Strategic Equity Cap Company update - requisition

 
TIDMSEC 
 
This announcement contains inside information. 
 
                         Strategic Equity Capital plc 
 
27 March 2017 
 
Company update - requisition 
 
The Board of Strategic Equity Capital plc (the "Company") notes the press 
comment over the weekend and confirms that the Company has received a request 
to requisition a general meeting of the Company from two of its shareholders, 
Ian Armitage and Growth Financial Services Limited, a subsidiary of Harwood 
Capital Management ("Harwood"), representing 5.02 per cent. of the Company's 
issued share capital (the "Requisition"). 
 
The proposed resolution Mr Armitage and Harwood wish to put to a general 
meeting purports to require the Company to use all of its general buyback 
authority taken at the Company's last annual general meeting on 9 November 
2016, to make market purchases of its ordinary shares at not wider than a 5 per 
cent. discount to the prevailing net asset value. 
 
The Company's advisors are seeking clarification on the Requisition to enable 
it to be considered further by the Board.  A further announcement will be made 
in due course. 
 
Enquiries: 
 
Richard Hills (Chairman) 
                                                              0131 538 1400 
 
PATAC Limited (Secretary) 
         0131 538 1400 
 
Canaccord Genuity 
Limited                                                         020 7523 8000 
 
Andrew Zychowski 
 
Lucy Lewis 
 
Buchanan 
020 7466 5000 
 
Richard Darby 
 
Charles Ryland 
 
 
 
END 
 

(END) Dow Jones Newswires

March 27, 2017 02:00 ET (06:00 GMT)