Amati VCT PLC Results of General Meeting (1891N)

TIDMATI

RNS Number : 1891N

Amati VCT PLC

04 May 2018

Amati VCT plc

Results of General Meeting

At a general meeting of Amati VCT plc (the "Company") held at the offices of Rooney Nimmo, 8 Walker Street, Edinburgh EH3 7LA on 4 May 2018 at 11.00am the following special resolution was passed:

THAT:

(A) subject to the fulfilment of the conditions (other than the passing of this resolution) set out in section 11 of the Scheme contained in Part III of the circular to the shareholders of the Company dated 9 March 2018, a copy of which has been produced to the meeting and signed for the purpose of identification by the Chairman thereof (the "Circular"):

(i) the Company be wound up voluntarily under the provisions of the Insolvency Act 1986 and Keith Marshall and Gareth Harris of RSM Restructuring Advisory LLP, Fifth Floor, Central Square, 29 Wellington Street, Leeds LS1 4DL (the "Liquidators") are hereby appointed as liquidators of the Company for the purposes of such winding up with power to act for the purpose of winding up the affairs and distributing the assets of the Company in accordance with the Scheme under the provisions of the Insolvency Act 1986, and any power conferred on them by law or this resolution and any act required or authorised under any enactment to be done jointly or by each of them alone;

(ii) the remuneration (plus VAT) of the Liquidators be fixed by reference to the time properly spent by them and their staff in attending to matters arising prior to or during the winding up of the Company (including, without limitation, the implementation of the Scheme and any matters outside the statutory duties of the Liquidators and undertaken at the request of the members or a majority of them) and the Liquidators be and are hereby authorised to draw such remuneration monthly or at such longer intervals as they may determine and to pay any expenses properly incurred by them to give effect to the Scheme;

(iii) the Company's books and records be held by the investment manager of Amati VCT 2 plc to the order of the Liquidators until the expiry of 12 months after the date of dissolution of the Company, when they may be disposed of, save for financial and trading records which shall be kept for a minimum of six years following the vacation of the Liquidators from office;

(iv) the Liquidators be empowered and directed to carry into effect the provisions of the Articles; and

(v) the Liquidators be and are hereby authorised pursuant to section 165 of the Insolvency Act 1986 to exercise the powers set out in Part 1 of Schedule 4 to that Act and to divide among the members in specie the whole or any part of the assets of the Company; and

(B) Terms defined in the Circular have the same meanings in this resolution, save where the context otherwise requires.

Proxy votes cast were as follows:

 
       Resolution                                For & 
                                         Discretionary     Against     Withheld 
----  -------------------------------  ---------------  ----------  ----------- 
       Wind up Amati VCT voluntarily 
 A.     and appoint the Liquidators.        15,749,385     268,050      217,907 
----  -------------------------------  ---------------  ----------  ----------- 
 

The Board of the Company consider this announcement to contain market sensitive information.

For further information, please contact Doreen Nic on 0131 5107465 or email [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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May 04, 2018 06:34 ET (10:34 GMT)