Altus Resource Capital Limited Result of EGM (7680P)

TIDMARCL

RNS Number : 7680P

Altus Resource Capital Limited

10 June 2015

ALTUS RESOURCE CAPITAL LIMITED (LSE:ARCL) (the "Company")

10 June 2015

RESULTS OF EXTRAORDINARY GENERAL MEETING

In accordance with the provisions of E.2.2 of The UK Corporate Governance Code, the Company advises that for the Extraordinary General Meeting held on 10 June 2015 valid proxy appointments were made in respect of 27,575,183 voting shares. Voting was as follows:

IT WAS RESOLVEDthat the Company be and is hereby wound up voluntarily pursuant to Section 391(1)(b) of The Companies (Guernsey) Law, 2008 as amended.

(27,545,201 votes cast in favour, 29,982 votes cast against and no votes withheld).

IT WAS RESOLVEDthat James Robert Toynton and Alan John Roberts of Grant Thornton Limited, Lefebvre House, Lefebvre Street, St Peter Port, Guernsey GY1 3TF be and are appointed as joint liquidators (the "Liquidators") for the purpose of the winding up of the Company and any power conferred on the Liquidators by law, the Articles or by this Resolution may be exercised by any one of them and any act required or authorised under any enactment to be done by them may be done by any one of them, such appointment becoming effective on the passing of this Resolution.

(27,545,201 votes cast in favour, 29,982 votes cast against and no votes withheld).

IT WAS RESOLVEDthat the remuneration of the Liquidators be determined on the basis of time properly spent by them and members of their staff in attending to matters arising prior to and during the winding up of the Company (including those falling outside of their statutory duties, undertaken at the request of the members) as set out in the Liquidators' letter of engagement dated 18 May 2015, and that they be and are hereby authorised to draw such remuneration monthly or at such longer intervals as they may determine and to pay any expenses properly incurred by them in respect of the winding up.

(27,545,201 votes cast in favour, 29,982 votes cast against and no votes withheld)

IT WAS RESOLVED that the Company's books and records be held by the secretary of the Company to the order of the Liquidators until the expiry of six years after the date of dissolution of the Company, when they may be disposed of.

(27,545,201 votes cast in favour, 29,982 votes cast against and no votes withheld)

For further information contact:

   Administrative Enquiries:                                            Shareholder Enquiries: 
   JTC (Guernsey) Limited                                             Nimrod Capital LLP 
   Tel: [phone]                                         Tel: [phone] 

[e-mail]

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