Better Capital PCC Limited Result of Annual General Meetings (8729P)

TIDMBCAP TIDMBC12

RNS Number : 8729P

Better Capital PCC Limited

05 September 2017

5 September 2017

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 2017.

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        Votes against    Withheld 
                                   (including                         number* 
                                 discretionary) 
----------------------------  ------------------  ----------------  --------- 
                                    Number     %       Number    % 
----------------------------  ------------  ----  -----------  ---  --------- 
 1. To authorise the 
  Company to make purchases 
  of the 2009 Shares            27,539,169   100            0    0          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             168,687,257      100          0      0          0 
----------------------------  --------------  -------  ---------  -----  --------- 
 2. To authorise the 
  directors to disapply 
  pre-emption rights 
  in respect of issues 
  of 2012 Shares                 168,087,257    99.64    600,000   0.36          0 
----------------------------  --------------  -------  ---------  -----  --------- 
 

Annual General Meeting of all shareholders

 
 Resolution                         Votes for         Votes against**    Withheld 
                                    (including                            number* 
                                 discretionary)** 
----------------------------  --------------------  ------------------  ---------- 
                                    Number       %       Number      % 
----------------------------  ------------  ------  -----------  -----  ---------- 
 1. To receive the 
  report of the directors 
  and audited accounts 
  for the year ended 
  31 March 2016                191,585,673   99.99       18,763   0.01   3,631,444 
----------------------------  ------------  ------  -----------  -----  ---------- 
 2. To approve the 
  directors' remuneration 
  for the year ended 
  31 March 2016                195,235,881     100            0      0           0 
----------------------------  ------------  ------  -----------  -----  ---------- 
 3. To re-appoint 
  Richard Battey as 
  a director                   195,235,881     100            0      0           0 
----------------------------  ------------  ------  -----------  -----  ---------- 
 4. To re-appoint 
  Philip Bowman as 
  a director                   195,235,881     100            0      0           0 
----------------------------  ------------  ------  -----------  -----  ---------- 
 5. To re-appoint 
  Richard Crowder as 
  a director                   195,235,881     100            0      0           0 
----------------------------  ------------  ------  -----------  -----  ---------- 
 6. To re-appoint 
  Jon Moulton as a 
  director                     191,585,673   98.13    3,650,207   1.87           0 
----------------------------  ------------  ------  -----------  -----  ---------- 
 7. To re-appoint 
  BDO Limited as auditors 
  to the Company               191,585,673     100            0      0   3,650,207 
----------------------------  ------------  ------  -----------  -----  ---------- 
 8. To authorise the 
  directors to determine 
  the remuneration 
  of the auditors to 
  the Company                  195,235,881     100            0      0           0 
----------------------------  ------------  ------  -----------  -----  ---------- 
 9. To authorise the 
  Company to make purchases 
  of the 2009 Shares           195,235,881     100            0      0           0 
----------------------------  ------------  ------  -----------  -----  ---------- 
 10. To authorise 
  the Company to make 
  purchases of the 
  2012 Shares                  195,235,881     100            0      0           0 
----------------------------  ------------  ------  -----------  -----  ---------- 
 11. To authorise 
  the directors to 
  disapply pre-emption 
  rights in respect 
  of issues of 2012 
  Shares                       187,749,309   96.17    7,486,572   3.83           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 (http://www.morningstar.co.uk/uk/NSM), and from the Company's website (http://www.bettercapital.gg).

Enquiries:

 
  Enquiries: 
 Better Capital PCC Limited 
  Laurence McNairn (Administrator    [phone] 
  and Company Secretary)              000 
 Powerscourt                         [phone] 
  Justin Griffiths                    1446 
 Numis Securities                    [phone] 
  Nathan Brown                        1426 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 05, 2017 10:00 ET (14:00 GMT)