Terra Capital PLC General Meeting result and liquidator appointment (3636U)

TIDMTCA

RNS Number : 3636U

Terra Capital PLC

28 March 2019

Legal Entity Identifier: 2138006S6U2X7L4R8V74

28 March 2019

Terra Capital Plc ('Terra' or 'the Company')

(incorporated in the Isle of Man and registered under the Isle of Man Companies Act 2006

with registered number 016286V)

Result of General Meeting and Appointment of Liquidators

Terra Capital Plc is pleased to announce that at the General Meeting of the Company held at 2.00 p.m. today (the "Meeting"), the two resolutions (to put the Company into members' voluntary liquidation and to cancel the AIM Admission of the Company's ordinary shares) were put to shareholders and were duly passed by the requisite majorities.

Accordingly, Mark Russell Kelly and Kristan James King of KPMG LLC, Heritage Court,41 Athol Street, Douglas, Isle of Man have been appointed to act as joint liquidators in the voluntary winding-up of the Company.

In respect of each resolution, the votes cast were as follows, with percentages having been calculated by reference to total votes cast:

- Resolution 1 - a special resolution to cancel the admission of the Ordinary Shares to trading on AIM in accordance with the AIM Rules; 631,492 votes were cast representing 57% of the shares in issue. 599,940 votes were cast in favour of the resolution representing 95% of the votes cast and 32,002 votes were cast against the resolution.

- Resolution 2 - an ordinary resolution to wind up the Company voluntarily: 631,492 votes were cast in favour of the resolution representing 57% of the shares in issue. No votes were cast against the resolution.

As contemplated in the Company's circular of 27 February 2019 ("Circular") and its announcement of the same date, suspension of trading in the Company's ordinary shares took place at 7.30 a.m. today in anticipation of the meeting and, at 7.00am tomorrow, 29 March 2019, the AIM Admission is expected to be cancelled.

Further details of the voluntary liquidation and cancellation are set out in both the Circular and announcement referred to above. Capitalised terms used but not defined in this announcement have the meaning given to them in the Circular.

For more information, please visit www.terracapitalplc.com or contact:

Galileo Fund Services Limited (Administrator)

Frazer Pickering

[phone]

Panmure Gordon (UK) Limited (Nominated adviser and corporate broker)

Jonathan Becher

[phone]

Terra Capital plc.

Ian Dungate, Director

[phone]

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March 28, 2019 10:30 ET (14:30 GMT)