Terra Capital PLC EGM Results (9766X)

TIDMTCA

RNS Number : 9766X

Terra Capital PLC

28 February 2017

28(th) February 2017

TERRA CAPITAL PLC ("the Company")

EGM Results

Terra Capital plc (AIM:TCA) announces that at the Extraordinary General Meeting ("EGM") held on 27(th) February at 1.00pm, the following resolution was duly passed, with 56% of the shares in issue being voted in favour of the resolution and none against:

ORDINARY RESOLUTION

Resolution 1

THAT the Company be authorised to make market purchases of Ordinary Shares,provided that:

(i) the maximum number of Ordinary Shares authorised to be purchased is

6,829,924 of the Ordinary Shares in issue at the time of the passing of the

resolution;

(ii) the maximum price and the minimum price which may be paid for any ordinary

share is US$0.98; and

(iii) the authority shall expire on the conclusion of the next annual general meeting or

18 months after the passing of the resolution.

Following the passing of this resolution, the Tender Offer, as set out in the circular dated 3 February 2017, will proceed in accordance with the terms as set out in the circular.

For more information, please visit www.terracapitalplc.com or contact:

Galileo Fund Services Limited (Administrator)

Frazer Pickering

[phone]

Panmure Gordon (UK) Limited (Nominated adviser and corporate broker)

Paul Fincham or Jonathan Becher

[phone]

Terra Capital plc.

Ian Dungate, Director

[phone]

NOTES:

Terra Capital plc is an AIM quoted investment company focussed on generating high absolute returns while attempting to keep volatility to a minimum. The Fund predominantly invests in under-researched and under-valued companies listed on Frontier Market stock exchanges. The Fund Manager targets for investment companies that it believes are trading for less than their intrinsic worth and so, aside from any potential growth prospects, provide scope for capital appreciation as a result of a reversion towards their underlying value. Investments are also made in companies which are viewed as trading at fair value but which offer opportunities for growth at a reasonable price. The Investment Manager believes many such 'value' opportunities can be found in Frontier Markets due to inherent market inefficiencies in such markets. The Manager utilises in-house teams of its own analysts, resident on the ground in areas of interest to investigate suitable opportunities rather than rely on third party research.

END

This information is provided by RNS

The company news service from the London Stock Exchange

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February 28, 2017 02:00 ET (07:00 GMT)