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SVG Capital PLC (SVI)

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Wednesday 28 June, 2017

SVG Capital PLC

GM Statement and Officer Resignations

RNS Number : 4248J
SVG Capital PLC
28 June 2017
 

Sole Realisation Company plc (formerly SVG Capital plc)

28 June 2017

 

 

Sole Realisation Company plc (formerly SVG Capital plc) (the "Company")

 

Result of General Meeting and Resignation of Directors and Company Secretary

 

At the general meeting held today, a resolution to approve the appointment of liquidators was passed as a special resolution.  The results of the proxy voting was as follows:

 

Resolution

 

For/ discretionary* (number / % / no. of cards)**

Against (number/ % / no. of cards)**

Votes withheld*** (number/ % / no. of cards)

Total votes cast/ %  of total voting rights

(a)          the Company be and is hereby wound up voluntarily pursuant to section 84(1)(b) of the Insolvency Act 1986 and that Patrick Joseph Brazzill and Richard Barker (each qualified insolvency practitioners) of Ernst & Young LLP, having consented to act, be and are hereby appointed as joint liquidators  (the  ''Liquidators'')  with  the  power  to  act  jointly  and severally for the purposes of such winding up including realising and distributing the Company's assets and any power conferred on them by law or by this resolution and any  act  required  or authorised under any enactment to be done by them may be exercised by them jointly or by each of them alone;

 

(b)          the remuneration of the Liquidators be determined by reference to the time properly applied by them and their staff in attending to matters prior to and during the winding  up  of  the Company and they be and are hereby authorised to draw such remuneration monthly or at such longer intervals as they may determine and to pay any expenses properly incurred by them; and

 

(c)           the Company's books and records be held by SVGC Managers Limited to the order of the Liquidators until the expiry of twelve months after the  date  of  dissolution  of  the Company, when they may be disposed of.

6,453,131 / 100% / 131

54 / 0% / 1

8,293 / 0.13% / 2

6,461,478 / 27.28%

 

* Proxy votes granted to the chairman of the meeting at his discretion are counted as votes "for" the resolutions
** Percentages expressed as a proportion of the total votes cast (excluding withheld votes). Number of cards includes proxy cards submitted for poll vote
*** A vote withheld is not a vote in law and is not counted in the calculation of the votes cast "for" or "against" a resolution but is included in the Total Votes Cast column

 

The passing of the above resolution therefore means the Liquidators have been appointed.

 

The Company announces the resignation of:

 

Andrew Sykes, Lynn Fordham, Helen Mahy, David Robins and Stephen Duckett as directors of the Company effective today; and the resignation of Stuart Ballard as company secretary of the Company effective today.

 

For further information, please contact:

 

Sole Realisation Company plc (formerly SVG Capital plc) 020 3457 0000

                                                                                                               

 

The results of the general meeting will shortly be available on the Company's website at http://www.svgcapital.com/

In accordance with the UK Financial Conduct Authority's Listing Rules, a copy of the resolutions passed at today's general meeting will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk


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