Anglo African Ag PLC Result of General Meeting and Update

 
TIDMAAAP 
 
30 April 2019                                           For Immediate Release 
 
                         Anglo African Agriculture plc 
 
                           ("AAA" or the "Company") 
 
  Result of General Meeting and update on discussions with the Comarco Group 
 
At the Annual General Meeting of Anglo African Agriculture plc ("AAA" or the 
"Company") held earlier today, 30 April 2019, all resolutions were passed. 
These were as follows: 
 
 1. To receive the accounts for the period ended 31 October 2018, together with 
    the report of the directors and auditors. 
 
 2. To re-elect Andrew Monk as a director. 
 
 3. To reappoint Jeffreys Henry LLP as auditors of the Company 
 
 4. To authorise the directors to determine the auditors' remuneration. 
 
 5. To approve the directors' remuneration policy. 
 
 6. To approve the directors' remuneration report (excluding directors' 
    remuneration policy). 
 
 7. To authorise the directors to allot shares. 
 
 8. To dis-apply pre-emption rights. 
 
The full text of the resolutions can be found in the Notice of Annual General 
Meeting dated 5 April 2019 on the Company's website at www.aaaplc.com. 
 
The Company has worked closely with the Comarco Group for over 6 months since 
the Company advanced Comarco a loan of US$1 million. During this time, and as 
announced by the Company on 30 August 2018, the Company has added significant 
value to Comarco by advancing a restructuring and consolidation of the Comarco 
Group's companies and operations. 
 
There are currently advanced and constructive discussions with Comarco to 
ensure that AAA benefits significantly from both work done and also the future 
upside of the performance of the port and marine operations. AAA will continue 
to focus on consulting and advising the Comarco port and marine operations to 
create significant value for its shareholders. 
 
For further information please contact: 
 
Anglo African Agriculture plc 
 
David Lenigas, Non-Executive Chairman               [phone] 
 
Rob Scott, Executive Director                       [phone] 
 
VSA Capital Limited (Financial Adviser and          [phone] 
Corporate Broker) 
 
Andrew Raca 
 
 
 
END 
 

(END) Dow Jones Newswires

May 03, 2019 08:28 ET (12:28 GMT)