Source - RNS
RNS Number : 9048K
Origo Partners PLC
27 September 2016
 

27 September 2016

 

Origo Partners PLC

("Origo" or the "Company")

 

 

Results of Shareholder Meetings

 

 

On 7 September 2016 the Company posted a Circular to Shareholders providing details of the proposed restructuring of the Company's share capital together with notices convening the General Meeting, the CZDP Class Meeting and the Ordinary Share Class Meeting (together the "Meetings").

 

The Company is now pleased to announce the results of the General Meeting, the CZDP Class Meeting and the Ordinary Share Class Meeting which were held at 12:30 p.m., 1:30 p.m. and 2:00 p.m. yesterday respectively.

 

Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Circular posted to Shareholders on 7 September 2016.

 

Result of General Meeting

 

The resolution proposed at the General Meeting of the Company held at 12:30 p.m. yesterday was put to the General Meeting on a poll and was duly approved by the General Meeting by a majority of 100% of votes cast by those in attendance and exercising their vote. The full results of the General Meeting are given below:

 

Resolution

Votes

For

%

For

Votes Against

% Against

Total Votes Cast

% Voting Rights

Voted

Votes Withheld

 

1

 

 

324,898,903

 

100.00%

 

0

 

0.00%

 

324,898,903

 

78.15%

 

0

 

Result of CZDP Class Meeting

 

The resolution proposed at the CZDP Class Meeting of the Company held at 1:30 p.m. yesterday was put to the CZDP Class Meeting on a poll and was duly approved by the CZDP Class Meeting, which required the approval of a majority of 75% of the issued and outstanding CZDPs. The full results of the CZDP Class Meeting are given below:

 

Resolution

Votes

For

%

For

Votes Against

% Against

Total Votes Cast

% Voting Rights

Voted

Votes Withheld

 

1

 

49,434,304

 

100.00%

 

0

 

0.00%

 

49,434,304

 

86.73%

 

0

 

 

Result of Ordinary Share Class Meeting

 

The resolution proposed at the Ordinary Share Class Meeting of the Company held at 2:00pm yesterday was put to the Ordinary Share Class Meeting on a poll and was duly approved by the Ordinary Share Class Meeting by a majority of 100% of the votes cast by those in attendance and exercising their vote. The full results of the Ordinary Share Class Meeting are given below:

 

Resolution

Votes

For

%

For

Votes Against

% Against

Total Votes Cast

% Voting Rights

Voted

Votes Withheld

 

1

 

 

276,126,868

 

100.00%

 

0

 

0.00%

 

276,126,868

 

76.97%

 

0

 

 

 

Shonaid Jemmett-Page, Chairman of Origo, commented:

 

"The directors of Origo are delighted to report the outcome of the Meetings and the approval of the Proposals by the requisite majorities of the Company's ordinary and CZDP shareholders. This brings to  an end a significant period of uncertainty and expense for the Company and its shareholders. With the resumption of trading of the Company's shares on AIM, the restructuring of the Company's share capital and the resolution of the disputes with Brooks Macdonald, Origo is in a significantly improved position to deliver its Investing Policy of divesting the Company's entire portfolio by November 2018."

 

 

 

 

For further information about Origo please visit www.origoplc.com or contact:

 

Origo Partners plc

Niklas Ponnert

 

  [email protected]

 

Nominated Adviser

Smith & Williamson Corporate Finance Limited

Azhic Basirov

Ben Jeynes

 

 

+44 (0)20 7131 4000

Public Relations

Aura Financial

Andy Mills

 

 

+44 (0)20 7321 0000

 


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