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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cip Merchant Capital Limited | LSE:CIP | London | Ordinary Share | GG00BF8NW879 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.00 | 35.00 | 65.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCIP
RNS Number : 4564L
CIP Merchant Capital Ltd
10 September 2021
10 September 2021
CIP MERCHANT CAPITAL LIMITED
("CIP Merchant Capital" or the "Company")
Result of AGM
CIP Merchant Capital announces the results of its Annual General Meeting ("AGM") held at 11.00 a.m. today. Resolutions 1 to 7, and 10, were duly passed by way of a poll.
As per the announcement on 2 September 2021, Resolutions 8 and 9 did not form part of the business of the AGM. As a result of this, any votes received on Resolutions 8 and 9 were disregarded. The Company confirms that Messrs Fumagalli and Sgarbi have therefore retired from the Board of Directors of the Company with effect from today's date.
As Resolution 11 was not passed, the Company will not be able to buy back any of its own ordinary shares in the market until such a resolution is passed at a future general meeting of the Company. Whilst the Board had no present intention to exercise such general authority to buy back shares had it been approved, the Board believes it would have provided them with greater flexibility when considering how best to address any imbalance between the supply of and demand for its ordinary shares. Accordingly, the Board will engage with the relevant shareholders in regard to Resolution 11.
The results of the AGM are as follows:
ORDINARY TOTAL % OF ISSUED VOTES WITHHELD* RESOLUTIONS FOR AGAINST VOTES SHARE CAPITALVOTED Votes % Votes % ----------- ------ ----------- ------ 1. To receive Company's Annual Report and Audited Financial Statements for the period ended 31 December 2020. 23,075,357 99.94 15,000 0.06 23,090,357 41.98 9,803 ----------- ------ ----------- ------ ----------- -------------------- ---------------- 2. To re-appoint BDO Limited as auditor to the Company. 23,075,357 99.94 15,000 0.06 23,090,357 41.98 9,803 ----------- ------ ----------- ------ ----------- -------------------- ---------------- 3. To authorise the Directors of the Company to determine the remuneration of the auditor. 23,075,357 99.94 15,000 0.06 23,090,357 41.98 9,803 ----------- ------ ----------- ------ ----------- -------------------- ---------------- 4. To authorise the Directors of the Company to determine the renumeration of the Directors. 22,971,357 99.55 104,000 0.45 23,075,357 41.96 24,803 ----------- ------ ----------- ------ ----------- -------------------- ---------------- 5. To re-elect Mr Adrian Collins as a Director of the Company. 22,990,357 99.63 85,000 0.37 23,075,357 41.96 24,803 ----------- ------ ----------- ------ ----------- -------------------- ---------------- 6. To re-elect Mr Robert King as a Director of the Company. 22,989,357 99.63 85,000 0.37 23,074,357 41.95 25,803 ----------- ------ ----------- ------ ----------- -------------------- ---------------- 7. To re-elect Mr John Falla as a Director of the Company. 22,989,357 99.63 85,000 0.37 23,074,357 41.95 25,803 ----------- ------ ----------- ------ ----------- -------------------- ---------------- 8. Void N/A --------------------------------------------------------------------------------------------- 9. Void N/A --------------------------------------------------------------------------------------------- 10. To elect Mr Piero Sansalone as a Director of the Company. 18,527,830 80.29 4,547,527 19.71 23,075,357 41.96 24,803 ----------- ------ ----------- ------ ----------- -------------------- ---------------- 11. To authorise the Company to make market acquisitions of its own Shares. 7,839,843 33.94 15,259,317 66.06 23,099,160 42.00 1,000 ----------- ------ ----------- ------ ----------- -------------------- ----------------
*A 'vote withheld' is not a vote in law and is not counted towards the proportion of votes 'for' and 'against' a resolution.
As at the date of the AGM, the number of ordinary shares in issue, and therefore the total number of voting rights was 55,000,000.
For further information:
CIP Merchant Capital Independent Non-Executive Directors and Company Secretary c/o Maitland Administration (Guernsey) + 44 1481 749 Limited 360 Merchant Capital Manager Limited (Investment Manager) Wikus Van Schalkwyk +44 20 7409 3494 Strand Hanson Limited (Nominated Adviser and Broker) James Bellman / Matthew Chandler / Ritchie Balmer +44 20 7409 3494
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(END) Dow Jones Newswires
September 10, 2021 11:00 ET (15:00 GMT)
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