Results of a General Meeting

RNS Number : 4476H

Ten Entertainment Group PLC

07 June 2017

 

7 June 2017

Ten Entertainment Group Plc

('Company')

Results of a General Meeting

At a General Meeting of the Company today, the Board's recommendation for a capital reduction was approved by shareholders. Subject to the High Court and other necessary approvals, this result will enable the Company to increase its distributable reserves by approximately £38.2m and support future dividend payments.

The resolutions were passed on a poll and the results are shown below.

Resolution Number	Nature of Resolution	For		Against			Withheld
		Votes	%age of votes cast	Votes	%age of votes cast	Total votes cast	Votes	%age of ISC voted
1	To: (a) grant the directors of the Company authority to capitalise the Company's merger reserve and to allot B ordinary shares in the capital of the Company; and (b)  set out the rights and restrictions which shall apply to the B ordinary shares.	57,902,776	100.00	0	0.00	57,902,776	0	89.08
2	Approval of a capital reduction by way of the cancellation of all of the B ordinary shares in issue.	57,902,776	100.00	0	0.00	57,902,776	0	89.08

Notes:

1.   Any proxy votes which were at the discretion of the Chairman have been included in the "for" total.

2.   The issued share capital as at 10.30 a.m. on 5 June 2017 was 65,000,000 ordinary shares of 1p each and the number of votes per share is one. This figure has been used to calculate the percentage of issued share capital voted.

Both of the resolutions were passed as special resolutions.  As required by the Listing Rules, a copy of all the resolutions passed, other than those concerning ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.do.

The form of each of the above resolutions as passed accords with the corresponding item on the Notice of General Meeting which is available for viewing or downloading from the Company's website www.tegplc.co.uk. A copy of any or all of the resolutions may be obtained by writing to the Company Secretary at the Registered Office: Ten Entertainment Group Plc, Aragon House, University Way, Cranfield Technology Park, Cranfield, Bedford MK43 0EQ.

Mark Willis

Company Secretary

For further information please contact:

Ten Entertainment Group plc Alan Hand, Chief Executive Officer Mark Willis, Chief Financial Officer	via Instinctif Partners
Instinctif Partners Matthew Smallwood Guy Scarborough	020 7457 2020

 

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