
 withheld were as follows:

Resolution                                                                 Votes For (including discretionary)  % (of votes cast excl. withheld)  Votes Against  % (of votes cast excl. withheld)  Total votes cast  %          Votes Withheld

                                                                                                            (issued

                                                                                                            share

                                                                                                            capital)
 To approve the members' voluntary liquidation of the Company, appoint the  1,734,984                            98.93                             18,783         1.07                              1,753,767         32.12      Nil
 Liquidators and grant the Liquidators certain powers.

 

 The full text of the resolution can be found in the Notice contained in the
 Circular. The Circular is available for viewing on the National Storage
 Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
 (https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and on the Company's
 website at https://www.chelvertonam.com/ (https://www.chelvertonam.com/)

 Suspension and Cancellation of Shares

 The Shares were suspended from listing on the Official List of the Financial
 Conduct Authority and from trading on the London Stock Exchange at 10.30 a.m.
 this morning, 27 November 2023, in anticipation of the General Meeting.

 Applications have been made to the Financial Conduct Authority and to the
 London Stock Exchange for the cancellation of the listing and admission to
 trading of the Shares with effect from 8.00 a.m. on 29 November 2023.

 Initial Distribution

 As set out in the Circular, the Liquidators expect to make an initial in
 specie distribution pro rata to Shareholders of the Company's shares in CEPS
 plc, the AIM listed industrial holding company in which the Company owns
 5,460,301 shares. Once the liquidators have satisfied the claims of creditors
 of the Company and paid the costs and expenses of the liquidation, it is
 expected that the Liquidators will make one final cash distribution to
 Shareholders, currently expected to be approximately 5 pence per Share.
 Defined terms used in this announcement have the meanings given to them in the
 Circular unless the context otherwise requires.

 Enquiries:

 Liquidators
 +44 (0)207 186 1144

 Milan Vuceljic and Michael Solomons

 

The full text of the resolution can be found in the Notice contained in the
Circular. The Circular is available for viewing on the National Storage
Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and on the Company's
website at https://www.chelvertonam.com/ (https://www.chelvertonam.com/)

 

Suspension and Cancellation of Shares

The Shares were suspended from listing on the Official List of the Financial
Conduct Authority and from trading on the London Stock Exchange at 10.30 a.m.
this morning, 27 November 2023, in anticipation of the General Meeting.

 

Applications have been made to the Financial Conduct Authority and to the
London Stock Exchange for the cancellation of the listing and admission to
trading of the Shares with effect from 8.00 a.m. on 29 November 2023.

 

Initial Distribution

As set out in the Circular, the Liquidators expect to make an initial in
specie distribution pro rata to Shareholders of the Company's shares in CEPS
plc, the AIM listed industrial holding company in which the Company owns
5,460,301 shares. Once the liquidators have satisfied the claims of creditors
of the Company and paid the costs and expenses of the liquidation, it is
expected that the Liquidators will make one final cash distribution to
Shareholders, currently expected to be approximately 5 pence per Share.

Defined terms used in this announcement have the meanings given to them in the
Circular unless the context otherwise requires.

 

Enquiries:

Liquidators
+44 (0)207 186 1144

Milan Vuceljic and Michael Solomons

 

 

 

 

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