Result of EGM

 

TIDMCR3 TIDMCR. TIDMCR2 
 
RNS Number : 3244V 
Core VCT III PLC 
08 July 2009 
 

Core VCT III plc 
 
 
EGM and Class Meetings Results 
 
 
8 July 2009 
 
 
The board ("Board") of Core VCT III plc ("the Company") announces that at the 
Extraordinary General Meeting of the Company held on 7 July 2009, the 
resolutions proposed in connection with the proposed merger with Core VCT I plc 
("VCT I") and Core VCT II plc ("VCT II") (to be completed by way of schemes of 
reconstruction of VCT I and VCT II pursuant to Section 110 of the Insolvency Act 
1986 ("Schemes") as follows were duly passed. 
 
 
Resolution 1 which was a composite resolution to: (i) approve the acquisition of 
the assets and liabilities of Core VCT I plc and Core VCT II plc pursuant to the 
Schemes; (ii) adjust holdings in existing B Shares issued in the Company subject 
to the Schemes becoming effective; (iii) authorise the issue of the new shares 
in connection with the Schemes; (iv) amend the Articles of Association and (v) 
change the name of the Company to Core VCT plc; 
 
 
Resolution 2 to renew share allotment and buy-back authorities; and 
 
 
Resolution 3 to approve the cancellation of the share premium account 
 
 
Details of the proxy votes in respect of the resolutions passed at the 
Extraordinary General Meeting received are set out below: 
 
 
+-----------------+-------------------+-------------------+-------------------+ 
| Votes           |   Resolution 1    |   Resolution 2    |   Resolution 3    | 
+-----------------+-------------------+-------------------+-------------------+ 
| For             |    3,094,231      |    1,747,548      |    1,752,698      | 
|                 |     (93.48%)      |     (92.38%)      |     (92.65%)      | 
+-----------------+-------------------+-------------------+-------------------+ 
| Against         |  9,033 (0.27%)    |  20,612 (1.09%)   |  15,462 (0.82%)   | 
+-----------------+-------------------+-------------------+-------------------+ 
| Discretionary   |  207,053 (6.25%)  |  123,468 (6.53%)  |  123,468 (6.53%)  | 
+-----------------+-------------------+-------------------+-------------------+ 
| Withheld        |        -          |        -          |        -          | 
+-----------------+-------------------+-------------------+-------------------+ 
 
 
The Board further announces that at a class meeting of the holders of Ordinary 
Shares of the Company also held on 7 July 2009 a resolution approving resolution 
1 at the Extraordinary General Meeting and the variation to class right 
resulting therefrom was duly passed. Details of the proxy votes received in 
respect of the resolution passed at the meeting of the holders of Ordinary 
Shares are set out below: 
+-----------------+-------------------+ 
| Votes           |    Resolution     | 
+-----------------+-------------------+ 
| For             | 2,007,339         | 
|                 | (93.98%)          | 
+-----------------+-------------------+ 
| Against         | 10,312 (0.48%)    | 
+-----------------+-------------------+ 
| Discretionary   | 118,318 (5.54%)   | 
+-----------------+-------------------+ 
| Withheld        | -                 | 
+-----------------+-------------------+ 
 
 
The Board further announces that at a class meeting of the holders of B Ordinary 
Shares of the Company also held on 7 July 2009 a resolution approving resolution 
1 at the Extraordinary General Meeting and the variation to class right 
resulting therefrom was duly passed. Details of the proxy votes received in 
respect of the resolution passed at the meeting of the holders of B Ordinary 
Shares are set out below: 
+-----------------+-------------------+ 
| Votes           |    Resolution     | 
+-----------------+-------------------+ 
| For             | 1,264,707         | 
|                 | (94.31%)          | 
+-----------------+-------------------+ 
| Against         | 3,871 (0.29%)     | 
+-----------------+-------------------+ 
| Discretionary   | 72,474 (5.40%)    | 
+-----------------+-------------------+ 
| Withheld        | -                 | 
+-----------------+-------------------+ 
 
 
A copy of the resolutions passed at the Extraordinary General Meeting, Ordinary 
Share Class Meeting, and B Share Class Meeting will be submitted to the UK 
Listing Authority and will shortly be available for inspection at the UK Listing 
Authority's Document Viewing Facility, which is situated at: 
 
 
Financial Services Authority 
25 The North Colonnade 
Canary Wharf 
London 
E14 5HS 
 
 
Telephone: [phone] 
 
 
For further enquiries please contact: 
 
 
David Russell of Maven Capital Partners UK LLP 
Company Secretary 
 
 
Telephone: [phone] 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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