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

Literacy CapitalAnnouncement

15/05/2025 15:15

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RNS Number : 8918I  Literacy Capital PLC  15 May 2025

The information contained in this announcement is restricted and is not for
publication, release or distribution in the United States of America, any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.

 

15 May 2025

Literacy Capital Plc

Results of the Annual General Meeting held on 15 May 2025

Literacy Capital Plc (the "Company") is pleased to announce that all of the
resolutions put forward at its Annual General Meeting held on 15 May 2025 were
duly passed.

The full text of all the resolutions is contained in the notice of meeting in
the Company's circular dated 11 April 2025 (the "AGM Circular").

As contemplated in the AGM Circular, 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:

 Resolution                                                                              In Favour/Discretionary     Against                  Withheld (note iii)  Total proxy votes cast  Percentage of issued share capital voted (%)

                                                                                         (note i)
                                                                                                       Total votes   Percentage  Total votes  Percentage
 Ordinary resolutions
 1.      To capitalise from time to time a sum or sums not exceeding, at each relevant   30,955,048    100.00%       0           0.00%        1,640                30,956,688              51.44%
         time, the aggregate amount then standing to the credit of the Company's
         reserves available for the purpose of making issues of unlisted redeemable
         fixed rate preference shares ("B Shares") of £1 each in the capital of the
         Company.
 2.      To authorise the Directors to allot B Shares under section 551 of the           30,955,048    100.00%       0           0.00%        1,640                30,956,688              51.44%
         Companies Act 2006.
 3.      To receive the reports of the Directors and the Auditors and the audited        30,955,048    100.00%       0           0.00%        1,640                30,956,688              51.44%
         accounts for the year ended 31 December 2023.
 4.      To approve the Directors' remuneration report.                                  30,949,069    99.99%        1,504       0.01%        6,115                30,956,688              51.43%
 5.      To re-elect Paul Pindar as a Director of the Company.                           30,952,565    100.00%       0           0.00%        4,123                30,956,688              51.44%
 6.      To re-elect Richard Pindar as a Director of the Company.                        30,952,565    100.00%       0           0.00%        4,123                30,956,688              51.44%
 7.      To re-elect Simon Downing as a Director of the Company.                         30,952,565    100.00%       0           0.00%        4,123                30,956,688              51.44%
 8.      To re-elect Rachel Murphy as a Director of the Company.                         30,952,565    100.00%       0           0.00%        4,123                30,956,688              51.44%
 9.      To re-elect Christopher Sellers as a Director of the Company.                   30,952,565    100.00%       0           0.00%        4,123                30,956,688              51.44%
 10.     To re-appoint Mazars LLP as auditors to the Company.                            30,955,048    100.00%       0           0.00%        1,640                30,956,688              51.44%
 11.     To authorise the Directors to determine the auditors' remuneration.             30,955,048    100.00%       0           0.00%        1,640                30,956,688              51.44%
 12.     To approve the Company's dividend policy.                                       30,956,688    100.00%       0           0.00%        0                    30,956,688              51.44%
 13.     To authorise the Directors to allot Ordinary Shares under section 551 of the    30,953,056    99.99%        1,992       0.01%        1,640                30,956,688              51.44%
         Companies Act 2006 up to an aggregate nominal amount of £12,035.
         Special resolutions
 14.     To disapply statutory pre-emption rights under section 570 of the Companies     30,951,056    99.99%        3,992       0.01%        1,640                30,956,688              51.44%
         Act 2006 up to an aggregate nominal value of £12,035.
 15.     To authorise the Company to make a market purchase of its own Ordinary Shares.  30,956,688    100.00%       0           0.00%        0                    30,956,688              51.44%
 16.     To permit general meetings to be called on 14 days' notice.                     30,956,688    100.00%       0           0.00%        0                    30,956,688              51.44%

Notes:

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

(ii)         The number of ordinary shares in issue on 16 May 2025 was
60,175,000. No shares are held in treasury. 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 AGM Circular (which is
available on the Company's website at www.literacycapital.com).

Resolutions 1 to 13 were ordinary resolutions, requiring more than 50 per
cent. of shareholders' votes to be cast in favour of the resolutions.
Resolutions 14 to 16 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 / Book Asset Management LLP:

 Richard Pindar / Aasha Tailor

 +44 (0) 20 3960 0280

 MHP Group:

 Reg Hoare / Ollie Hoare / Matthew Taylor / Lexi Iles

 book@mhpgroup.com (mailto:book@mhpgroup.com)

 +44 (0) 7817 458 804

 Singer Capital Markets Securities Limited:

 Alaina Wong

 +44 (0) 20 7496 3000

 

About Literacy Capital plc

 

Literacy Capital (BOOK.L) is a closed-end investment company that was
co-founded by Paul Pindar and Richard Pindar in 2017 with £54m of capital.
Literacy listed on the London Stock Exchange in June 2021, before gaining
Investment Trust status on 1 April 2022. The Company focuses on opportunities
to invest for the long-term in growing private businesses where a clear route
to creating additional value can be seen with its support.

 

It also has a unique charitable objective, to donate 0.5% of annual NAV to
charities focused on improving UK literacy in children. £11.6 million has
been donated or reserved for donation to charities since the trust's creation
in 2017. For more information, please visit our website:
www.literacycapital.com
(https://protect.checkpoint.com/v2/___http:/www.literacycapital.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzphNjUwYWQxZDUwODhlOWQ3MmI2NDdhYTkzOTJmNjA0Mzo2OmViNjk6ZTY1ZGRjZjU4MjE2YTJmMjU5YmYzMWZjOTYwMDBjMTI4MzY0YTIxYzQ1YzZkODczYzMwNzQ1YzM1YzI0NTg5YTpwOlQ6Tg)
.

 

A copy of this announcement will be available on the Company's website at
www.literacycapital.com
(https://protect.checkpoint.com/v2/___http:/www.literacycapital.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzozOTJlMjY0ZGJjOWMxNGI5MjljMTQ5MDVkNTJmNTNhZDo2OjY5MTU6ZjFhNWJmZWYyNDhjMTUwYTEyNGFlN2JjNWY5ZTVlNjAxMDc2NDMwMzFkMmZhNmExMjY0NDVjNWRiMWZkZjkwMDpwOlQ6Tg)
.

 

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.

 

LEI: 2549006P3DFN5HLFGR54

 

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