Sherborne Investors (Guernsey)B Ltd Result of Extraordinary General Meeting (2611P)

TIDMSIGB

RNS Number : 2611P

Sherborne Investors (Guernsey)B Ltd

15 October 2021

Sherborne Investors (Guernsey) B Limited

LEI 213800LH92LRWKS6OM90

15 October 2021

Sherborne Investors (Guernsey) B Limited

Results of Extraordinary General Meeting

Sherborne Investors (Guernsey) B Limited (the "Company") is pleased to announce that all of the proposed resolutions were approved by shareholders at the Company's Extraordinary General Meeting held on 15 October 2021 in St Peter Port, Guernsey.

Details of the proxy votes lodged are set out below:

 
 Special Resolutions                            For       Against   Withheld** 
 1. THAT the Company be wound 
  up voluntarily .                          230,551,766      0          0 
                                           ------------  --------  ----------- 
 2. THAT the Joint Liquidators 
  be given sanction in accordance 
  with the Company's Articles to 
  divide amongst the members in 
  specie any part of the assets 
  of the Company.                           230,551,766      0          0 
                                           ------------  --------  ----------- 
 3. THAT the cancellation of the 
  admission of the Shares to trading 
  on the Main Market be approved 
  and is effective.                         230,551,766      0          0 
                                           ------------  --------  ----------- 
 Ordinary Resolutions 
                                           ------------  --------  ----------- 
 4. THAT Andrea Harris and Ben 
  Rhodes of Grant Thornton Limited, 
  Lefebvre Street, St Peter Port, 
  Guernsey, GY1 3TF, be appointed 
  as Joint Liquidators.                     230,551,766      0          0 
                                           ------------  --------  ----------- 
 5. THAT the remuneration of the 
  Joint Liquidators or other person 
  appointed to the office of the 
  Liquidators to the Company be 
  determined on the basis of time 
  properly spent.                           230,551,766      0          0 
                                           ------------  --------  ----------- 
 6. THAT, where the whole or part 
  of the Company's business or 
  property is proposed to be transferred 
  or sold to another company (the 
  "Transferee Company") during 
  the course of the winding-up 
  of the Company, the Joint Liquidators 
  may receive in compensation or 
  part compensation for the transfer 
  or sale, shares, policies or 
  other like interests in the Transferee 
  Company for distribution to the 
  members of the Company or may 
  enter into any other arrangement 
  whereby the members of the Company 
  may, in lieu of receiving cash, 
  shares, policies or other like 
  interests, or in addition thereto, 
  participate in the profits of 
  or receive any other benefits 
  from the Transferee Company in 
  accordance with article 146(b) 
  of the articles.                          230,550,360    1,406        0 
                                           ------------  --------  ----------- 
 7. THAT the Company's books and 
  records be held by the secretary 
  of the Company to the order of 
  the Joint Liquidators or other 
  person appointed to the office 
  of the Liquidator to the Company 
  until the expiry of ten years 
  after the date of dissolution 
  of the Company.                           230,551,766      0          0 
                                           ------------  --------  ----------- 
 

The full text of the resolutions may be found in the Notice of Extraordinary General Meeting dated 1 October 2021 which is available on the Company's website www.sherborneinvestorsguernseyb.com . It has also been submitted to the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism ***

A copy of the Special Resolution passed at the Extraordinary General Meeting is available on the Company's website www.sherborneinvestorsguernseyb.com and has been submitted to the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism ***

** A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against'

a   resolution 

*** Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement

Accordingly, trading in the Company's shares will remain suspended and admission to trading on the London Stock Exchange's Specialist Fund Segment of the Main Market is anticipated to be cancelled at 8:00 a.m. on 15 November 2021. The Company will today commence a voluntary wind up process to be undertaken by Benjamin Rhodes and Andrea Harris of Grant Thornton Limited as Joint Liquidators.

It is anticipated that any remaining net assets of the Company, after all creditors and liquidation expenses are paid for, will be distributed to shareholders of the Company.

-Ends-

Enquiries:

FTI Consulting [phone]

James Styles

Numis Securities Limited (Broker) [phone]

David Benda

Nathan Brown

Sherborne Investors (Guernsey) B Limited [phone]

Talmai Morgan (Chairman)

Nick Robilliard (Administrator)

Grant Thornton Limited [e-mail]

Benjamin Rhodes

Andrea Harris

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October 15, 2021 06:58 ET (10:58 GMT)