Hygea VCT plc Hygea Vct Plc : Result Of Gm

 
TIDMHYG 
 
 
   HYGEA VCT PLC 
 
   General Meeting Results 
 
   19 January 2018 
 
   This announcement is made by Hygea vct plc (the "Company") in connection 
with the share restructuring to be effected by the Company and the offer 
for subscription (the "Offer") of new "B" shares of 1p each in the 
capital of the Company (the "New "B" Shares"). 
 
   The Board is pleased to announce that at the general meeting of the 
Company held on 19 January 2018, the resolutions proposed in connection 
the Offer and other matters, as set out in the circular to shareholders 
dated 15 December 2017 (with the exception of the Resolution mentioned 
below), were duly passed on a show of hands as follows: 
 
   Resolution 1 - to adopt revised articles of association; 
 
   Resolution 2 - to disapply pre-emption rights in relation to the issue 
of New "B" Shares; 
 
   Resolution 3 - to approve the cancellation of the share premium account 
of the Company (subject to the sanction of the Court); 
 
   Resolution 4 - to authorise the Company to make market purchases of New 
"B" Shares; 
 
   Resolution 6 - to authorise the directors to allot New "B" Shares; and 
 
   Resolution 7 - to approve a restated investment policy. 
 
   In relation to Resolution 5, consideration of this resolution was 
deferred to the end of the meeting and following further deliberation in 
relation to the sub-division of the Ordinary Shares and the buyback of 
the deferred shares, the Chairman proposed, and the meeting agreed, that 
consideration of this resolution be deferred to an adjourned meeting to 
take place on Monday 29 January 2018 at 12.00 noon at the offices of 
Howard Kennedy LLP, at No.1 London Bridge, London SE1 9BG. 
 
   A copy of the resolutions passed at the above meeting will shortly be 
available for inspection on both the Company's website 
(www.hygeavct.com) as well as at the National Storage Mechanism 
(www.morningstar.co.uk/uk/NSM). 
 
   The votes and proxies received were as follows: 
 
 
 
 
Resolution        For            Against       Discretion     Abstain 
                Votes      %    Votes      %   Votes     %  Votes     % 
1           2,446,769  97.18    3,000   0.12  68,000  2.70      0     0 
2           2,431,769  96.58    6,000   0.24  71,000  2.82  9,000  0.36 
3           2,430,769  96.54   13,000   0.52  71,000  2.82  3,000  0.12 
4           2,004,769  79.62  445,000  17.67  68,000  2.70      0     0 
6           2,425,769  96.35   21,000   0.83  68,000  2.70  3,000  0.12 
7           2,443,769  97.06    3,000    012  68,000  2.70  3,000  0.12 
 
 
   Enquiries: 
 
   John Hustler, Hygea vct plc at [e-mail] 
 
   Roland Cornish, Beaumont Cornish Limited on 020 7628 3396 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Hygea VCT plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

January 19, 2018 11:18 ET (16:18 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.