Origo Partners PLC Results of Meetings (9048K)

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RNS Number : 9048K

Origo Partners PLC

27 September 2016

27 September 2016

Origo Partners PLC

("Origo" or the "Company")

Results of Shareholder Meetings

On 7 September 2016 the Company posted a Circular to Shareholders providing details of the proposed restructuring of the Company's share capital together with notices convening the General Meeting, the CZDP Class Meeting and the Ordinary Share Class Meeting (together the "Meetings").

The Company is now pleased to announce the results of the General Meeting, the CZDP Class Meeting and the Ordinary Share Class Meeting which were held at 12:30 p.m., 1:30 p.m. and 2:00 p.m. yesterday respectively.

Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Circular posted to Shareholders on 7 September 2016.

Result of General Meeting

The resolution proposed at the General Meeting of the Company held at 12:30 p.m. yesterday was put to the General Meeting on a poll and was duly approved by the General Meeting by a majority of 100% of votes cast by those in attendance and exercising their vote. The full results of the General Meeting are given below:

 
 Resolution           Votes           %      Votes   % Against           Total   % Voting       Votes 
                        For         For    Against                       Votes     Rights    Withheld 
                                                                          Cast      Voted 
-----------  --------------  ----------  ---------  ----------  --------------  ---------  ---------- 
 
      1         324,898,903     100.00%          0       0.00%     324,898,903     78.15%           0 
-----------  --------------  ----------  ---------  ----------  --------------  ---------  ---------- 
 

Result of CZDP Class Meeting

The resolution proposed at the CZDP Class Meeting of the Company held at 1:30 p.m. yesterday was put to the CZDP Class Meeting on a poll and was duly approved by the CZDP Class Meeting, which required the approval of a majority of 75% of the issued and outstanding CZDPs. The full results of the CZDP Class Meeting are given below:

 
 Resolution          Votes           %      Votes   % Against          Total   % Voting       Votes 
                       For         For    Against                      Votes     Rights    Withheld 
                                                                        Cast      Voted 
-----------  -------------  ----------  ---------  ----------  -------------  ---------  ---------- 
 
      1         49,434,304     100.00%          0       0.00%     49,434,304     86.73%           0 
-----------  -------------  ----------  ---------  ----------  -------------  ---------  ---------- 
 

Result of Ordinary Share Class Meeting

The resolution proposed at the Ordinary Share Class Meeting of the Company held at 2:00pm yesterday was put to the Ordinary Share Class Meeting on a poll and was duly approved by the Ordinary Share Class Meeting by a majority of 100% of the votes cast by those in attendance and exercising their vote. The full results of the Ordinary Share Class Meeting are given below:

 
 Resolution           Votes           %      Votes   % Against           Total   % Voting       Votes 
                        For         For    Against                       Votes     Rights    Withheld 
                                                                          Cast      Voted 
-----------  --------------  ----------  ---------  ----------  --------------  ---------  ---------- 
 
      1         276,126,868     100.00%          0       0.00%     276,126,868     76.97%           0 
-----------  --------------  ----------  ---------  ----------  --------------  ---------  ---------- 
 

Shonaid Jemmett-Page, Chairman of Origo, commented:

"The directors of Origo are delighted to report the outcome of the Meetings and the approval of the Proposals by the requisite majorities of the Company's ordinary and CZDP shareholders. This brings to an end a significant period of uncertainty and expense for the Company and its shareholders. With the resumption of trading of the Company's shares on AIM, the restructuring of the Company's share capital and the resolution of the disputes with Brooks Macdonald, Origo is in a significantly improved position to deliver its Investing Policy of divesting the Company's entire portfolio by November 2018."

For further information about Origo please visit www.origoplc.com or contact:

 
 Origo Partners plc                [e-mail] 
  Niklas Ponnert 
 Nominated Adviser 
  Smith & Williamson Corporate 
  Finance Limited 
  Azhic Basirov                    [phone] 
  Ben Jeynes                        4000 
 Public Relations 
  Aura Financial                   [phone] 
  Andy Mills                        0000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 27, 2016 02:01 ET (06:01 GMT)