REG - Vector Capital PLC - Result of General Meeting

Vector CapitalAnnouncement

20/08/2024 15:15

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RNS Number : 1452B  Vector Capital PLC  20 August 2024

Vector Capital plc

("Vector Capital" or the "Company")

Result of General Meeting

Vector Capital announces the results of the voting on the ordinary resolution
and the special resolution proposed at the General Meeting held on 20 August
2024 to approve a return of up to £3.71 million to Shareholders by way of a
tender offer and the cancellation of admission of ordinary shares to trading
on AIM.

The resolutions were duly passed.  The poll results are set out below.

 Ordinary Resolution                                                            Votes for   %      Votes against  %     Votes total  % of issued share capital  Votes withheld
 To approve the market purchases of Ordinary Shares by the Company in           39,012,020  99.26  26,444         0.07  39,038,464   86.28                      10,000
 connection with the Tender Offer and the Repurchase
 Special Resolution                                                             Votes for   %      Votes against  %     Votes total  % of issued share capital  Votes withheld
 To approve the cancellation of admission of the Ordinary Shares to trading on  38,995,111  99.21  43,353         0.11  39,038,464   86.28                      10,000
 AIM

As a result of Resolution 1 having been passed, the Tender Offer is now
unconditional.  The Closing Date of the Tender Offer continues to be 1.00pm
on 3 September 2024 as indicated in the Circular.

As a result of Resolution 2 having been passed, the Company is scheduled to
have its trading in its shares on AIM cancelled with effect from 7.00am on 16
September 2024.

The result of the General Meeting will also be made available on the Company's
website: https://vectorcapital.co.uk/ (https://vectorcapital.co.uk/)

The Board urges Shareholders to carefully read the Circular published on 2
August 2024, which provides information about the background to, and reasons
for, the Tender Offer and De-Listing.  The Circular can also be found on the
Company's website: https://vectorcapital.co.uk/ (https://vectorcapital.co.uk/)

Shareholders who wish to tender their Ordinary Shares in the Tender Offer
should note that the Tender Offer remains open until 1.00 p.m. on 3 September
2024.  In order to tender their Ordinary Shares, Shareholders must lodge
their completed Tender Forms with the Company's receiving agent, Neville
Registrars Limited, or submit their instructions via CREST.

Defined Terms

Defined terms in this announcement have the same meaning as in the Circular
(unless otherwise specified).

 

For further information please contact:

Vector Capital plc

Robin Stevens

Agam Jain

c/o IFC Advisory Limited

Zeus Capital Limited

Hugh Morgan, Darshan Patel

+44 (0) 20 3829 5000

IFC Advisory Limited

Graham Herring, Florence Chandler, Zach Cohen

+44 (0) 20 3934 6630

About Vector Capital:

Vector Capital provides secured, business-to-business loans to SMEs based
principally in England and Wales. Loans are typically secured by a first
legal charge against real estate. The Group's customers typically borrow for
general working capital purposes, bridging ahead of refinancing, land
development and property acquisition. The loans provided by the Group are
typically for renewable 12-month terms with fixed interest rates.

 

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