Result of AGM

RNS Number : 2348S

Marwyn Value Investors Limited

06 September 2010

 



6 September 2010

Marwyn Value Investors Limited (the "Company")

Results of AGM 

The directors are pleased to announce that at the Company's Annual General Meeting held today, the following resolutions were passed:

·     That the Company's annual accounts for the year ended 31 December 2009, together with the directors' report and the auditors' report on those accounts, be received and adopted.

·     That the re-appointment of Ernst & Young LLP as the auditors of the Company be approved and the Directors be authorised to fix the auditors' remuneration until the conclusion of the next Annual General Meeting of the Company

·     That the Company be and is hereby generally and unconditionally authorised to make market purchases of its own shares including out of capital of up to 14.99 per cent. of the share capital in issue at the date of this resolution (comprising both Ordinary shares and B Ordinary shares) provided that the maximum price (exclusive of expenses) that may be paid will be no more than the higher of:

o  105 per cent. of the average of the middle market quotation for the Ordinary shares, or B Ordinary shares as applicable, for the five business days before the purchase is made; and

o  the higher of the last independent trade of an Ordinary share, or B Ordinary share as applicable, and the highest current independent bid on the London Stock exchange for an Ordinary share or B Ordinary share, such authority (unless previously renewed or revoked) to expire on the earlier of the date of the next Annual General Meeting or 31 December 2011."

Enquiries to:

Axio Capital Solutions Limited

Surville Office

Surville, La Ruette Pinel

St Helier, Jersey JE2 3HF

 

END

 

 

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