Ten Entertainment Group PLC Results of a General Meeting (4476H)

TIDMTEG

RNS Number : 4476H

Ten Entertainment Group PLC

07 June 2017

7 June 2017

Ten Entertainment Group Plc

('Company')

Results of a General Meeting

At a General Meeting of the Company today, the Board's recommendation for a capital reduction was approved by shareholders. Subject to the High Court and other necessary approvals, this result will enable the Company to increase its distributable reserves by approximately GBP38.2m and support future dividend payments.

The resolutions were passed on a poll and the results are shown below.

 
 Resolution        Nature                 For              Against                    Withheld 
   Number       of Resolution 
-----------  ------------------  --------------------  ---------------  -----------  ---------  ------- 
                                    Votes       %age    Votes    %age      Total       Votes      %age 
                                                 of               of        votes                  of 
                                                votes            votes      cast                   ISC 
                                                cast             cast                             voted 
-----------  ------------------  -----------  -------  ------  -------  -----------  ---------  ------- 
              To: 
               (a) grant 
               the directors 
               of the 
               Company 
               authority 
               to capitalise 
               the Company's 
               merger 
               reserve 
               and to 
               allot 
               B ordinary 
               shares 
               in the 
               capital 
               of the 
               Company; 
               and 
               (b) set 
               out the 
               rights 
               and restrictions 
               which 
               shall 
               apply 
               to the 
               B ordinary 
     1         shares.            57,902,776   100.00     0      0.00    57,902,776      0       89.08 
-----------  ------------------  -----------  -------  ------  -------  -----------  ---------  ------- 
              Approval 
               of a capital 
               reduction 
               by way 
               of the 
               cancellation 
               of all 
               of the 
               B ordinary 
               shares 
     2         in issue.          57,902,776   100.00     0      0.00    57,902,776      0       89.08 
-----------  ------------------  -----------  -------  ------  -------  -----------  ---------  ------- 
 

Notes:

1. Any proxy votes which were at the discretion of the Chairman have been included in the "for" total.

2. The issued share capital as at 10.30 a.m. on 5 June 2017 was 65,000,000 ordinary shares of 1p each and the number of votes per share is one. This figure has been used to calculate the percentage of issued share capital voted.

Both of the resolutions were passed as special resolutions. As required by the Listing Rules, a copy of all the resolutions passed, other than those concerning ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.do.

The form of each of the above resolutions as passed accords with the corresponding item on the Notice of General Meeting which is available for viewing or downloading from the Company's website www.tegplc.co.uk. A copy of any or all of the resolutions may be obtained by writing to the Company Secretary at the Registered Office: Ten Entertainment Group Plc, Aragon House, University Way, Cranfield Technology Park, Cranfield, Bedford MK43 0EQ.

Mark Willis

Company Secretary

For further information please contact:

 
 Ten Entertainment Group          via Instinctif 
  plc                              Partners 
  Alan Hand, Chief Executive 
  Officer 
  Mark Willis, Chief Financial 
  Officer 
 Instinctif Partners 
  Matthew Smallwood 
  Guy Scarborough                 020 7457 2020 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 07, 2017 09:45 ET (13:45 GMT)