Results of AGM and Issue of E

RNS Number : 7320R

Hygea VCT plc

06 May 2009

 



For Immediate Release                                                                                                  6 May 2009

Hygea VCT plc

('Hygea' or 'the Company')

Results of AGM

Issue of Equity 

At the Company's AGM held today Resolutions 1 to 7 were duly passed. Due to the level of proxy votes against Resolution 8, concerning the authority to buy back shares, the Chairman requested that a poll be carried out on this Resolution which was not passed.

Accordingly, the Directors have been granted authority to issue new shares representing 10% of the Company's current issued share capital, being 804,038 new Ordinary Shares. Should the Company proceed to market a new 10% Top Up Offer it will circulate a letter to Shareholders in due course.

In addition, the directors of Hygea VCT plc (the 'Company') are pleased to announce an allotment on 5 May 2009 of 67,000 new ordinary shares of 50 pence each ('Ordinary Shares') at a price of 54 pence each pursuant to the current 10% Top Up Offer announced on 19 March 2008 previously and under whose authority the Company is continuing to offer the remaining 239,815 Ordinary Shares*.

Application will be made for the 67,000 new Ordinary Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities and dealings are expected to commence on 11 May 2009. 

* The Company reserves the right to alter the terms of this 10% Top Up Offer.

Enquiries:

Charles Breese, Hygea VCT plc on 01280 703482 or [e-mail]

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396

 

END

 

 

RAGGGGGKNKLGLZM