European Wealth Group Limited Result of EGM (2333D)

TIDMEWG

RNS Number : 2333D

European Wealth Group Limited

29 January 2018

European Wealth Group Limited

(the "Company")

Results of EGM

European Wealth Group Limited (AIM: EWG, EWGL), the integrated wealth management group, announces that at the Extraordinary General Meeting held earlier today all Resolutions were duly passed, including Resolution 3 to approve the Company's intention to change its name to Kingswood Holdings Limited, in respect of which a further announcement will be made at the appropriate time. A poll was held on each of the Resolutions proposed at the Extraordinary General Meeting.

The results of the poll are set out below:

Resolution 1

To authorise the Directors to issue up to (and including) 343,703,703 ordinary shares of 5 pence each in the share capital of the Company pursuant to the exercise of the Conversion Rights contained in the Facilities Agreement (or such higher number of ordinary shares as is necessary in order to give effect to the Conversion Rights contained in the Facilities Agreement), as if article 2.2 of the articles of incorporation of the Company and any pre-emption rights included therein did not apply to the issue, with such authority to expire on the fifth anniversary of the passing of this Resolution 1:

 
 Votes for            Votes against      Total votes cast   Votes withheld   Result 
-------------------  -----------------  -----------------  ---------------  ------------------- 
 69,116,003 (94.7%)   3,868,389 (5.3%)   72,984,392         5,682,610         Resolution passed 
-------------------  -----------------  -----------------  ---------------  ------------------- 
 

Resolution 2

To approve the waiver by the Panel on Takeovers and Mergers of any requirement on KPI (Nominees) Limited to make a general offer for the ordinary issued share capital of the Company, as a result of the issue to KPI (Nominees) Limited of any ordinary shares in the capital of the Company arising on the exercise of the Kingswood Conversion Rights:

 
 Votes for            Votes against       Total votes cast   Votes withheld   Result 
-------------------  ------------------  -----------------  ---------------  ------------------- 
 25,126,088 (86.7%)   3,868,389 (13.3%)   28,994,477         5,682,610         Resolution passed 
-------------------  ------------------  -----------------  ---------------  ------------------- 
 

Resolution 3

To approve that the Company changes its name to "Kingswood Holdings Limited" (with effect from the completion of the Newbridge Acquisition):

 
 Votes for            Votes against      Total votes cast   Votes withheld   Result 
-------------------  -----------------  -----------------  ---------------  ------------------- 
 77,454,505 (98.5%)   1,212,497 (1.5%)   78,667,002         0                 Resolution passed 
-------------------  -----------------  -----------------  ---------------  ------------------- 
 

For further details, please contact:

 
 European Wealth Group     [phone] 
  Limited                   2368 
 Marianne Ismail 
  Hugo Evans 
 finnCap Ltd (Nomad 
  and Broker)              [phone] 
 Adrian Hargrave 
  Scott Mathieson 
  Anthony Adams 
 Redleaf Communications   [phone] 
 Emma Kane 
  Robin Tozer 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 29, 2018 09:30 ET (14:30 GMT)