Quadrant Group Plc - Result of EGM
May 29 1998 - 11:47AM
UK Regulatory
RNS No 2021r
QUADRANT GROUP PLC
29th May 1998
Quadrant Group PLC
Result of Extraordinary General Meeting
The Board of Quadrant Group PLC ("the Company") is
pleased to announce that at the Extraordinary General
Meeting of the Company, held at 1.00 pm on 29 May 1998,
the following Resolutions were duly passed to approve:-
the disposal of Quadrant Precision Manufacturing, Inc. on
the terms of the conditional agreement dated 9 April
1998;
the execution of a convertible loan stock deed and the
issue of convertible loan stock pursuant to that deed to
a related party as described in the circular to
shareholders of the Company dated 6 May 1998 ("the
Circular"); and
the Directors of the Company be authorised for the
purpose of Section 80 of the Companies Act 1985 to
exercise all the powers of the Company to allot relevant
securities and in respect of equity securities provided
that the authority and power hereby conferred shall be
limited to the allotment of equity securities in
connection with an issue of equity securities up to a
maximum nominal value of #110,000 in favour of holders of
the convertible loan stock as described in the Circular
on exercise of their conversion rights.
Contact:
Tim Redfern
Tel 0171 488 4040
END
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