Image Scan Holdings PLC Result of General Meeting (7278Z)

TIDMIGE

RNS Number : 7278Z

Image Scan Holdings PLC

04 September 2018

04 September 2018

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain

IMAGE SCAN HOLDINGS PLC

("Image Scan" or the "Company")

Result of General Meeting

The Board of Directors of Image Scan announce that the resolutions of General Meeting dated 4 September 2018 were not passed following receipt of a proxy against the resolutions by its largest shareholder, Rise Step International Development Ltd ("Rise Step").

Details of the votes cast were as follows:

 
 Resolution            Votes For    %       Votes Against   %       Votes Abstained 
 Ordinary 
  Resolution 
  1                    22,734,648   42.3%   31,021,311      57.7%   3,540 
                      -----------  ------  --------------  ------  ---------------- 
 Special Resolution 
  2                    22,654,884   42.2%   30,981,311      57.8%   123,304 
                      -----------  ------  --------------  ------  ---------------- 
 Special Resolution 
  3                    22,762,884   42.4%   30,977,311      57.6%   19,304 
                      -----------  ------  --------------  ------  ---------------- 
 

Bill Mawer, Chairman and Chief Executive Officer of Image Scan commented: "It is disappointing that, despite an extended face to face meeting with the shareholder involved, we were unable to achieve a positive vote for the resolutions required to complete the acquisition of Todd Research at this time. However we remain confident in our product range and the markets we serve, and will continue to drive the business forward by other means."

-ENDS-

For further information, please contact:

Image Scan Holdings plc Tel: [phone]

William Mawer, Chairman and Chief Executive Officer

Sarah Atwell-King, Company Secretary

[e-mail]

Cantor Fitzgerald Europe Tel: [phone]

Rick Thompson / Will Goode/ Michael Boot (Corporate Finance)

Caspar Shand Kydd (Sales)

About Image Scan Holdings plc

Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time X-ray solutions for use in the global Security and Industrial inspection markets. The Company's Security portfolio includes the ThreatScan(R) range of portable bomb and suspect package detection systems; the Axis range of baggage inspection systems; and SVXi, a small vehicle inspection system. The Industrial inspection solutions include the MDXi product range, cabinet X-ray systems for laboratories and production lines. The Company was founded in 1996 and joined AIM in 2002.

For further information on the Company, please visit: www.ish.co.uk - and for further information on its products, please visit: www.3dx-ray.com

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END

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September 04, 2018 06:52 ET (10:52 GMT)