Spinnaker Opportunities PLC Result of 2018 Annual General Meeting (3886Q)

TIDMSOP

RNS Number : 3886Q

Spinnaker Opportunities PLC

05 June 2018

5 June 2018

Spinnaker Opportunities Plc

("Spinnaker" or "the Company")

Result of 2018 Annual General Meeting ("AGM")

The Board is pleased to announce that at the AGM of the Company's shareholders held on 5 June 2018 all resolutions as set out in the Notice of Meeting were passed.

All resolutions were put to the meeting and approved on a poll and the results are detailed below.

The total number of shares on the register at 6.00pm on 1 June 2018, being those eligible to be voted on at the AGM, was 29,400,120.

 
                                                                                     TOTAL         % of        Votes 
                                                                                      VOTES        shares     withheld 
                                                                                      CAST           on 
                                                                                                  register 
                                                For                 Against                          at 
                                                                                                    6pm 
                                                                                                     on 
                                                                                                   1 June 
                                                                                                    2018 
---------------------  -------------  ---------------------  ------------------  -------------  ----------  ---------- 
      Resolution          Special          No.          %        No.        %         No.            %          No. 
                         / Ordinary      of votes                 of                of votes                     of 
                                                                 votes                                         votes 
=====================  =============  =============  ======  ===========  =====  =============  ==========  ========== 
 1. To receive 
  and consider 
  the audited 
  financial 
  statements of 
  the Company for 
  the period ended 
  31 December 2017 
  together with 
  the directors' 
  report and the 
  auditors' report 
  thereon.                Ordinary     9,363,087.00     100            0      0   9,363,087.00       31.85           0 
---------------------  -------------  -------------  ------  -----------  -----  -------------  ----------  ---------- 
 2. To receive 
  and approve the 
  report on 
  directors' 
  remuneration 
  as set out on 
  pages 8 of the 
  Annual Report 
  and Accounts 
  for the period 
  ended 31 December 
  2017.                   Ordinary     9,363,087.00     100            0      0   9,363,087.00       31.85           0 
---------------------  -------------  -------------  ------  -----------  -----  -------------  ----------  ---------- 
 3. To approve 
  the re-appointment 
  of Adler Shine 
  LLP as auditors 
  of the Company, 
  and to authorize 
  the directors 
  to determine 
  the auditors' 
  remuneration.           Ordinary     9,322,080.00   99.56    41,007.00   0.44   9,363,087.00       31.85           0 
---------------------  -------------  -------------  ------  -----------  -----  -------------  ----------  ---------- 
 4. To re-elect 
  Andrew Morrison 
  as a director 
  of the Company.         Ordinary     8,822,080.00   94.22   541,007.00   5.78   9,363,087.00       31.85           0 
---------------------  -------------  -------------  ------  -----------  -----  -------------  ----------  ---------- 
 5. To re-elect 
  Jonathan Hoare 
  as a director 
  of the Company.         Ordinary     8,700,080.00   92.92   663,007.00   7.08   9,363,087.00       31.85           0 
---------------------  -------------  -------------  ------  -----------  -----  -------------  ----------  ---------- 
 6. To re-elect 
  Richard Liddell 
  as a director 
  of the Company.         Ordinary     8,822,080.00   94.22   541,007.00   5.78   9,363,087.00       31.85           0 
---------------------  -------------  -------------  ------  -----------  -----  -------------  ----------  ---------- 
 7. To re-elect 
  Anthony Harpur 
  as a director 
  of the Company.         Ordinary     8,700,080.00   92.92   663,007.00   7.08   9,363,087.00       31.85           0 
---------------------  -------------  -------------  ------  -----------  -----  -------------  ----------  ---------- 
 8. To authorise 
  the Directors 
  to allot shares.        Ordinary     8,822,080.00   94.22   541,007.00   5.78   9,363,087.00       31.85           0 
---------------------  -------------  -------------  ------  -----------  -----  -------------  ----------  ---------- 
 9. To authorise 
  the Directors 
  to allot shares 
  for cash and 
  to disapply 
  pre-emption 
  rights up to 
  a nominal value 
  of GBP2,500,000.        Special      8,822,080.00   94.22   541,007.00   5.78   9,363,087.00       31.85           0 
---------------------  -------------  -------------  ------  -----------  -----  -------------  ----------  ---------- 
 

It should be noted that a 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

A copy of the special resolutions approved by shareholders will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at www.morningstar.co.uk/uk/nsm

 
 Spinnaker Opportunities                          Tel: [phone] 
  Andy Morrison, Chairman                                          561 
 Website: http://www.spinnakeropportunities.uk/ 
 SP Angel (Financial Adviser                       Tel: [phone] 
  and Joint Broker)                                               0470 
  Lindsay Mair 
  Caroline Rowe 
 SI Capital (Joint Broker)                        Tel: [phone] 
  Nick Emerson                                                     500 
  Blytheweigh (Financial 
  PR) 
  Nick Elwes                                       Tel: [phone] 
  Simon Woods                                                     3204 
 

About Spinnaker Opportunities

Spinnaker Opportunities (LON: SOP) is listed on the standard list of the London Stock Exchange, led by a management team with extensive expertise in the oil & gas/energy industries. Spinnaker's strategy is to seek a single material acquisition with a view to performing a Reverse Takeover to generate an attractive capital return to its shareholders by achieving a valuation uplift upon RTO and by selecting a target business that has significant further value growth potential following acquisition.

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 [e-mail] or visit www.rns.com.

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June 05, 2018 10:28 ET (14:28 GMT)