Treatt PLC Result of General Meeting (6926Z)
December 18 2017 - 10:41AM
UK Regulatory
TIDMTET
RNS Number : 6926Z
Treatt PLC
18 December 2017
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.
TREATT PLC
("Treatt", the "Company" or the "Group")
Result of General Meeting
On 28 November 2017, Treatt, the manufacturer and supplier of
innovative ingredient solutions for the flavour, fragrance,
beverage and consumer products industries, announced the
conditional placing of 5,265,500 new Placing Shares to raise
approximately GBP21.6 million (before expenses). The Placing was
subject to, inter alia, the approval by Shareholders of the
Resolution at the General Meeting.
The Company is pleased to announce that at the General Meeting
held earlier today, the Resolution was duly passed.
The proxy votes received in relation to the Resolution were as
follows:
Resolutions Votes For Votes Against Votes at Votes Withheld
Chairman's
Discretion
------------- ----------- -------------- ------------ ---------------
Resolution
1 25,782,729 82,649 302,910 10,377
------------- ----------- -------------- ------------ ---------------
A copy of Resolution 1 will be submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM.
The Placing remains conditional upon, inter alia, Admission
becoming effective.
Application has been made for the 5,265,500 Placing Shares to be
admitted to the premium listing segment of the Official List of the
FCA and to trading on the London Stock Exchange's main market for
listed securities. It is expected that Admission will become
effective on 19 December 2017 and that dealings in the Placing
Shares will commence on that date.
The Placing Shares will rank pari passu in all respects with
each other and with all other Ordinary Shares, including the right
to receive all dividends and other distributions declared, made or
paid on the Ordinary Shares after Admission, including the final
dividend of 3.35 pence per Ordinary Share declared by the Board of
Treatt on 28 November 2017 in respect of the financial year ended
30 September 2017, subject to its approval by shareholders at the
Company's annual general meeting on 26 January 2018.
Upon Admission, the Group's ordinary share capital as enlarged
by the Placing will comprise 58,170,670 Ordinary Shares with one
voting right per share. The number of shares held in the Company's
Employee Benefit Trust and Treatt SIP Trustees Limited, under which
voting rights are waived, is 645,383. Therefore, the total number
of voting rights in Treatt upon Admission will be 57,525,287. This
figure may be used by shareholders following Admission as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of Treatt under the FCA's Disclosure
Guidance and Transparency Rules sourcebook.
This announcement should be read in conjunction with the full
text of the circular published by Treatt plc on 28 November 2017
(the "Circular"). A copy of the Circular is available for
inspection on Treatt's website at: www.treatt.com.
Capitalised terms used in this announcement have the same
meanings given to them in the Circular.
Enquiries:
+44 (0)1284
Treatt plc 702500
Daemmon Reeve - Chief Executive
Officer
Richard Hope - Finance Director
Investec Investment Banking - Sole +44 (0)20 7597
Bookrunner and Broker 5970
Patrick Robb
David Anderson
Alex Wright
Stephanie Cornish
+44 (0)20 3865
Davidson Ryan Dore - Public relations 5971
Lawrence Dore
About the Group
Treatt is a global supplier of innovative ingredient solutions
for the flavour, fragrance and multinational consumer product
industries, particularly in the beverage sector. Renowned for its
technical expertise and knowledge of ingredients, their origins and
market conditions, Treatt is recognised as a leader in its
field.
The Group employs over 300 staff in Europe, North America,
Africa and Asia and has manufacturing facilities in the UK, USA and
Kenya.
Earthoil is the personal care ingredients division of Treatt,
which specialises in pure and organic fair trade essential and cold
pressed vegetable seed oils, offering a broad spectrum of natural
raw materials for cosmetic applications.
For further information about the Group, visit www.treatt.com
and www.earthoil.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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