European Wealth Group Limited Result of EGM (2333D)
January 29 2018 - 8:30AM
UK Regulatory
TIDMEWG
RNS Number : 2333D
European Wealth Group Limited
29 January 2018
European Wealth Group Limited
(the "Company")
Results of EGM
European Wealth Group Limited (AIM: EWG, EWGL), the integrated
wealth management group, announces that at the Extraordinary
General Meeting held earlier today all Resolutions were duly
passed, including Resolution 3 to approve the Company's intention
to change its name to Kingswood Holdings Limited, in respect of
which a further announcement will be made at the appropriate time.
A poll was held on each of the Resolutions proposed at the
Extraordinary General Meeting.
The results of the poll are set out below:
Resolution 1
To authorise the Directors to issue up to (and including)
343,703,703 ordinary shares of 5 pence each in the share capital of
the Company pursuant to the exercise of the Conversion Rights
contained in the Facilities Agreement (or such higher number of
ordinary shares as is necessary in order to give effect to the
Conversion Rights contained in the Facilities Agreement), as if
article 2.2 of the articles of incorporation of the Company and any
pre-emption rights included therein did not apply to the issue,
with such authority to expire on the fifth anniversary of the
passing of this Resolution 1:
Votes for Votes against Total votes cast Votes withheld Result
------------------- ----------------- ----------------- --------------- -------------------
69,116,003 (94.7%) 3,868,389 (5.3%) 72,984,392 5,682,610 Resolution passed
------------------- ----------------- ----------------- --------------- -------------------
Resolution 2
To approve the waiver by the Panel on Takeovers and Mergers of
any requirement on KPI (Nominees) Limited to make a general offer
for the ordinary issued share capital of the Company, as a result
of the issue to KPI (Nominees) Limited of any ordinary shares in
the capital of the Company arising on the exercise of the Kingswood
Conversion Rights:
Votes for Votes against Total votes cast Votes withheld Result
------------------- ------------------ ----------------- --------------- -------------------
25,126,088 (86.7%) 3,868,389 (13.3%) 28,994,477 5,682,610 Resolution passed
------------------- ------------------ ----------------- --------------- -------------------
Resolution 3
To approve that the Company changes its name to "Kingswood
Holdings Limited" (with effect from the completion of the Newbridge
Acquisition):
Votes for Votes against Total votes cast Votes withheld Result
------------------- ----------------- ----------------- --------------- -------------------
77,454,505 (98.5%) 1,212,497 (1.5%) 78,667,002 0 Resolution passed
------------------- ----------------- ----------------- --------------- -------------------
For further details, please contact:
European Wealth Group +44 (0)20 7623
Limited 2368
Marianne Ismail
Hugo Evans
finnCap Ltd (Nomad
and Broker) +44 (0)20 7220 0500
Adrian Hargrave
Scott Mathieson
Anthony Adams
Redleaf Communications +44 (0)20 7382 4730
Emma Kane
Robin Tozer
This information is provided by RNS
The company news service from the London Stock Exchange
END
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