Distribution Finance Cap. Hldgs PLC GM Statement (3630Y)

TIDMDFCH

RNS Number : 3630Y

Distribution Finance Cap. Hldgs PLC

08 September 2020

8 September 2020

For Immediate Release

DISTRIBUTION FINANCE CAPITAL HOLDINGS PLC (the "Company")

RESULTS OF GENERAL MEETING

Introduction

Further to the announcement on 21 August 2020, the Company is pleased to announce that at its General Meeting held earlier today, all resolutions were duly passed.

Accordingly, the Company has today:

-- authorised the issue and allotment of 4,906,776 Subscription Shares (being equal to the number of Buy-back Shares) at 1 pence per Subscription Share, the proceeds of which will enable the Company to fund the Buy-backs out of a fresh issue of shares;

   --    approved the terms of the EBT Buy-back Agreement and the Watrium Buy-back Agreement; and 
   --    authorised the allotment of the Subscription Shares on a non pre-emptive basis. 

Admission to Trading on AIM and Completion of the Buy-backs and Subscription

As set out in the announcement on 21 August 2020, application for admission to trading of the Subscription Shares has been made and it is anticipated that Admission will take place at 8.00 a.m. on 9 September 2020. The Buy-backs and the Subscription will both complete on Admission, whereupon the Ordinary Shares transferred to the Company pursuant to the Buy-backs will be immediately cancelled, and therefore the issued share capital of the Company will be the same before and after Admission.

Terms used in this announcement shall have the same meanings as those defined in the announcement on 21 August 2020.

[1] As set out in the Circular, the EBT did not vote its shares which are the subject of the EBT Buy-back on resolution 2 and Watrium did not vote its shares which are the subject of the Watrium Buy-back on resolution 3.

The full details of the votes cast are as follows:

 
                                                                       Votes Cast                                    % of Votes Cast 
              No.                Resolution                    For                    Against                  For                 Against 
                   -------------------------  ------------------------  ---------------------    ------------------  --------------------- 
              Ordinary Resolution 
                                 To 
                                 authorise 
                                 the 
                                 directors 
                                 to allot 
                                 Ordinary 
                                 Shares 
                                 under 
                                 section 551 
              1                  of Act                     88,646,742                0                        100%                0% 
                   -------------------------  ------------------------  ---------------------    ------------------  --------------------- 
              Special Resolutions 
                                 To 
                                 authorise 
                                 the Company 
                                 to make an 
                                 off market 
                                 purchase 
                                 of its own 
                                 Ordinary 
                                 Shares 
                                 from the 
              2                  EBT                        88,646,742                0                        100%                0% 
                   -------------------------  ------------------------  ---------------------    ------------------  --------------------- 
              3                  To                         88,646,742                0                        100%                0% 
                                 authorise 
                                 the Company 
                                 to make an 
                                 off market 
                                 purchase 
                                 of its own 
                                 Ordinary 
                                 Shares 
                                 from 
                                 Watrium 
                   -------------------------  ------------------------  ---------------------    ------------------  --------------------- 
              4                  To disapply                88,646,742                0                        100%                0% 
                                 statutory 
                                 pre-emption 
                                 rights 
                                 under 
                                 section 570 
                                 of the Act 
                   -------------------------  ------------------------  ---------------------    ------------------  --------------------- 
 

Enquiries:

 
 Distribution Finance Capital Holdings plc 
 Sarah Clark - Company Secretary              [phone] 
 http://www.dfcapital-investors.com 
 Macquarie Capital (Europe) Limited (NOMAD 
  and broker) 
 Alex Reynolds                                [phone] 
 Jonny Allison 
 Blue Pool Communications (Financial PR) 
                                              [phone] 
 Nick Lord                                     083 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMKKFBDKBKDPCK

(END) Dow Jones Newswires

September 08, 2020 06:17 ET (10:17 GMT)