Better Capital PCC Limited Result of AGM (9690I)

TIDMBCAP TIDMBC12

RNS Number : 9690I

Better Capital PCC Limited

05 September 2016

5 September 2016

Better Capital PCC Limited

(the "Company")

Results of Annual General Meetings

The Company is pleased to announce that each resolution was duly passed without amendment at the annual general meeting of the holders of the 2009 Shares, the annual general meeting of the holders of the 2012 Shares and the annual general meeting of all shareholders, each annual general meeting being held on 5 September 2016.

The proxy votes received by the Company prior to the annual general meetings were as follows:

Annual General Meeting of the holders of the 2009 Shares

 
 Resolution                       Votes for (including     Votes against    Withheld 
                                     discretionary)                          number* 
------------------------------  -----------------------  ----------------  --------- 
                                        Number        %     Number      % 
------------------------------  --------------  -------  ---------  -----  --------- 
 1 - To authorise the Company 
  to make purchases of the 
  2009 Shares                      147,283,775    99.99     15,000   0.01          0 
------------------------------  --------------  -------  ---------  -----  --------- 
 

Annual General Meeting of the holders of the 2012 Shares

 
 Resolution                         Votes for (including     Votes against    Withheld 
                                       discretionary)                          number* 
--------------------------------  -----------------------  ----------------  --------- 
                                          Number        %     Number      % 
--------------------------------  --------------  -------  ---------  -----  --------- 
 1 - To authorise the Company 
  to make purchases of the 
  2012 Shares                        168,355,343    99.99      9,000   0.01          0 
--------------------------------  --------------  -------  ---------  -----  --------- 
 2 - To authorise the directors 
  to disapply pre-emption 
  rights in respect of issues 
  of 2012 Shares                     168,355,343    99.99      9,000   0.01          0 
--------------------------------  --------------  -------  ---------  -----  --------- 
 

Annual General Meeting of all shareholders

 
 Resolution                         Votes for (including     Votes against**    Withheld 
                                      discretionary)**                           number* 
--------------------------------  -----------------------  ------------------  ---------- 
                                          Number        %      Number       % 
--------------------------------  --------------  -------  ----------  ------  ---------- 
 1 - To receive the report 
  of the directors and audited 
  accounts for the year ended 
  31 March 2016                      322,694,753    98.64   5,218,705    1.36           0 
--------------------------------  --------------  -------  ----------  ------  ---------- 
 2 - To approve the directors' 
  remuneration for the year 
  ended 31 March 2016                327,897,924   100.00       8,793   <0.01       6,741 
--------------------------------  --------------  -------  ----------  ------  ---------- 
 3 - To re-appoint Jon Moulton 
  as a director                      322,685,960    98.64   5,218,705    1.36       8,793 
--------------------------------  --------------  -------  ----------  ------  ---------- 
 4 - To re-appoint BDO Limited 
  as auditors to the Company         326,048,597   100.00           0    0.00   1,864,861 
--------------------------------  --------------  -------  ----------  ------  ---------- 
 5 - To authorise the directors 
  to determine the remuneration 
  of the auditors to the 
  Company                            327,913,458   100.00           0    0.00           0 
--------------------------------  --------------  -------  ----------  ------  ---------- 
 6 - To authorise the Company 
  to make purchases of the 
  2009 Shares                        327,904,665   100.00       8,793   <0.01           0 
--------------------------------  --------------  -------  ----------  ------  ---------- 
 7 - To authorise the Company 
  to make purchases of the 
  2012 Shares                        327,904,665   100.00       8,793   <0.01           0 
--------------------------------  --------------  -------  ----------  ------  ---------- 
 8 - To authorise the directors 
  to disapply pre-emption 
  rights in respect of issues 
  of 2012 Shares                     327,904,665   100.00       8,793   <0.01           0 
--------------------------------  --------------  -------  ----------  ------  ---------- 
 

* A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the relevant resolution.

** The number of proxy votes in relation to the annual general meeting of all shareholders of the Company has been calculated in accordance with the Company's articles of incorporation. The Company's articles of incorporation provide that at any general meeting of all shareholders of the Company:

1. each holder of 2009 Shares who is present in person shall have one vote and on a poll the vote shall be weighted where a vote cast in relation to each 2009 Share shall count as 1.1096 towards the total number of votes cast; and

2. each holder of 2012 Shares who is present in person shall have one vote and on a poll the vote shall be weighted where a vote cast in relation to each 2012 Share shall count as 0.9770 towards the total number of votes cast.

The full text of all the resolutions can be found in the Notices of Annual General Meetings which is available for viewing at the National Storage Mechanism, which is located at: http://www.hemscott.com/nsm.do, and from the Company's website at: http://www.bettercapital.gg.

 
  Enquiries: 
 Better Capital PCC Limited 
  Laurence McNairn (Administrator and Company 
  Secretary)                                     [phone] 
 Powerscourt 
  Justin Griffiths                               [phone] 
 Numis Securities 
  Nathan Brown                                   [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 05, 2016 07:25 ET (11:25 GMT)