GBGI Limited Result of AGM (3281R)

TIDMGBGI

RNS Number : 3281R

GBGI Limited

13 June 2018

13 June 2018

GBGI Limited ("GBGI" or the "Company")

Results of Annual General Meeting

The Company announces that at the Annual General Meeting ("AGM") of the Company held on 13 June 2018, Resolutions 1 to 17, contained in the Notice of AGM, were duly passed on a poll. Results of the polls were as follows:

 
                                           Votes for            Votes against        Votes 
                                                                                    withheld 
-----------------------------------  ---------------------  --------------------  ---------- 
 Resolution (No. as                     Votes      % votes     Votes     % votes 
  noted on proxy form)                               cast                  cast 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 1 
  To receive and approve 
  the Financial Statements 
  for the year ended 
  31 December 2017.                   50,364,212    100.0        0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 2 
  To re-elect Mr Robert 
  Dubrish as a Director               50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 3 
  To re-elect Mr Eric 
  Dickelman as a Director             50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 4 
  To re-elect Mr Andrew 
  Thorburn as a Director              50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 5 
  To re-elect Mr David 
  Gibson as a Director                43,162,003    85.7     7,202,209    14.3         0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 6 
  To re-elect Mr Murray 
  Wood as a Director                  50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 7 
  To re-elect Mr William 
  Ward as a Director                  50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 8 
  To re-elect Ms Anne 
  Gunther as a Director               50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 9 
  To re-elect Mr Douglas 
  Trussler as a Director              50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 10 
  To re-appoint BDO 
  USA, LLP as Auditor 
  of the Company.                     50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 11 
  To authorise the Directors 
  to determine the Auditor's 
  Remuneration.                       50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 12 
  THAT the directors 
  be authorised to exercise 
  all powers of the 
  Company to make market 
  acquisitions of ordinary 
  shares in the capital 
  of the 
  Company upon the terms 
  set out in Resolution 
  12 of the Notice of 
  AGM.                                50,364,212   100.0         0          0          0 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 13 
  THAT, the directors 
  be authorised to issue, 
  or grant rights to 
  subscribe for or to 
  convert any security 
  into up to 2,328,900 
  Ordinary Shares upon 
  the terms set out 
  in Resolution 13 of 
  the 
  Notice of AGM.                      50,281,845    100.0        0          0       82,367 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 14 
  THAT, the directors 
  be generally and unconditionally 
  authorised to exercise 
  all powers of the 
  Company 
  to issue Ordinary 
  Shares, or grant rights 
  to subscribe for or 
  to convert any security 
  into Ordinary Shares 
  ("Rights"): upon the 
  terms set out in Resolution 
  14 of the Notice of 
  AGM.                                50,281,845    100.0        0          0       82,367 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 15 
  THAT, the directors 
  be generally and unconditionally 
  authorised to exercise 
  all powers of the 
  Company to issue Ordinary 
  Shares or grant Rights 
  up to an amount of 
  10 per cent. of the 
  issued share capital 
  of the Company in 
  pursuance of a share 
  incentive scheme adopted 
  by the Company, upon 
  the terms set out 
  in Resolution 15 of 
  the Notice of AGM.                  50,281,845    100.0        0          0       82,367 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 16 
  THAT, the directors 
  be authorised to issue 
  Ordinary Shares and/or 
  grant Rights wholly 
  for cash or otherwise 
  pursuant to the authorities 
  conferred on the directors 
  pursuant to Resolutions 
  13, 14 and 15 above 
  as if the pre-emption 
  provisions contained 
  in the Articles did 
  not apply upon the 
  terms set out in Resolution 
  18 of the Notice of 
  AGM.                                50,281,845    100.0        0          0       82,367 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 Resolution 17 
  THAT the Articles 
  be amended so as to 
  be replaced in their 
  entirety with the 
  form contained in 
  the printed document 
  attached to the Notice 
  of AGM, with effect 
  on and from 1 July 
  2018.                               43,079,636    85.7     7,202,209    14.3      82,367 
-----------------------------------  -----------  --------  ----------  --------  ---------- 
 

Enquiries:

Canaccord Genuity (Nominated Adviser, Financial Adviser and Broker)

Sunil Duggal

Andrew Buchanan

Emma Gabriel

[phone]

Instinctif Partners (Financial PR)

Giles Stewart or Lewis Hill

[e-mail]

[phone]

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June 13, 2018 12:12 ET (16:12 GMT)