Information  X 
Enter a valid email address

Gartmore Growth Opps (GGOR)

  Print      Mail a friend       Annual reports

Monday 29 November, 2010

Gartmore Growth Opps

Result of Class and General Meetings

Gartmore Growth Opportunities plc

1. Result of the Class Meeting and First General Meeting of Gartmore Growth
Opportunities plc held on 29 November 2010:

Both of the special resolutions put to Shareholders at the Class Meeting and
First General Meeting were passed, with 99.77% per cent. of votes cast at the
Class Meeting and 99.78 per cent. of the votes cast at the First General
Meeting being cast in favour of the resolutions. Details of the poll results
are set out below.

It should be noted that the Proposals remain conditional upon approval of the
resolution at the Second General Meeting of the Company to be held on 10
December 2010 and approval by Artemis Alpha Trust plc shareholders of the
relevant resolutions at its general meeting on 7 December 2010.


2. Elections under the Scheme.

There are 9,788,975 Shares in issue. The Cash Option was undersubscribed, with
Shareholders electing, or been deemed to have elected, to participate in the
Cash Option in respect of 2,566,657 (26.22%) of the Shares in issue.
Shareholders will receive shares in Artemis Alpha Trust plc in respect of the
remaining Shares in accordance with the Proposals.

Shareholders are reminded that the Shares were disabled in CREST on 26 November
2010 and transfers received after 6.00pm on 26 November 2010 will be returned
to persons lodging them.


3. Dividend.

Consequent to the passing of the special resolution at the First General
Meeting today it is confirmed that the 30 pence per share special interim
dividend announced on 8 November 2010 will be paid on 9 December 2010.


4. Expected Timetable


7 December                General Meeting of Artemis Alpha Trust plc

                          Calculation Date
8 December at 10.00am     Latest time and date for receipt of forms of proxy for
                          the Second General Meeting

9 December                Amendment to the Official List and dealings in Reclassified Shares
                          commence (8.00am)

10 December               Dealings in Reclassified Shares suspended (7.30am)
                          Second General Meeting (10.00am)

                          Effective Date and Liquidators appointed

13 December               Dealings commence in ATS Shares and ATS Subscription Shares issued
                          to Shareholders pursuant to the Proposals and payments made to Shareholders in
                          respect of the Cash Option as soon as practicable after this date


11 December               Cancellation of listing of Reclassified Shares


5. Summarised resolutions and details of voting.

Class Meeting.

The special resolution to sanction any effect on or modification to the special
rights attaching to the Shares which may result from the passing of the
resolutions to be proposed at the First and Second General Meetings or the
implementation of the Proposals was duly passed on a poll.

The result of the poll was as follows:

         Resolution           Votes For       Votes Against      Votes Withheld
                    (including votes at                                        
                      the discretion of                                        
                          the Chairman)                                        
                 1.           5,717,445              13,337              32,269

First General Meeting.

The special resolution to amend the Articles for the purposes of the Proposals
(by reclassifying the Shares, empowering the Liquidators to put into effect the
scheme of reconstruction whereby the Rollover Fund is transferred to Artemis
Alpha Trust plc in consideration for ATS Shares being issued to Shareholders,
and to sell the Cash Fund to Artemis Alpha Trust plc in order to enable cash to
be made available for distribution to Shareholders who elect for the Cash
Option, provide for the reversal of the reclassification of the Shares if the
Proposals do not become effective), approve the Scheme and authorise
implementation of the Scheme by the Liquidators was duly passed on a poll.

         Resolution           Votes For       Votes Against      Votes Withheld
                    (including votes at                                        
                      the discretion of                                        
                          the Chairman)                                        
                 1.           5,994,604              13,337              24,415

Terms defined in the circular to Shareholders dated 11 November 2010 shall have
the same meaning in this announcement unless the context otherwise requires.

This announcement will be made available on the National Storage Mechanism

Gartmore Investment Limited

29 November 2010


Contact Details

Dion Di Miceli Tel: 020 7397 1921

Cenkos Securities


a d v e r t i s e m e n t