Hirco plc

Hirco Announces EGM Results

RNS Number : 2810J
Hirco plc
28 June 2011


June 28, 2011


Hirco PLC

("Hirco" or the "Company")





LONDON - Hirco PLC (AIM:HRCO), the AIM-quoted real estate investment company, announces that at the Company's Extraordinary General Meeting held earlier today all the resolutions proposed in the notice of the meeting were duly passed by shareholders, including the special resolution proposed relating to the placing (the "Placing") of 24,000,000 new ordinary shares ("Placing Shares").


As a result, the principal condition to the Placing announced on 2 June 2011, raising £12 million (before expenses), has now been satisfied.  It is expected that Admission will become effective and dealings in the 24,000,000 Placing Shares will commence on AIM at 8:00 a.m. on 29 June 2011.  The Placing Shares will rank pari passu in all respects with the existing issued ordinary shares of Hirco.


Following completion of the Placing Hirco will have a total of 100,526,984 ordinary shares in issue.


The results of the poll on the resolutions put to the meeting are as follows:



Shares For

Shares Against

Shares Withheld

1. To a) approve the increase in the Company's authorised share capital from £1,000,000 to 1,005,269.84 by the creation of 526,984 new ordinary shares of £0.01 each and to b) authorise the allotment of  24,000,000 new ordinary shares for cash up to an aggregate nominal sum of £240,000 and to disapply pre-emption rights.

50, 318, 880

(91.98 %)



2. To alter the articles of association of the Company.


(95.05 %)




A copy of Hirco's amended Articles of Association will shortly be available on Hirco's website: http://www.hircoplc.co.im/downloads_&_presentations.html 







Hirco                                                                           Gutenberg Communications

David Burton, Peter Barge and Nigel McGowan           US - Hugh Burnham / Michael Gallo

+44 1624 647069                                                        +1 212 239 8595 / +1 212 239 8594

[email protected]                                                         [email protected]
[email protected]

HSBC Bank plc (nominated adviser)                                    

Nic Hellyer                                                                  

+44 20 7991 8888



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