REG - Safestyle UK PLC - EGM Result & Resignation of Nomad & Joint Brokers

Safestyle UKAnnouncement

10/01/2024 17:01

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RNS Number : 3012Z  Safestyle UK PLC  10 January 2024

10 January 2024

 

Safestyle UK plc

("Safestyle" or the "Company")

 

Result of EGM

 Appointment of Liquidators

and

Resignation of Nominated Adviser and Joint Brokers

 

Safestyle announces that, further to the announcement on 18 December 2023
notifying shareholders of an extraordinary general meeting ("EGM"), the
resolutions to approve the winding up of the Company and to nominate Mark
Kelly and Leonard Gerber of KPMG, and David Standish of Interpath Advisory, as
joint liquidators (the "Joint Liquidators") were duly passed. Further, at a
meeting of creditors immediately following the EGM, the appointment of the
Joint Liquidators was confirmed. Any enquiries regarding the Company or its
liquidation should be directed to Leonard Gerber at restructuring-ci@kpmg.com
(mailto:restructuring-ci@kpmg.com) . The telephone number is +44 1534 888 891.

 

The Company announces that Rob Neale, Phil Joyner, Michelle Williams, Alan
Lovell, Julia Porter and Fiona Goldsmith, directors of the Company, will
resign from the board at a time that is appropriate to ensure they can support
the Joint Liquidators in the fulfilment of their duties.

 

Further, following the appointment of the Joint Liquidators, Zeus has resigned
as Nominated Adviser and Joint Broker to the Company with immediate effect.
Accordingly, the Company's ordinary shares will remain suspended from trading
on AIM, inter alia, pursuant to AIM Rule 1, pending the appointment of a
replacement nominated adviser.

 

If the Company fails to appoint a replacement nominated adviser within one
month of today's date, admission of the Company's shares to trading on AIM
will be cancelled.

 

Liberum has also resigned as Joint Broker to the Company with immediate
effect.

 

A summary of the votes lodged by proxy at the EGM are included below.

 

     Resolution                                                     Votes For   % For  Votes Against  % Against  Votes Withheld
 1.  To approve the winding up of the Company*                      36,575,799  85.86  6,025,785      14.14      12,272
 2.  To nominate Mark Kelly and Louis Gerber as Joint Liquidators*  36,565,799  85.86  6,022,894      14.14      24,872

* Special Resolution

 

(1)      Any proxy appointments, which gave discretion to the Chairman
have been included in the 'For' votes total.

(2)      Votes "For" and "Against" any resolution are expressed as a
percentage of votes validly cast for that resolution.

(3)      A "Vote withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against".

(4)      The number of shares in issue on 10 January 2024 was 138,867,384
with no shares in treasury.

 

 

For further information:

 

 KPMG                                         restructuring-ci@kpmg.com (mailto:restructuring-ci@kpmg.com)

 Leonard Gerber / Mark Kelly

 Zeus                                         Tel: 0203 829 5000

 Dan Bate / James Edis (Investment Banking)

 Liberum Capital Limited                      Tel: 0203 100 2100

 Jamie Richards / William King

 

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