Terra Capital PLC General Meeting result and liquidator appointment (3636U)
March 28 2019 - 10:30AM
UK Regulatory
TIDMTCA
RNS Number : 3636U
Terra Capital PLC
28 March 2019
Legal Entity Identifier: 2138006S6U2X7L4R8V74
28 March 2019
Terra Capital Plc ('Terra' or 'the Company')
(incorporated in the Isle of Man and registered under the Isle
of Man Companies Act 2006
with registered number 016286V)
Result of General Meeting and Appointment of Liquidators
Terra Capital Plc is pleased to announce that at the General
Meeting of the Company held at 2.00 p.m. today (the "Meeting"), the
two resolutions (to put the Company into members' voluntary
liquidation and to cancel the AIM Admission of the Company's
ordinary shares) were put to shareholders and were duly passed by
the requisite majorities.
Accordingly, Mark Russell Kelly and Kristan James King of KPMG
LLC, Heritage Court,41 Athol Street, Douglas, Isle of Man have been
appointed to act as joint liquidators in the voluntary winding-up
of the Company.
In respect of each resolution, the votes cast were as follows,
with percentages having been calculated by reference to total votes
cast:
- Resolution 1 - a special resolution to cancel the admission of
the Ordinary Shares to trading on AIM in accordance with the AIM
Rules; 631,492 votes were cast representing 57% of the shares in
issue. 599,940 votes were cast in favour of the resolution
representing 95% of the votes cast and 32,002 votes were cast
against the resolution.
- Resolution 2 - an ordinary resolution to wind up the Company
voluntarily: 631,492 votes were cast in favour of the resolution
representing 57% of the shares in issue. No votes were cast against
the resolution.
As contemplated in the Company's circular of 27 February 2019
("Circular") and its announcement of the same date, suspension of
trading in the Company's ordinary shares took place at 7.30 a.m.
today in anticipation of the meeting and, at 7.00am tomorrow, 29
March 2019, the AIM Admission is expected to be cancelled.
Further details of the voluntary liquidation and cancellation
are set out in both the Circular and announcement referred to
above. Capitalised terms used but not defined in this announcement
have the meaning given to them in the Circular.
For more information, please visit www.terracapitalplc.com or
contact:
Galileo Fund Services Limited (Administrator)
Frazer Pickering
+44 1624 692600
Panmure Gordon (UK) Limited (Nominated adviser and corporate
broker)
Jonathan Becher
+44 20 7886 2500
Terra Capital plc.
Ian Dungate, Director
+44 1624 692600
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END
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