For immediate release
(“Serabi” or the “Company”)
Results of General Meeting
The voting was determined by a poll and the results in respect of each resolution were as follows:
RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES TOTAL | % of ISC* VOTED | VOTES WITHHELD |
1. That the waiver granted by the Panel on Takeovers and Mergers is approved. | 26,625,662 | 99.4% | 173,333 | 0.6% | 26,798,995 | 45.5% | Nil |
2. That the Directors are authorised to allot shares, grant rights or convert any security up to a nominal value of £2,884,908. | 41,512,781 | 99.6% | 173,347 | 0.4% | 41,686,128 | 70.8% | 837 |
3. That the proposed Subscription Deed between Greenstone and the Company be approved | 26,625,662 | 99.4% | 173,333 | 0.6% | 26,798,995 | 45.5% | Nil |
4. That the Directors are empowered to allot equity securities for cash up to a nominal value of £2,884,908 | 41,513,618 | 99.6% | 173,347 | 0.4% | 41,686,965 | 70.8% | NIl |
* ISC – Issued Share Capital
Resolution 1 was taken in accordance with the City Code on a poll of Independent Shareholders present and by proxy voting at the Meeting. Members of the
Following the approval by Shareholders of the Resolutions, the Company intends to make a drawdown request to Greenstone for the full
A further announcement will be in due course.
Enquiries:
Tel: +44 (0)20 7246 6830 | |
Chief Executive | Mobile: +44 (0)7799 473621 |
Tel: +44 (0)20 7246 6830 | |
Finance Director | Mobile: +44 (0)7710 151692 |
Email: contact@serabigold.com | |
Website: www.serabigold.com | |
Nominated Adviser | |
Tel: +44 (0)20 7628 3396 | |
Tel: +44 (0)20 7628 3396 | |
Tel: +44 (0)20 7418 9000 | |
Copies of this release are available from the Company’s website at www.serabigold.com.
Neither the
APPENDIX 1
DEFINITIONS
The following words and expressions shall have the following meanings in this Announcement unless the context otherwise requires:
Circular | the document setting out details of the Proposals and Notice of the General Meeting dated |
City Code | the |
Greenstone, its Connected Persons and other persons acting in concert with it, as described in Part III of the Circular; | |
Connected Persons | has the meaning set out in section 252 and section 254 of the Act and includes a spouse, children under 18 and any company in which the relevant person is interested in shares comprising at least one-fifth of the share capital of that company; |
Convertible Loan Notes | the convertible loan notes that may be issued to Greenstone pursuant to the Subscription Deed and the Convertible Loan Notes Instrument as described further in Part I of the Circular; |
Greenstone | |
Independent Shareholders | all Shareholders other than members of the |
Proposals | the Waiver and the entrance into the Subscription Deed and performance of the Convertible Loan Notes Instrument by the Company (including any drawdown and/or conversion of any Convertible Loan Notes); |
Rule 9 | Rule 9 of the Takeover Code; |
Shareholder | a holder of Ordinary Shares; |
Subscription Deed | the subscription agreement entered into by the Company and Greenstone in relation to the subscription for the Convertible Loan Notes, as described further in Part I of the Circular; |
Panel on Takeover and Mergers; | |
Waiver | the waiver granted by the |
ENDS
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