SVG Capital PLC GM Statement and Officer Resignations (4248J)

TIDMSVI

RNS Number : 4248J

SVG Capital PLC

28 June 2017

Sole Realisation Company plc (formerly SVG Capital plc)

28 June 2017

Sole Realisation Company plc (formerly SVG Capital plc) (the "Company")

Result of General Meeting and Resignation of Directors and Company Secretary

At the general meeting held today, a resolution to approve the appointment of liquidators was passed as a special resolution. The results of the proxy voting was as follows:

 
 Resolution                     For/ discretionary*   Against        Votes withheld***   Total votes 
                                 (number / % /         (number/       (number/ %          cast/ % of 
                                 no. of cards)**       % / no.        / no. of cards)     total voting 
                                                       of cards)**                        rights 
-----------------------------  --------------------  -------------  ------------------  -------------- 
 (a) the Company be 
  and is hereby wound 
  up voluntarily pursuant 
  to section 84(1)(b) 
  of the Insolvency 
  Act 1986 and that 
  Patrick Joseph Brazzill 
  and Richard Barker 
  (each qualified insolvency 
  practitioners) of 
  Ernst & Young LLP, 
  having consented 
  to act, be and are 
  hereby appointed 
  as joint liquidators 
  (the "Liquidators") 
  with the power to 
  act jointly and severally 
  for the purposes 
  of such winding up 
  including realising 
  and distributing 
  the Company's assets 
  and any power conferred 
  on them by law or 
  by this resolution 
  and any act required 
  or authorised under 
  any enactment to 
  be done by them may 
  be exercised by them 
  jointly or by each 
  of them alone; 
 
  (b) the remuneration 
  of the Liquidators 
  be determined by 
  reference to the 
  time properly applied 
  by them and their 
  staff in attending 
  to matters prior 
  to and during the 
  winding up of the 
  Company and they 
  be and are hereby 
  authorised to draw 
  such remuneration 
  monthly or at such 
  longer intervals 
  as they may determine 
  and to pay any expenses 
  properly incurred 
  by them; and 
 
  (c) the Company's 
  books and records 
  be held by SVGC Managers 
  Limited to the order 
  of the Liquidators 
  until the expiry 
  of twelve months 
  after the date of 
  dissolution of the 
  Company, when they            6,453,131 / 100%      54 / 0%        8,293 / 0.13%       6,461,478 / 
  may be disposed of.            / 131                 / 1            / 2                 27.28% 
-----------------------------  --------------------  -------------  ------------------  -------------- 
 

* Proxy votes granted to the chairman of the meeting at his discretion are counted as votes "for" the resolutions

** Percentages expressed as a proportion of the total votes cast (excluding withheld votes). Number of cards includes proxy cards submitted for poll vote

*** A vote withheld is not a vote in law and is not counted in the calculation of the votes cast "for" or "against" a resolution but is included in the Total Votes Cast column

The passing of the above resolution therefore means the Liquidators have been appointed.

The Company announces the resignation of:

Andrew Sykes, Lynn Fordham, Helen Mahy, David Robins and Stephen Duckett as directors of the Company effective today; and the resignation of Stuart Ballard as company secretary of the Company effective today.

For further information, please contact:

Sole Realisation Company plc (formerly SVG Capital plc) 020 3457 0000

The results of the general meeting will shortly be available on the Company's website at http://www.svgcapital.com/

In accordance with the UK Financial Conduct Authority's Listing Rules, a copy of the resolutions passed at today's general meeting will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 28, 2017 06:10 ET (10:10 GMT)