Better Capital PCC Limited Result of AGM (1662M)

TIDMBC12 TIDMBCAP

RNS Number : 1662M

Better Capital PCC Limited

12 September 2019

12 September 2019

Better Capital PCC Limited

(the "Company")

Results of Annual General Meetings

The Company is pleased to announce that each resolution was duly passed without amendment at the annual general meeting of the holders of the 2009 Shares, the annual general meeting of the holders of the 2012 Shares and the annual general meeting of all shareholders, each annual general meeting being held on 12 September 2019.

In addition, the Board are pleased to confirm that the 2009 Cell shareholders have resolved to confirm the proposed extension of BECAP Fund LP ("Fund 1") from the current termination date of 17 December 2019 to 17 June 2021.

The proxy votes received by the Company prior to the annual general meetings were as follows:

Annual General Meeting of the holders of the 2009 Shares

 
 Resolution                      Votes for (including     Votes against     Votes withheld* 
                                    discretionary) 
                                       Number        %      Number      % 
                               --------------  -------  ----------  ----- 
 1. To approve an extension 
  of the life of Fund 1 from 
  the current termination 
  date of 17 December 2019 
  to 17 June 2021                  21,684,124    92.64   1,722,354   7.36                 0 
                               --------------  -------  ----------  -----  ---------------- 
 

Annual General Meeting of the holders of the 2012 Shares

 
 Resolution                      Votes for (including     Votes against    Votes withheld* 
                                    discretionary) 
                                         Number      %       Number    % 
                               ----------------  -----  -----------  --- 
 1. To authorise the Company 
  to make purchases of the 
  2012 Shares                       112,354,818    100            0    0                 0 
                               ----------------  -----  -----------  ---  ---------------- 
 

Annual General Meeting of all shareholders

 
 Resolution                         Votes for (including     Votes against**    Votes withheld* 
                                      discretionary)** 
                                          Number        %       Number      % 
                                  --------------  -------  -----------  ----- 
 1. To receive the report 
  of the directors and audited 
  accounts for the year ended 
  31 March 2019                      137,151,435      100            0      0                 0 
                                  --------------  -------  -----------  -----  ---------------- 
 2. To approve the directors' 
  remuneration for the year 
  ended 31 March 2019                137,148,597        0        2,838      0                 0 
                                  --------------  -------  -----------  -----  ---------------- 
 3. To re-appoint Richard 
  Battey as a director               137,151,435      100            0      0                 0 
                                  --------------  -------  -----------  -----  ---------------- 
 4. To re-appoint Philip 
  Bowman as a director               137,151,435      100            0      0                 0 
                                  --------------  -------  -----------  -----  ---------------- 
 5. To re-appoint Richard 
  Crowder as a director              130,058,847    94.83    7,092,588   5.17                 0 
                                  --------------  -------  -----------  -----  ---------------- 
 6. To re-appoint Jon Moulton 
  as a director                      137,148,597    99.98        2,838      0                 0 
                                  --------------  -------  -----------  -----  ---------------- 
 
 
 7. To re-appoint BDO Limited 
  as auditors to the Company         137,148,597      100            0      0             2,838 
                                  --------------  -------  -----------  -----  ---------------- 
 8. To authorise the directors 
  to determine the remuneration 
  of the auditors to the 
  Company                            137,132,428    99.99       16,169   0.01             2,838 
                                  --------------  -------  -----------  -----  ---------------- 
 9. To authorise the Company 
  to make purchases of the 
  2012 Shares                        137,151,435      100            0      0                 0 
                                  --------------  -------  -----------  -----  ---------------- 
 

* A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the relevant resolution.

** The number of proxy votes in relation to the annual general meeting of all shareholders of the Company has been calculated in accordance with the Company's articles of incorporation. The Company's articles of incorporation provide that at any general meeting of all shareholders of the Company:

1. each holder of 2009 Shares who is present in person shall have one vote and on a poll the vote shall be weighted where a vote cast in relation to each 2009 Share shall count as 1.1096 towards the total number of votes cast; and

2. each holder of 2012 Shares who is present in person shall have one vote and on a poll the vote shall be weighted where a vote cast in relation to each 2012 Share shall count as 0.9770 towards the total number of votes cast.

The full text of all the resolutions can be found in the Notices of Annual General Meetings which is available for viewing at the National Storage Mechanism (http://www.morningstar.co.uk/uk/NSM), and from the Company's website (http://www.bettercapital.gg).

Enquiries:

 
  Enquiries: 
 Better Capital PCC Limited 
  Norman Amey (Administrator and Company 
  Secretary)                                [phone] 
 Numis Securities 
  Nathan Brown                              [phone] 
 

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END

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September 12, 2019 09:23 ET (13:23 GMT)