IBSA Ibis Media Vct1

TIDMIBSA

RNS Number : 6042U

IBIS Media VCT 1 plc

19 January 2017

IBIS Media VCT 1 plc (the "Company")

Results of General Meeting

At the General Meeting of the Company held on Wednesday 18 January 2017 at 5pm, the following resolutions were duly passed.

SPECIAL BUSINESS

Special Resolutions

1. That, subject to resolutions 2 to 5 below being passed, the Company be wound-up voluntarily and Mark Robert Fry and Kirstie Jane Provan of Begbies Traynor (Central) LLP be and are hereby appointed joint liquidators (the "Liquidators") for the purposes of such winding-up, and are to act jointly and severally;

2. That, upon their appointment, the Liquidators be and are hereby authorised to make distributions (both interim and final) in cash to the shareholders in accordance with the Company's articles of association and that the amounts to be received by each shareholder will be weighted proportionately to the number of shares held;

3. That, upon their appointment, the Liquidators be authorised under the provisions of Section 165(2) of the Insolvency Act 1986 to exercise the powers laid down in Schedule 4, Part I, of the Insolvency Act 1986; and

4. That, the Liquidators may divide among the shareholders in specie or kind the whole or any part of its assets, in accordance with the Company's articles of association;

Ordinary Resolution

5. That, upon their appointment, the Liquidators be entitled to receive remuneration for their services by reference to the time properly given by them and their staff in attending to matters arising on the winding-up and that the Liquidators be authorised to draw disbursements, including disbursements for services provided by their firm (defined as Category 2 disbursements in Statement of Insolvency Practice 9), in accordance with their firm's policy, details of which are set out in Part 5 of the circular dated 14 December 2016 sent to shareholders of the Company.

Proxy votes cast were as follows:

 
 Resolution   For         Against   Withheld 
-----------  ----------  --------  --------- 
 1            3,623,439   Nil       Nil 
-----------  ----------  --------  --------- 
 2            3,623,439   Nil       Nil 
-----------  ----------  --------  --------- 
 3            3,623,439   Nil       Nil 
-----------  ----------  --------  --------- 
 4            3,623,439   Nil       Nil 
-----------  ----------  --------  --------- 
 5            3,623,439   Nil       nil 
-----------  ----------  --------  --------- 
 

For further information, please contact:

   --     Henry Chamberlain, IBIS Private Equity Partners LLP 020 7070 7080 
   --     Robin Smeaton, The City Partnership (UK) Limited, Company Secretary 0131 243 7210 

This information is provided by RNS

The company news service from the London Stock Exchange

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