Picture of Wam Capital logo

WAM Wam Capital News Story

0.000.00%
au flag iconLast trade - 00:00
FinancialsConservativeMid CapSuper Stock

RCS - All Active Asset Cap - Results of Shareholder Meetings




 



RNS Number : 5465R
All Active Asset Capital Limited
05 November 2021
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

5 November 2021

MESH HOLDINGS PLC ('MESH')

and

ALL ACTIVE ASSET CAPITAL LIMITED ('AAA')

Recommended all share combination by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006

RESULTS OF SHAREHOLDER MEETINGS

 

MESH is pleased to announce that at the Court Meeting and the General Meeting of MESH Shareholders held earlier today to approve the terms of a recommended all-share combination of AAA and MESH be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"), the resolutions proposed were duly passed. Full details of the resolutions are set out in the notices of the Court Meeting and the General Meeting contained in the circular to MESH Shareholders dated 18 October 2021 (the "Scheme Document").

At the Court Meeting, a majority in number of Scheme Shareholders, who voted and were entitled to vote (either in person or by proxy on the virtual meeting platform) and who together represented over 75 per cent. by value of the votes cast, voted in favour of the resolution to approve the Scheme.  The resolution was accordingly passed. At the General Meeting, the special resolutions to provide for the implementation of the Scheme and the amendments to MESH's articles of association were also passed by the requisite majority on a poll.

COURT MEETING

The results for the resolution to approve the Scheme were as follows:

Results of the Court Meeting

Number of Scheme Shares voted

% of Scheme Shares voted

Number of Scheme Shareholders who voted

% of Scheme Shareholders who voted

Number of Scheme Shares voted as a percentage of issued ordinary share capital entitled to vote on the Scheme

FOR

204,269,038

99.9999%

204,269,038

99.9999%

99.9999%

AGAINST

20

0.0001%

20

0.0001%

0.0001%

GENERAL MEETING

The special resolutions to provide for the implementation of the Scheme and the requisite amendments to MESH's articles of association were also passed by the requisite majority on a poll.

The number of proxies received were as follows:

FOR:                74 (99.99%);

AGAINST:        1 (0.01%); and

ABSTAINED:    0 (0%).

Votes lodged to be cast at the Chairman's discretion have been included in the 'FOR' figures.

Completion of the Scheme remains subject to the Court sanctioning the Scheme at the Court Hearing which is expected to take place on 12 November 2021.

 

Capitalised terms used in this announcement, unless otherwise defined shall have the same meanings as set out in the Scheme Document.

 

For further information please contact:

Buchanan (Financial PR)

Richard Oldworth
t: +44 (0) 7710 130634

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAUVRVRABUARAA

Recent news on Wam Capital

See all news