EGM Result & Resignation of Nomad & Joint Brokers

Safestyle UK PLC

10 January 2024

 

10 January 2024

Safestyle UK plc

("Safestyle" or the "Company")

Result of EGM

 Appointment of Liquidators

and

Resignation of Nominated Adviser and Joint Brokers

Safestyle announces that, further to the announcement on 18 December 2023 notifying shareholders of an extraordinary general meeting ("EGM"), the resolutions to approve the winding up of the Company and to nominate Mark Kelly and Leonard Gerber of KPMG, and David Standish of Interpath Advisory, as joint liquidators (the "Joint Liquidators") were duly passed. Further, at a meeting of creditors immediately following the EGM, the appointment of the Joint Liquidators was confirmed. Any enquiries regarding the Company or its liquidation should be directed to Leonard Gerber at [e-mail]. The telephone number is [phone].

The Company announces that Rob Neale, Phil Joyner, Michelle Williams, Alan Lovell, Julia Porter and Fiona Goldsmith, directors of the Company, will resign from the board at a time that is appropriate to ensure they can support the Joint Liquidators in the fulfilment of their duties.

Further, following the appointment of the Joint Liquidators, Zeus has resigned as Nominated Adviser and Joint Broker to the Company with immediate effect. Accordingly, the Company's ordinary shares will remain suspended from trading on AIM, inter alia, pursuant to AIM Rule 1, pending the appointment of a replacement nominated adviser.

If the Company fails to appoint a replacement nominated adviser within one month of today's date, admission of the Company's shares to trading on AIM will be cancelled.

Liberum has also resigned as Joint Broker to the Company with immediate effect.

A summary of the votes lodged by proxy at the EGM are included below.

	Resolution	Votes For	% For	Votes Against	% Against	Votes Withheld
1.	To approve the winding up of the Company*	36,575,799	85.86	6,025,785	14.14	12,272
2.	To nominate Mark Kelly and Louis Gerber as Joint Liquidators*	36,565,799	85.86	6,022,894	14.14	24,872

* Special Resolution

(1)      Any proxy appointments, which gave discretion to the Chairman have been included in the 'For' votes total.

(2)      Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

(3)      A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against".

(4)      The number of shares in issue on 10 January 2024 was 138,867,384 with no shares in treasury.

For further information:

KPMG Leonard Gerber / Mark Kelly	[e-mail]
Zeus Dan Bate / James Edis (Investment Banking)	Tel: [phone]
Liberum Capital Limited Jamie Richards / William King	Tel: [phone]

 

END