TIDMARCH

RNS Number : 8103D

ARC Capital Holdings Limited

02 February 2015

2 February 2015

For Immediate Release

ARC Capital Holdings Limited

Result of General Meeting and Resignation of Broker

ARC Capital Holdings Limited ("ARCH" or the "Company") (AIM: ARCH), the closed-end investment company, announces that at the general meeting held today at 2.00 p.m., all resolutions were duly passed. The detailed poll results are set out below.

Alpay Ece, Sean Hurst and Cosimo Borrelli (the "New Board") have therefore been appointed as directors of the Company with immediate effect. Steven Feniger, Helen Wong and Tian-Cho Chu have been removed from the office of director of the Company with immediate effect.

The New Board note that over 88.73% of the Company's shares were voted on the resolutions, a particularly high proportion of the total votes outstanding.

Following the passing of the resolutions, Numis Securites Limited resigned as Broker with immediate effect. A replacement Broker will be appointed in due course and a further announcement will be made shortly.

Enquiries

For further information, please contact:

ARC Capital Holdings Limited

Alpay Ece / Sean Hurst

Tel: +44 020 7845 5950

Grant Thornton UK LLP, Nominated Adviser

Philip Secrett

Tel: +44 (0)20 7383 5100

Edmond de Rothschild Securities (UK) Limited

William Marle

Tel: +44 (0)20 7845 5950

John Armstrong-Denby

Tel: +44 (0)20 7845 5950

Hiroshi Funaki

Tel: +44 (0)20 7845 5960

Additional information:

Information in respect of Alpay Ece, Sean Hurst and Cosimo Borrelli as required by Schedule 2(g) of the AIM Rules for Companies is detailed below.

Alpay Ece, aged 43, holds no shares in the Company, and other than that as set out below, there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of his appointment today as a director. Alpay Ece is, or has been, a director of the following companies during the previous five years:

Current Directorships:

Fidesse GmbH

Global Momentum AG

EM Value AG

Previso AG

Directorships in the last five years: None

Sean Leslie Hurst, aged 50, holds no shares in the Company and there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of his appointment today as a director.

Cosimo Borrelli, aged 47, holds no shares in the Company. Information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules will be disclosed in a separate announcement in due course.

 
 The table below provides the detailed poll results for the resolutions 
  1 to 7 each being an ordinary resolution. Terms have the same 
  meaning as defined in the circular to shareholders dated 13 January 
  2015. 
 1. THAT Alpay Ece, having indicated his willingness to act, be 
  and is hereby appointed a director of the Company with immediate 
  effect. 
 FOR                 %           AGAINST           %          VOTE WITHELD 
 119,114,354         58.84%      83,314,145        41.16%     - 
 2. THAT Sean Hurst, having indicated his willingness to act, 
  be and is hereby appointed a directed of the Company with immediate 
  effect. 
 FOR                 %           AGAINST           %          VOTE WITHELD 
 119,114,354         58.84%      83,314,145        41.16%     - 
 3. THAT Cosimo Borrelli, having indicated his willingness to 
  act, be and is hereby appointed a director of the Company with 
  immediate effect. 
 FOR                 %           AGAINST           %          VOTE WITHELD 
 119,114,354         58.84%      83,314,145        41.16%     - 
 4. THAT Steven Feniger be and is hereby removed from the office 
  of director of the Company with immediate effect. 
 FOR                 %           AGAINST           %          VOTE WITHELD 
 119,114,354         58.84%      83,314,145        41.16%     - 
 5. THAT Helen Wong be and is hereby removed from the office of 
  director of the Company with immediate effect. 
 FOR                 %           AGAINST           %          VOTE WITHELD 
 119,114,354         58.84%      83,314,145        41.16%     - 
 6. THAT Tian-Cho Chu be and is hereby removed from the office 
  of director of the Company with immediate effect. 
 FOR                 %           AGAINST           %          VOTE WITHELD 
 119,114,354         58.84%      83,314,145        41.16%     - 
 7. THAT any other person who was a director of the Company immediately 
  before the passing of the resolution numbered 1 above be and 
  is hereby removed from the office of director of the Company 
  with immediate effect. 
 FOR                 %           AGAINST           %          VOTE WITHELD 
 119,114,354         58.84%      83,314,145        41.16%     -

This information is provided by RNS

The company news service from the London Stock Exchange

END

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