Anglo African
Agriculture plc
(“AAA”
or the “Company”)
Results of General
Meeting
Anglo African Agriculture plc (LSE:
AAAP), is pleased to announce that at its General Meeting held
today, all Resolutions as set out in the Notice of General Meeting
were duly passed.
Ordinary Resolutions Passed
1.
THAT the purchase by the Company from ZRH Nominees (0105) Ltd,
being a company connected with George
Roach, a director of the Company, of 5,150 ordinary shares
in Dynamic Intertrade Agri (Pty) Limited for up to £150,000, to be
satisfied by the issue of Shares, be approved.
2.
THAT in accordance with section 551 of the Companies Act 2006 as
amended (the “2006 Act”), the directors be generally and
unconditionally authorised to allot Shares or grant rights to
subscribe for, or to convert any security into, Shares, up to an
aggregate nominal value of £94,896, provided that this authority
shall, unless renewed, varied or revoked by the Company in general
meeting expire at the conclusion of the next annual general meeting
or on 30 April 2017, being the date
which is 6 months after the last accounting reference date of the
Company, (if earlier) save that the Company may at any time before
such expiry make an offer or agreement which might require Shares
to be allotted after such expiry and the directors may allow Shares
to be allotted in pursuant of such offer or agreement
notwithstanding that the authority hereby conferred has
expired.
This resolution revokes and replaces all unexercised authorities
previously granted to the directors of the Company in accordance
with section 551 of the 2006 Act but without prejudice to any
allotment of shares or grant of rights already made, offered or
agreed to be made pursuant to such authorities.
Special
Resolutions Passed
3.
THAT, subject to resolution 2 above being duly passed, the
directors be generally empowered pursuant to sections 570 and 571
of the 2006 Act to allow equity securities (as defined in section
560 of the 2006 Act) as if section 561(1) of the 2006 Act did not
apply to any such allotment pursuant to the general authority
conferred on them by resolution 2 above (as varied from time to
time by the Company in general meeting) provided that power is
limited to:
3.1 the allotment of equity
securities in connection with a rights issue or any other offer to
holders of Shares in proportion (as nearly as may be practicable)
to their respective holdings and to holders of other equity
securities as required by the rights of those securities or as the
directors otherwise consider necessary, but subject to such
exclusions or other arrangements as the directors of the Company
may deem necessary or expedient in relation to treasury shares,
fractional entitlements, record dates, legal or practical problems
in or under the laws of any territory or the requirements of any
regulatory body or exchange;
3.2 the allotment of up to
94,896,000 Shares issued for cash (otherwise than pursuant to
paragraphs 3.1 above);
and the power hereby conferred shall, unless renewed, varied or
revoked by the Company in general meeting, expire at the conclusion
of the next annual general meeting or on 30
April 2017, being the date which is 6 months after the last
accounting reference date of the Company, (if earlier) save that
the Company may, before such expiry make an offer or agreement
which would or might require equity securities to be allotted after
such expiry and the directors may allot equity securities in
pursuance of such offer or agreement notwithstanding that the
powers conferred by this resolution has expired.
For further information, please contact:
Anglo African Agriculture
plc |
+44 (0) 20 7440 0640 |
David Lenigas,
Non-Executive Chairman
Rob Scott, Non-Executive Director
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VSA Capital Limited
(Financial Adviser and Broker) |
+44 (0) 20 3005 5000 |
Andrew Raca / James Asensio |
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Notes to Editors:
Anglo African Agriculture (LSE:
AAAP) is a London Stock Exchange Main board listed food
manufacturing and agricultural commodity trading company. AAA is
the 100% owner of Dynamic Intertrade (Pty) Limited.
Dynamic, works from its modern 3,000
m² FSSC compliant facility in Cape
Town and is focused on the manufacture, import and
distribution of herbs, spices and seasonings for the food
manufacturing sector. It has the required approvals and licenses to
export Dynamic’s products globally. Dynamic also offers Halaal and
Kosher Certification on all of its products and these products can
either be purchased under Dynamic’s own brand or contract packed
and labelled under customer’s own label. Dynamic has created its
own bottled spice range and is looking to commercialize it both
locally and internationally.
http://www.dynamicintertrade.co.za