Result of General Meeting

Ediston Property Inv Comp PLC

11 January 2024

 

Ediston Property Investment Company plc LEI Number: 213800JRL87EGX9TUI28 11 January 2024
Result of General Meeting Further to the circular (the "Circular") and notice of General Meeting (the "Notice") to shareholders published on 20 December 2023 by Ediston Property Investment Company plc (the "Company"), the board of directors of the Company announces that the special resolution to place the Company into members' voluntary liquidation, as set out in the Notice, was voted on by way of a poll and approved by the Company's shareholders at the General Meeting held earlier today. Accordingly, Derek Hyslop and Richard Barker of Ernst & Young LLP have been appointed as joint liquidators of the Company (the "Liquidators"). The votes received for and against the resolution and the number of votes withheld were as follows: Resolution Votes For (including discretionary) % (of votes cast excl. withheld) Votes Against % (of votes cast excl. withheld) Total votes cast (excl. withheld) % (issued share capital) Votes Withheld To approve the members' voluntary liquidation of the Company, appoint the Liquidators and grant the Liquidators certain powers. 95,848,743 99.66 324,368 0.34 96,173,111 45.51 61,340 The full text of the resolution can be found in the Notice contained in the Circular. The Circular is available for viewing on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at www.epic-reit.com. Suspension and Cancellation of Shares As set out in the Circular, the Company's Ordinary Shares were suspended from listing on the Official List of the Financial Conduct Authority and from trading on the main market of the London Stock Exchange at 7.30 a.m. this morning, 11 January 2024, in anticipation of the General Meeting. Applications have been made to the Financial Conduct Authority and to the London Stock Exchange for the cancellation of the listing and admission to trading of the Ordinary Shares, respectively, with effect from 8.00 a.m. on 12 January 2024. Initial Distribution As set out in the Circular, the Liquidators expect to make an initial distribution to shareholders within five Business Days of the Company having entered into members' voluntary liquidation (the "Initial Distribution"). It is expected that the Initial Distribution will be not less than 69.0 pence per Ordinary Share and will comprise the vast majority of the Company's assets.
Defined terms used in this announcement have the meanings given to them in the Circular unless the context otherwise requires. Enquiries: Liquidators                                            + 44 (0)131 777 2000 Derek Hyslop Richard Barker

 

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