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LSAA Life Settlement Assets Plc

1.625
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Life Settlement Assets Plc LSE:LSAA London Ordinary Share GB00BF1Q4B05 ORD SHS USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.625 1.50 1.75 1.625 1.625 1.625 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 8.85M 599k 0.0120 135.00 80.72M

Life Settlement Assets PLC Result of Meeting (2333L)

29/04/2020 7:00am

UK Regulatory


Life Settlement Assets (LSE:LSAA)
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From Mar 2019 to Mar 2024

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TIDMLSAA TIDMLSAB TIDMLSAD TIDMLSAE

RNS Number : 2333L

Life Settlement Assets PLC

29 April 2020

Life Settlement Assets PLC

LEI: 2138003OL2VBXWG1BZ27

Results of General Meeting and Ordinary Share Class Meetings

Life Settlement Assets PLC (the "Company") today announces the results of the General Meeting and the Class Meetings (the "Meetings") the details of which were set out in the circular to Shareholders published by the Company on 2 April 2020 (the "Circular").

Result of Meetings

T he Company is pleased to announce that at the General Meeting and Class Meetings for Class A, D and E Ordinary Shares held on 28 April 2020, each of the Special Resolutions proposed in the circular were duly passed on a poll.

The votes cast in the poll were as follows:

 
                                    Votes        Votes       Votes 
                                      For       Against     Withheld 
                    Resolution 
 General Meeting     1            37,743,702   7,546,874   2,147,997 
                                   (83.34%)     (16.66%) 
 
                    Resolution 
 General Meeting     2            37,743,702   7,546,874   2,147,997 
                                   (83.34%)     (16.66%) 
 
                    Resolution 
 General Meeting     3            37,743,702   7,546,874   2,147,997 
                                   (83.34%)     (16.66%) 
 
                    Resolution 
 Class Meeting       1            24,882,749   7,546,874   2,147,997 
  A Ordinary 
   Shares                           (76.73%     (23.27%) 
 Class Meeting      Resolution    8,792,561       Nil         Nil 
                     1 
  D Ordinary                        (100%) 
   Shares 
 Class Meeting      Resolution    1,551,761       Nil         Nil 
                     1 
  E Ordinary                        (100%) 
   Shares 
 

Following the approval of Shareholders of all resolutions the Company will re-designate Class D and E Ordinary Shares as Class A Ordinary Shares and the assets and liabilities attributable to Class D and E Ordinary Shares will be attributed to the Class A Ordinary Shareholders in accordance with the Circular.

An application has been made to the London Stock Exchange for the suspension of the D Ordinary Shares and the E Ordinary Shares to be effective from 7:30 a.m. on 29 April 2020.

All capitalised terms in this announcement have the meaning given to them in the Circular, unless otherwise defined herein.

Expected timetable

 
                                                             2020 
 Calculation Date                                        30 April 
                                          ----------------------- 
 Record Date for the entitlement of D        Close of business on 
  Ordinary Shareholders and E Ordinary                   30 April 
  Shareholders to their new holdings of 
  A Ordinary Shares. 
                                          ----------------------- 
 CREST accounts credited for revised                        5 May 
  holdings of new A Ordinary Shares. 
                                          ----------------------- 
 Expected despatch of share certificates   Week commencing 11 May 
  for holdings of new A Ordinary Shares. 
                                          ----------------------- 
 

Notes:

Each of the times and dates in the above timetable is subject to change and may be extended or brought forward without further notice. The Company will notify investors of any such changes to these times and dates by making an announcement via a Regulatory Information Service.

References to times are to London times unless otherwise stated

Enquiries:

Life Settlement Assets PLC

Michael Baines (Chairman)

020 7258 5990

Acheron Capital Limited (Investment Manager)

Jean-Michel Paul

020 7258 5990

Shore Capital (Financial Adviser and Broker)

Robert Finlay

020 7601 6115

ISCA Administration Services Limited

Company Secretary

Tel: 01392 487056

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ROMKKFBDFBKDNQB

(END) Dow Jones Newswires

April 29, 2020 02:00 ET (06:00 GMT)

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