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ADC Zeros 2010 plc (ADC2)

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Friday 16 September, 2011

ADC Zeros 2010 plc

Result of Meeting

RNS Number : 4123O
ADC Zeros 2010 plc
16 September 2011
 

ADC ZEROS 2010 PLC AND ADC ZEROS 2012 PLC

(IN MEMBERS' VOLUNTARY LIQUIDATION)

 

RESULTS OF SHAREHOLDER MEETINGS IN RELATION TO PROPOSALS FOR WINDING UP

16 September 2011

ADC Zeros 2010 plc and ADC Zeros 2012 plc (together the "Companies") refer to the circular (the "Circular") to shareholders dated 19 August 2011 convening the necessary General Meetings of the Companies to approve (i) the amendment to the Companies' articles of association in order that the winding up of the Companies  does not accelerate the repayment of the loan from Aberdeen Development Capital plc; (ii) the voluntary winding up of the Companies; (iii) the appointment of Colin Peter Dempster and Derek Neil Hyslop both of Ernst & Young LLP of Ten George Street, Edinburgh EH2 2DZ as liquidators of the Companies; and (iv) certain ancillary matters. The separate class meetings of the Companies were also held today to approve and consent to the proposals. Each of the Resolutions was passed by shareholders earlier today at the Shareholder Meetings and the Companies are now in members' voluntary liquidation.

The results of the proxy votes on the Resolutions were as follows:

ADC Zeros 2010 plc Shareholder Meeting:-

 

For (inc discretionary)

Against

Withheld

Resolution

1,437,450

-

-

ADC Zeros 2012 plc Shareholder Meeting:-

 

For (inc discretionary)

Against

Withheld

Resolution

1,861,810

-

-

ADC Zeros 2010 plc General Meeting:-

 

For (inc discretionary)

Against

Withheld

Resolution 1

2,404,637

-

-

Resolution 2

2,404,637

-

-

ADC Zeros 2012 plc General Meeting:-

 

For (inc discretionary)

Against

Withheld

Resolution 1

1,863,745

-

-

Resolution 2

1,876,647

-

-

 

The UK Listing Authority has been requested to cancel the listing of the zero dividend preference shares of 0.001 pence each issued by the Companies by 8.00 a.m. on 19 September 2011.

It is expected that a capital distribution of approximately 8 pence per zero dividend preference share will be made to shareholders by no later than 20 September 2011 (although the actual date for payment of this distribution will be determined by the liquidators of the Company).  Cheques will be sent to shareholders in respect of this distribution. Shareholders who hold their shares in CREST will receive their distribution through the CREST system.

 

A copy of the Resolutions has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do.

 

Enquiries

Hugh Little/Derek Gault

Aberdeen Asset Managers Limited

Tel: 01224 631 999

Sue Inglis

Canaccord Genuity Limited

Tel: 020 7050 6779

Notes

Unless the context otherwise requires, terms used in this announcement shall bear the meanings given to them in the circular to the Companies' shareholders dated 19 August 2011.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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