Result of AGM
September 22 2003 - 7:17AM
UK Regulatory
RNS Number:0090Q
Private Investors Capital Trust PLC
22 September 2003
PRIVATE INVESTORS CAPITAL TRUST PLC
RESULT OF ANNUAL GENERAL MEETING
All the resolutions proposed at the Annual General Meeting of the Company held
on Friday 19th September 2003 were passed. In particular,
*The resolution seeking authority to allot relevant securities under
section 80 of the Companies Act 1985 was passed. Of the proxy votes cast for
this resolution, 100% were in favour. Accordingly, the Company now has the
authority to allot relevant securities (as defined in section 80(2) of the
Act) of the Company up to an aggregate nominal amount of #3,010,529 during
the period commencing on 19th September 2003 and expiring on 18th September
2008 (both dates inclusive).
*The resolution seeking authority to allot securities on a non-pre-emptive
basis was passed. Of the proxy votes cast for this resolution, 99.3% were in
favour. Accordingly, the Company now has the authority to allot equity
securities of the Company, on a non- pre-emptive basis, up to an aggregate
nominal amount of #276,579 during the period commencing on 19th September
2003 and expiring on the date of the next Annual General Meeting or 18th
December 2004 whichever is the earlier.
*The resolution seeking a further share buy-back authority was passed. Of
the proxy votes cast for this resolution, 99.9% were in favour. Accordingly,
the Company now has the authority for further share repurchases for 829,185
ordinary shares in the Company being 14.99% of the issued share capital as
at 19th September 2003.
*The resolution seeking authority to amend the Company's Articles of
Association to introduce a continuation vote was passed. Of the proxy votes
cast for this resolution, 100% were in favour.
Copies of the Special Resolutions passed at the Annual General Meeting of
Private Investors Capital Trust PLC held on 19th September 2003 have been
submitted to the UK Listing Authority, and will shortly be available for
inspection at the UK Listing Authority's Document Viewing Facility, which is
situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London, E14 5HS
Tel No. 020 7676 1000
Enquiries:
Ivan Blair 0131 472 7973
Adam & Company Investment Management Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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