Kofax Limited Kofax Announces Results of Special General Meeting Held February 9, 2015
February 09 2015 - 7:30AM
UK Regulatory
TIDMKFX
Kofax® Limited (NASDAQ and LSE: KFX), a leading provider of
smart process applications that simplify and transform the First
MileT of customer engagement, today announced the results of its
special general meeting held at 11:00 a.m. U.K. time on February 9,
2015 at the offices of Dechert LLP, 160 Queen Victoria Street,
London EC4V 4QQ.
All resolutions (except resolution 2) set out in the Notice of
Special General Meeting were approved by the requisite number of
shareholders on a show of hands and based on the proxies
received.
The Directors are pleased to announce that resolution 1,
authorising the Directors to cancel the listing of shares on the
official list maintained by the UK Financial Conduct Authority and
remove such shares from trading on the main market for listed
securities of London Stock Exchange plc (the "Delisting"), was
overwhelmingly approved.
Whilst a simple majority of shareholders voted in favour of
resolution 2, proposing changes to the bye-laws, the Directors were
disappointed to see that the required 75% majority was not
achieved. The Directors will further discuss the proposals with
shareholders and a further announcement will be made in due course.
In the meantime, the Directors intend to proceed with the
Delisting.
Proxies:
The total voting rights in the Company at 6 p.m. on January 5,
2015 were 92,210,070. Proxy appointments were validly made in
respect of 78,225,511 common shares for all resolutions.
Special General Meeting:
Resolution 1: To authorize the directors to cancel the listing
of shares on the official list maintained by the UK Financial
Conduct Authority and remove such shares from trading on the main
market for listed securities of London Stock Exchange plc.
Votes for: 76,320,416 98.18%
Votes against: 1,416,708 1.82%
Votes withheld: 488,387
Resolution 2: Conditional on delisting, to adopt the new
Bye-laws.
Votes for: 52,397,590 67.33%
Votes against: 25,424,543 32.67%
Votes withheld: 403,378
Resolution 3: Conditional on delisting, to approve the Kofax
Limited 2015 Equity Incentive Plan.
Votes for: 75,713,238 97.63%
Votes against: 1,835,765 2.37%
Votes withheld: 676,508
Resolution 4: Conditional on delisting, to approve the Kofax
Limited 2015 Executive Bonus Plan.
Votes for: 76,295,709 98.37%
Votes against: 1,266,154 1.63%
Votes withheld: 663,648
Please note that a "vote withheld" is not a vote at law and is
not counted in the calculation of the proportion of the votes "for"
and "against" a resolution.
About Kofax
Kofax is a leading provider of smart process applications that
simplify and transform the First MileT of customer engagement.
Success in the First Mile can dramatically improve the customer
experience, greatly reduce operating costs and increase
competitiveness, growth and profitability. Kofax software and
solutions provide a rapid return on investment to more than 20,000
customers in financial services, insurance, government, healthcare,
supply chain, business process outsourcing and other markets. Kofax
delivers these through its direct sales and service organization,
and a global network of more than 800 authorized partners in more
than 75 countries throughout the Americas, EMEA and Asia Pacific.
For more information, visit kofax.com.
© 2015 Kofax Limited. Kofax is a registered trademark and First
Mile is a trademark of Kofax.
Source: Kofax
Media Contacts:Colleen EdwardsVice President, Corporate
Communications+1 (949) 783-1582colleen.edwards@kofax.comorInvestor
Contacts:MKR Group Inc.Todd Kehrli+1 (323)
468-2300kfx@mkr-group.comorFTI ConsultingChris Lane+44 (0) 20 7831
3113kofax@fticonsulting.com
This information is provided by Business Wire
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