Result of General meeting

RNS Number : 5183W

Amati VCT 2 plc

31 January 2012

 

Amati VCT 2 plc

31 January 2012

Results of General Meeting

The Company gives notice that the resolution proposed in the Notice of General Meeting dated 28 December 2011 was duly passed as a special resolution at the General Meeting of the Company held on Tuesday 31 January 2012.

The full text of the resolution passed is:

That, in substitution for existing authorities, the Company be and hereby is empowered to make one or more market purchases within the meaning of section 701 of the Companies Act 2006 of its own ordinary shares of 5p each (the "Shares") (either for cancellation or for the retention as treasury shares for future re-issue or transfer) provided that:

(i)         the maximum aggregate number of Shares authorised to be purchased is such number thereof being 14.9 per cent. of the issued Shares from time to time;

(ii)        the minimum price which may be paid per Share is its nominal value;

(iii)       the maximum price which may be paid per Share is an amount equal to 105 per cent. of the average of the middle market quotation of such share taken from the London Stock Exchange daily official list for the five business days immediately preceding the day on which such share is to be purchased;

(iv)       the authority conferred by this Resolution shall expire on the earlier of (i) the conclusion of the next annual general meeting of the Company and (ii) the expiry of eighteen months following the passing of this resolution unless such authority is renewed prior to such time ; and

(v)        the Company may make a contract to purchase Shares under the authority conferred by this resolution prior to the expiry of such authority which will or may be executed wholly or partly after the expiration of such authority, and may make a purchase of such shares pursuant to any such contract or contracts.

Proxy votes cast were 4,345,898 votes for and 76,765 votes against. 

For further information please contact Doreen Nic on 0131 243 7215 or email

[e-mail].

Ends

 

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