Albion Dev VCT Gm Statement
December 15 2014 - 10:32AM
UK Regulatory
TIDMAADD
At a General Meeting of Albion Development VCT PLC, duly convened and
held at 1 King's Arms Yard, London EC2R 7AF on 15 December 2014, the
following resolutions were passed:
Resolution 1 was passed as an ordinary resolution and Resolution 2 was
passed as a special resolution.
ORDINARY RESOLUTION
1. THAT, in substitution for all other subsisting authorities to the
extent unused, the Directors of the Company be and are hereby generally
and unconditionally authorised in accordance with section 551 of the
Companies Act 2006 (the "Act"), to exercise all the powers of the
Company to allot shares in the Company ("Rights") up to an aggregate
nominal amount of GBP187,907.53 Ordinary Shares and up to an aggregate
nominal amount of GBP12,776.39 D shares provided that this authority
shall expire 18 months from the date this resolution is passed or, if
earlier, at the conclusion of the Annual General Meeting of the Company
held in 2015 (unless previously revoked, varied, renewed or extended by
the Company in general meetings), but so that this authority shall allow
the Company to make before the expiry of this authority offers or
agreements which would or might require shares to be allotted or Rights
to be granted after such expiry.
SPECIAL RESOLUTION
2. THAT, the Directors be and are hereby empowered pursuant to sections
570 and 573 of the Act, to allot equity securities as defined in section
560 of the Act for cash pursuant to the authority given pursuant to
resolution 1 set out in the notice of this meeting, or by way of a sale
of Treasury shares, as if section 561(1) of the Act did not apply to any
such allotment, provided that this power shall be limited to:
(a) the allotment of equity securities in connection with the conversion
of D shares into Ordinary Shares in 2015 in accordance with the Articles
of Association of the Company;
(b) the allotment of equity securities up to an aggregate nominal amount
representing 25 per cent. of the issued share capital (excluding
Treasury shares) pursuant to one or more offers for subscription;
(c) the allotment of equity securities up to an aggregate nominal amount
representing 10 per cent. of the issued share capital (excluding
Treasury shares) from time to time pursuant to any dividend reinvestment
scheme operated by the Company; and
(d) the allotment of equity securities (otherwise than pursuant to
sub-paragraphs (a), (b) and (c) above) up to an aggregate nominal amount
representing 10 per cent. of the issued share capital (excluding
Treasury shares) from time to time
and the power conferred by this resolution shall expire on the date
falling 18 months from the date this resolution is passed or, if earlier,
at the conclusion of the Annual General Meeting of the Company to be
held in 2015 (unless previously revoked, varied, renewed or extended by
the Company in general meeting), except that the Company may, before
such expiry, make offers or agreements which would or might require
equity securities to be allotted after such expiry and the Directors
shall be entitled to allot equity securities pursuant to any such offers
or agreements as if the power conferred by this resolution had not
expired.
15 December 2014
For further information please contact:
Albion Ventures LLP
Tel: 0207 601 1850
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Albion Development VCT PLC - D Shares via Globenewswire
HUG#1880310
http://www.closeventures.co.uk
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