Pantheon International has announced that each of the Special Resolutions proposed at the Extra Ordinary General Meeting and each of the resolutions proposed at the class meetings, were passed.
Commenting on the results of the meetings, Sir Laurie Magnus, Chairman of PIP, said:
"My fellow directors and I are delighted that Shareholders have supported the proposals and that the Company's Ordinary and Redeemable Shares will now be consolidated into one class of Ordinary Shares. We believe that the Company's enlarged ordinary share class will improve the secondary market liquidity of the Company's shares. This, together with the alignment of the future performance of the Company to the higher-performing, younger assets in its portfolio, means that two potential obstacles to improving PIP's longer term share price performance will have been removed. On behalf of the Board, I would like to thank PIP's Shareholders for their continued support as the Company enters an exciting next phase in its evolution."
At 2:32pm: (LON:PIN) Pantheon International PLC share price was +2.5p at 1920.5p