REG - Ediston Prop Inv - Result of General Meeting

Ediston Property InvestmentAnnouncement

11/01/2024 11:45

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RNS Number : 4099Z  Ediston Property Inv Comp PLC  11 January 2024

 Ediston Property Investment Company plc

 LEI Number: 213800JRL87EGX9TUI28

 11 January 2024
 Result of General Meeting

 Further to the circular (the "Circular") and notice of General Meeting (the
 "Notice") to shareholders published on 20 December 2023 by Ediston Property
 Investment Company plc (the "Company"), the board of directors of the Company
 announces that the 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, Derek Hyslop and Richard Barker of Ernst & Young LLP
 have been appointed as joint liquidators of the Company (the "Liquidators").

 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 (excl. withheld)  %          Votes Withheld

                                                                                                                    (issued

                                                                                                                    share

                                                                                                                    capital)
 To approve the members' voluntary liquidation of the Company, appoint the  95,848,743                           99.66                             324,368        0.34                              96,173,111                         45.51      61,340
 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 www.epic-reit.com (http://www.epic-reit.com) .

 Suspension and Cancellation of Shares

 As set out in the Circular, the Company's Ordinary Shares were suspended from
 listing on the Official List of the Financial Conduct Authority and from
 trading on the main market of the London Stock Exchange at 7.30 a.m. this
 morning, 11 January 2024, 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 Ordinary Shares, respectively, with effect from 8.00 a.m. on 12
 January 2024.

 Initial Distribution

 As set out in the Circular, the Liquidators expect to make an initial
 distribution to shareholders within five Business Days of the Company having
 entered into members' voluntary liquidation (the "Initial Distribution").

 It is expected that the Initial Distribution will be not less than 69.0 pence
 per Ordinary Share and will comprise the vast majority of the Company's
 assets.
 Defined terms used in this announcement have the meanings given to them in the
 Circular unless the context otherwise requires.

 Enquiries:

 Liquidators
 + 44 (0)131 777 2000

 Derek Hyslop

 Richard Barker

 

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 www.epic-reit.com (http://www.epic-reit.com) .

 

Suspension and Cancellation of Shares

As set out in the Circular, the Company's Ordinary Shares were suspended from
listing on the Official List of the Financial Conduct Authority and from
trading on the main market of the London Stock Exchange at 7.30 a.m. this
morning, 11 January 2024, 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 Ordinary Shares, respectively, with effect from 8.00 a.m. on 12
January 2024.

 

Initial Distribution

As set out in the Circular, the Liquidators expect to make an initial
distribution to shareholders within five Business Days of the Company having
entered into members' voluntary liquidation (the "Initial Distribution").

 

It is expected that the Initial Distribution will be not less than 69.0 pence
per Ordinary Share and will comprise the vast majority of the Company's
assets.

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

 

Enquiries:

Liquidators
+ 44 (0)131 777 2000

Derek Hyslop

Richard Barker

 

 

 

 

 

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