REG - Literacy Capital PLC - Results of the Annual General Meeting

Literacy CapitalAnnouncement

10/05/2023 16:45

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RNS Number : 9968Y  Literacy Capital PLC  10 May 2023

The information contained in this announcement is restricted and is not for
publication, release or distribution in the United States of America, any
member state of the European Economic Area, Canada, Australia, Japan or the
Republic of South Africa.

 

10 May 2023

Literacy Capital Plc

Results of the Annual General Meeting held on 10 May 2023

Literacy Capital Plc (the "Company") is pleased to announce that all of the
resolutions put forward at its Annual General Meeting held on 10 May 2023 were
duly passed.

The text of all the resolutions is contained in the notice of meeting in the
Company's circular dated 14 April 2023.

As contemplated in the circular to shareholders on 14 April 2023, the votes
were conducted on a poll with the chair of the meeting casting their vote in
accordance with the proxy votes held by them as set out below.

The votes received were as follows:

     Resolutions                                                                     In Favour/Discretionary     Against                  Withheld  Total proxy votes cast  Percentage of issued share capital voted (%)
                                                                                     Total Votes   Percentage    Total Votes  Percentage
 Ordinary resolutions
 1   To receive the reports of the Directors and the Auditors and the audited        30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
     accounts for the nine months ended 31 December 2022.
 2   To approve the Directors' remuneration report.                                  30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 3   To re-elect Paul Pindar as a Director of the Company.                           30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 4   To re-elect Richard Pindar as a Director of the Company.                        30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 5   To re-elect Simon Downing as a Director of the Company.                         30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 6   To re-elect Kevin Dady as a Director of the Company.                            30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 7   To re-elect Rachel Murphy as a Director of the Company.                         30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 8   To re-elect Christopher Sellers as a Director of the Company.                   30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 9   To appoint Mazars LLP as auditors to the Company.                               30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 10  To authorise the Directors to fix the auditors' remuneration.                   30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 11  To approve the Company's dividend policy.                                       30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 12  To authorise the Directors to allot Ordinary Shares under section 551           30,719,242    100.00%       0            0.00%       300       30,719,542              51.20%
     Companies Act 2006 up to an aggregate nominal amount of £12,000.
 Special Resolutions
 13  To disapply statutory pre-emption rights under section 570 Companies Act 2006   30,719,242    100.00%       0            0.00%       300       30,719,542              51.20%
     up to an aggregate nominal value of £12,000.
 14  To authorise the Company to make a market purchase of its own Ordinary Shares.  30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%
 15  To permit general meetings to be called on 14 days' notice.                     30,719,542    100.00%       0            0.00%       0         30,719,542              51.20%

 

Notes:

(i)               Votes 'For' include those votes giving the
Chair discretion.

(ii)              The number of ordinary shares in issue on 10
May 2023 was 60,000,000. Shareholders are entitled to one vote per share.

(iii)             A vote withheld is not a vote in law and is not
counted in the calculation of the proportion of votes validly cast.

Full details of the resolutions are set out in the Notice of Annual General
Meeting dated 14 April 2023 (which is available on the Company's website at
www.literacy capital.com).

Resolutions 1 to 12 were ordinary resolutions, requiring more than 50 per
cent. of shareholders' votes to be cast in favour of the resolutions.
Resolutions 13 to 15 were special resolutions, requiring at least 75 per cent.
of shareholders' votes to be cast in favour of the resolutions.

A copy of all the resolutions passed at the Annual General Meeting has been
submitted to the Financial Conduct Authority via the National Storage
Mechanism and will shortly be available for inspection at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
(https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism)
.

 

For further information, please contact:

Literacy Capital plc / Literacy Capital Asset Management LLP:

Richard Pindar / Tom Vernon

 +44 (0) 20 3960 0280

 Singer Capital Markets Securities Limited:

 Robert Peel

 +44 (0) 20 7496 3000

LEI: 2549006P3DFN5HLFGR54

A copy of this announcement will be available on the Company's website
at https://www.literacycapital.com/ (https://www.literacycapital.com/) .
Neither the content of the Company's website, nor the content on any website
accessible from hyperlinks on its website for any other website, is
incorporated into, or forms part of, this announcement nor, unless previously
published by means of a recognised information service, should any such
content be relied upon in reaching a decision as to whether or not to acquire,
continue to hold, or dispose of, securities in the Company.

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