TIDMGRIT

RNS Number : 4162J

Global Resources Investment Tst PLC

21 December 2020

Market Abuse Regulation (MAR) disclosure

Certain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.

Global Resources Investment Trust Plc

("GRIT" or "the Company")

Results of General Meeting and

Company Voluntary Arrangement

The Company is pleased to announce that at a meeting of creditors held at 10:30am today, the CVA process was approved. In addition, at the General Meeting of the Company held following the CVA, the Resolutions (as set out in the Notice of General Meeting found at the end of the circular published on 3 December 2020) were duly passed .

Details of the votes and proxies received for each Resolution were as follows:-

 
                                                                   FOR + 
       FOR           AGAINST       DISCRETION     VOTES WITHHELD    DISCRETION 
     Holders       Holders       Holders        Holders            Holders 
      Number of     Number of     Number of      Number of Votes    Number of Votes 
      Votes         Votes         Votes          Percentage         Percentage 
      Percentage    Percentage    Percentage 
      votes case    votes cast    votes cast 
    ------------  ------------  -------------  -----------------  ----------------- 
 1   7             1             1              0                  8 
      10,450,173    30,000        4,443,896      0                  14,894,069 
      70.02%        0.20%         29.78%         0                  99.80% 
    ------------  ------------  -------------  -----------------  ----------------- 
 2   7             1             1              0                  8 
      10,450,173    30,000        4,443,896      0                  14,894,069 
      70.02%        0.20%         29.78%         0                  99.80% 
    ------------  ------------  -------------  -----------------  ----------------- 
 3   6             1             2              0                  8 
      1,535,000     30,000        13,359,069     0                  14,894,069 
      10.29%        0.20%         89.51%         0                  99.80% 
    ------------  ------------  -------------  -----------------  -----------------

Following the approval of the Resolutions and the CVA, applications will be made for the admission of 8,392,902 New Ordinary Shares to the premium listing segment of the Official List of the Financial Conduct Authority ("FCA") and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). As the Company's Existing Ordinary Shares are suspended from trading, dealings in the New Ordinary Shares will not commence until this suspension has been lifted.

The New Ordinary Shares when issued will rank, from Admission, pari passu in all respects with the Existing Ordinary Shares.

The total issued share capital of GRIT following Admission will be 50,357,414 Ordinary Shares and the total number of voting rights of the Company will be 50,357,414 and this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Directors accept responsibility for this announcement.

For further information, please contact:

 
  Global Resources Investment Trust    Tel: +44 (0) 203 198 2554 
   PLC 
  Martin Lampshire 
                                     --------------------------- 
 
  Beaumont Cornish Ltd                 Tel: +44 (0) 207 628 3396 
                                     --------------------------- 
  Roland Cornish 
   Felicity Geidt 
                                     --------------------------- 
 
  Peterhouse Capital Limited           Tel: +44 (0) 207 469 0930 
                                     --------------------------- 
  Lucy Williams 
   Duncan Vasey 
   Heena Karani

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END

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December 21, 2020 10:03 ET (15:03 GMT)

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