TIDMBC12 TIDMBCAP

RNS Number : 6832M

Better Capital PCC Limited

12 May 2020

12 May 2020

Better Capital PCC Limited

(the "Company")

Results of Extraordinary General Meetings

The Company is pleased to announce that each resolution was duly passed without amendment at the extraordinary general meeting of the holders of the 2009 Shares, the extraordinary general meeting of the holders of the 2012 Shares and the extraordinary general meeting of all shareholders, each extraordinary general meeting being held on 12 May 2020.

Therefore, the Board confirm that the 2009 Cell shareholders and the 2012 Cell shareholders have resolved to confirm approval for the Directors to apply for cancellation of the listing of shares in both respective protected cells, to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc's Main Market for listed securities.

The proxy votes received by the Company prior to the extraordinary general meetings were as follows:

Extraordinary General Meeting of the holders of the 2009 Shares

 
 Special Resolution                          Votes for (including     Votes against    Votes withheld* 
                                                discretionary) 
                                                   Number        %     Number      % 
                                           --------------  -------  ---------  ----- 
      1. THAT the Directors of 
       the Company be and are 
       hereby authorised to apply 
       for the cancellation of 
       the listing of the ordinary 
       shares of GBP1.00 each 
       in the protected cell established 
       by the Company as the 2009 
       Cell to the premium segment 
       of the Official List of 
       the Financial Conduct Authority 
       and to trading on the London 
       Stock Exchange plc's Main 
       Market for listed securities.           23,101,640    99.99      3,335   0.01                 0 
                                           --------------  -------  ---------  -----  ---------------- 
 

Extraordinary General Meeting of the holders of the 2012 Shares

 
 Special Resolution                          Votes for (including     Votes against    Votes withheld* 
                                                discretionary) 
                                                   Number        %     Number      % 
                                           --------------  -------  ---------  ----- 
      1. THAT the Directors of 
       the Company be and are 
       hereby authorised to apply 
       for the cancellation of 
       the listing of the ordinary 
       shares of GBP1.00 each 
       in the protected cell established 
       by the Company as the 2012 
       Cell to the premium segment 
       of the Official List of 
       the Financial Conduct Authority 
       and to trading on the London 
       Stock Exchange plc's Main 
       Market for listed securities.          158,282,594    99.97     40,001   0.03                 0 
                                           --------------  -------  ---------  -----  ---------------- 
 

Extraordinary General Meeting of all shareholders

 
 Special Resolutions                         Votes for (including     Votes against**    Votes withheld* 
                                               discretionary)** 
                                                   Number        %      Number       % 
                                           --------------  -------  ----------  ------ 
      1. THAT the Directors of 
       the Company be and are 
       hereby authorised to apply 
       for the cancellation of 
       the listing of the ordinary 
       shares of GBP1.00 each 
       in the protected cell established 
       by the Company as the 2009 
       Cell to the premium segment 
       of the Official List of 
       the Financial Conduct Authority 
       and to trading on the London 
       Stock Exchange plc's Main 
       Market for listed securities.          180,248,966    99.97    42,780      0.03                 0 
                                           --------------  -------  ----------  ------  ---------------- 
      2. THAT the Directors of 
       the Company be and are 
       hereby authorised to apply 
       for the cancellation of 
       the listing of the ordinary 
       shares of GBP1.00 each 
       in the protected cell established 
       by the Company as the 2012 
       Cell to the premium segment 
       of the Official List of 
       the Financial Conduct Authority 
       and to trading on the London 
       Stock Exchange plc's Main 
       Market for listed securities.          180,249,506    99.97      42,240    0.03                 0 
                                           --------------  -------  ----------  ------  ---------------- 
 

* A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the relevant resolution.

** The number of proxy votes in relation to the annual general meeting of all shareholders of the Company has been calculated in accordance with the Company's articles of incorporation. The Company's articles of incorporation provide that at any general meeting of all shareholders of the Company:

1. each holder of 2009 Shares who is present in person shall have one vote and on a poll the vote shall be weighted where a vote cast in relation to each 2009 Share shall count as 1.1096 towards the total number of votes cast; and

2. each holder of 2012 Shares who is present in person shall have one vote and on a poll the vote shall be weighted where a vote cast in relation to each 2012 Share shall count as 0.9770 towards the total number of votes cast.

The full text of all the resolutions can be found in the Notices of Extraordinary General Meetings which is available for viewing at the National Storage Mechanism ( http://www.morningstar.co.uk/uk/NSM ), and from the Company's website ( http://www.bettercapital.gg ).

Expected Timetable

 
 Last day of dealing in Shares   9 June 2020 
 Delisting                       10 June 2020 
                                ------------- 
 

Any changes to the expected timetable set out above will be notified to the market by the Company via an RIS announcement.

For further information, please contact:

 
 Better Capital PCC Limited 
  Norman Amey (Administrator and Company 
  Secretary)                                +44 (0)1481 742 742 
 Numis Securities Limited 
  Nathan Brown                              +44 (0)20 7260 1000 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 12, 2020 11:16 ET (15:16 GMT)