Global Resources Inv - Result of Meeting

Grit Investment Trust

21/12/2020 15:03

RNS Number : 4162J

Global Resources Investment Tst PLC

21 December 2020

 

Market Abuse Regulation (MAR) disclosure

 

Certain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.

 

 

Global Resources Investment Trust Plc

("GRIT" or "the Company")

 

Results of General Meeting and

Company Voluntary Arrangement

 

The Company is pleased to announce that at a meeting of creditors held at 10:30am today, the CVA process was approved. In addition, at the General Meeting of the Company held following the CVA, the Resolutions (as set out in the Notice of General Meeting found at the end of the circular published on 3 December 2020) were duly passed.  

Details of the votes and proxies received for each Resolution were as follows:-

 

FOR
AGAINST
DISCRETION
VOTES WITHHELD
FOR +
DISCRETION
Holders
Number of Votes
Percentage votes case
Holders
Number of Votes
Percentage votes cast
Holders
Number of Votes
Percentage votes cast
Holders
Number of Votes
Percentage
Holders
Number of Votes
Percentage
1
7
10,450,173
70.02%
1
30,000
0.20%
1
4,443,896
29.78%
0
0
0
8
14,894,069
99.80%
2
7
10,450,173
70.02%
1
30,000
0.20%
1
4,443,896
29.78%
0
0
0
8
14,894,069
99.80%
3
6
1,535,000
10.29%
1
30,000
0.20%
2
13,359,069
89.51%
0
0
0
8
14,894,069
99.80%

 

Following the approval of the Resolutions and the CVA, applications will be made for the admission of 8,392,902 New Ordinary Shares to the premium listing segment of the Official List of the Financial Conduct Authority ("FCA") and to trading on the London Stock Exchange's Main Market for listed securities ("Admission").  As the Company's Existing Ordinary Shares are suspended from trading, dealings in the New Ordinary Shares will not commence until this suspension has been lifted.

The New Ordinary Shares when issued will rank, from Admission, pari passu in all respects with the Existing Ordinary Shares.

The total issued share capital of GRIT following Admission will be 50,357,414 Ordinary Shares and the total number of voting rights of the Company will be 50,357,414 and this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Directors accept responsibility for this announcement.

 

 

For further information, please contact:

 

Global Resources Investment Trust PLC
Tel: +44 (0) 203 198 2554
Martin Lampshire
Beaumont Cornish Ltd
Tel: +44 (0) 207 628 3396
Roland Cornish
Felicity Geidt
Peterhouse Capital Limited
Tel: +44 (0) 207 469 0930
Lucy Williams
Duncan Vasey
Heena Karani

 

 

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