Results of General Meeting

RNS Number : 7756H

Microgen PLC

18 March 2015

 



18 March 2015

MICROGENplc ("Microgen" or the "Company")

RESULTS OF GENERAL MEETING

Microgen plc announces that at the General Meeting of the Company held earlier today to approve the Return of Value of approximately £20 million by way of a B/C Scheme, including a Share Capital Consolidation and amendments to the Company's Articles of Association, each of the ordinary and special resolutions put to Shareholders was duly passed.

Proxy appointments were validly made in respect of 63,206,855 Existing Ordinary Shares; being 84.7 per cent. of the issued share capital of 74,610,669 Existing Ordinary Shares. All the resolutions were passed at the meeting on a show of hands, however, a summary of the proxy votes received by the Company prior to the meeting was as follows:

Resolution	Votes for and discretionary	Votes against	Votes withheld
1.   Return of Value, Share Capital Consolidation and amendments to the Company's Articles of Association	63,206,265	290	300
2.   To authorise the Directors to issue new shares	63,206,485	370	0
3.   To disapply pre-emption rights	63,190,985	15,070	800
4.   To authorise the Company to make market purchases of New Ordinary Shares	63,205,285	1,570	0

The Record Time for the Return of Value and Share Capital Consolidation is 6.00 p.m. today, 18 March 2015. The latest time and date for dealings in Existing Ordinary Shares will be 4.30 p.m. today, 18 March 2015.

All definitions used in the circular to Shareholders dated 25 February 2015 containing the notice of the general meeting (the "Circular") apply to this announcement.

To view the Circular, please visit the Company's website at www.microgen.com. A copy of the Circular was submitted to the UK Listing Authority's National Storage Mechanism and the Circular is also available for inspection at www.hemscott.com/nsm.do.

Contacts

Martyn Ratcliffe, Chairman                                              020-7496-8100

Philip Wood, Group Finance Director

 

END

 

 

ROMGGUPPWUPAGGR