|
TIDMSVI
RNS Number : 9933Z
SVG Capital PLC
23 March 2012
23 March 2012
SVG Capital plc
Annual General Meeting Held on 23 March 2012
SVG Capital plc announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed. Resolution 5 was withdrawn following Denis Raeburn's retirement as a director. Three of the resolutions were special resolutions as follows:
Resolution 11 - that a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice.
Resolution 12 - that the Board may disapply pre-emption rights and allot securities up to a maximum of 5% of the issued ordinary share capital of the Company as at 14 February 2012, provided that such disapplication shall expire at the earlier of the conclusion of the annual general meeting of the Company to be held in 2013 or 22 June 2013.
Resolution 13 - that the Company be generally authorised to make market purchases of its own shares up to a maximum of 14.99% of the issued ordinary share capital of the Company as at 14 February 2012 at a maximum price per share (exclusive of expenses) not exceeding the highest of 105% of the average middle market quotations for the five business days preceding the date of purchase and the higher of the last independent trade and the highest current independent bid, limited by the condition that the ordinary shares are trading at a discount to net asset value, provided that such authority shall expire at the earlier of the conclusion of the annual general meeting of the Company to be held in 2013 or 22 June 2013.
The full text of the resolutions can be found in the Notice of Meeting, copies of which are available for viewing at the National Storage Mechanism at www.Hemscott.com/nsm.do.
For further information please contact:
Stuart Ballard
Company Secretary
SVG Capital plc
Telephone 020 7010 8935
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGPGUQGWUPPGAW
| 
