Ediston Property Inv Comp PLC Result of General Meeting (4099Z)

TIDMEPIC

RNS Number : 4099Z

Ediston Property Inv Comp PLC

11 January 2024

 
 Ediston Property Investment Company plc 
 
  LEI Number: 213800JRL87EGX9TUI28 
 
  11 January 2024 
                                        Result of General Meeting 
 
                      Further to the circular (the "Circular") and notice of General 
                     Meeting (the "Notice") to shareholders published on 20 December 
                     2023 by Ediston Property Investment Company plc (the "Company"), 
                     the board of directors of the Company announces that the special 
                   resolution to place the Company into members' voluntary liquidation, 
                       as set out in the Notice, was voted on by way of a poll and 
                      approved by the Company's shareholders at the General Meeting 
                     held earlier today. Accordingly, Derek Hyslop and Richard Barker 
                      of Ernst & Young LLP have been appointed as joint liquidators 
                                   of the Company (the "Liquidators"). 
 
                     The votes received for and against the resolution and the number 
                                    of votes withheld were as follows: 
    Resolution         Votes         % (of      Votes       % (of        Total          %         Votes 
                  For (including     votes     Against     votes         votes                  Withheld 
                             discretionary)     cast                cast excl.   cast (excl. 
                                                 excl.               withheld)     withheld) 
                                                                 withheld) 
                                                                                           (issued 
                                                                                            share 
                                                                                          capital) 
                                                To approve 
                                                    the 
                                                  members' 
                                                 voluntary 
                                                liquidation 
                                                   of the 
                                                  Company, 
                                                appoint the 
                                                Liquidators 
                                                 and grant 
                                                    the 
                                                Liquidators 
                                                  certain 
    powers.         95,848,743       99.66     324,368      0.34      96,173,111     45.51       61,340 
                 ---------------  ----------  --------  -----------  ------------  ----------  --------- 
 
 
                   The full text of the resolution can be found in the Notice contained 
                      in the Circular. The Circular is available for viewing on the 
           National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 
                           and on the Company's website at www.epic-reit.com . 
 
                                  Suspension and Cancellation of Shares 
                      As set out in the Circular, the Company's Ordinary Shares were 
                       suspended from listing on the Official List of the Financial 
                       Conduct Authority and from trading on the main market of the 
                       London Stock Exchange at 7.30 a.m. this morning, 11 January 
                              2024, in anticipation of the General Meeting. 
 
                      Applications have been made to the Financial Conduct Authority 
                       and to the London Stock Exchange for the cancellation of the 
                  listing and admission to trading of the Ordinary Shares, respectively, 
                              with effect from 8.00 a.m. on 12 January 2024. 
 
                                           Initial Distribution 
                      As set out in the Circular, the Liquidators expect to make an 
                      initial distribution to shareholders within five Business Days 
                    of the Company having entered into members' voluntary liquidation 
                                      (the "Initial Distribution"). 
 
                      It is expected that the Initial Distribution will be not less 
                      than 69.0 pence per Ordinary Share and will comprise the vast 
                                    majority of the Company's assets. 
 Defined terms used in this announcement have the meanings given 
  to them in the Circular unless the context otherwise requires. 
 
  Enquiries: 
  Liquidators + 44 (0)131 777 2000 
  Derek Hyslop 
  Richard Barker 
 
 

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January 11, 2024 06:34 ET (11:34 GMT)