Result of AGM

RNS Number : 0977D

Highcroft Investments PLC

10 May 2012

 



HIGHCROFT INVESTMENTS PLC

("Highcroft" or "the Company")

Result of Annual General Meeting ("AGM")

Highcroft announces that at its AGM, which was held at 12.00 today, Resolutions 1 through 8, comprising all ordinary business proposed by the Company, were duly passed on a show of hands. Following a poll requested by the Chairman, Resolutions A through C, comprising resolutions requisitioned by certain shareholders representing at least 5 per cent. of the issued share capital of the Company, were not passed. The results of the voting by poll were as follows:

RESOLUTION	FOR	%	AGAINST	%	WITHHELD
A - THAT in view of the difficulty the Board is having in finding suitable investment properties for the Company to purchase, that the Board should formulate a policy for distributing excess net cash to shareholders in a tax efficient manner.-	1,016,649	26.9	2,769,760	73.1	0
B - THAT there appears no need for the Company to retain its portfolio of equity investments which should be realised and the proceeds distributed to shareholders in a tax efficient manner.	1,011,649	26.7	2,774,760	73.3	0
C - THAT if shareholders do not agree to the Company's equity portfolio being realised as mentioned above that the Board give consideration to the payment of a dividend to shareholders out of the income received from such portfolio.	1,018,149	27.0	2,756,660	73.0	11,600

Enquiries:

John Hewitt / Roberta Miles                                                                               01865 840 023

Highcroft Investments PLC

Dugald J. Carlean / Karri Vuori                                                                         020 7149 6000

Charles Stanley Securities

 

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