Origo Partners PLC Results of Meetings (9048K)
September 27 2016 - 1:01AM
UK Regulatory
TIDMOPP TIDMOPPP
RNS Number : 9048K
Origo Partners PLC
27 September 2016
27 September 2016
Origo Partners PLC
("Origo" or the "Company")
Results of Shareholder Meetings
On 7 September 2016 the Company posted a Circular to
Shareholders providing details of the proposed restructuring of the
Company's share capital together with notices convening the General
Meeting, the CZDP Class Meeting and the Ordinary Share Class
Meeting (together the "Meetings").
The Company is now pleased to announce the results of the
General Meeting, the CZDP Class Meeting and the Ordinary Share
Class Meeting which were held at 12:30 p.m., 1:30 p.m. and 2:00
p.m. yesterday respectively.
Capitalised terms used and not otherwise defined in this
announcement have the meanings given in the Circular posted to
Shareholders on 7 September 2016.
Result of General Meeting
The resolution proposed at the General Meeting of the Company
held at 12:30 p.m. yesterday was put to the General Meeting on a
poll and was duly approved by the General Meeting by a majority of
100% of votes cast by those in attendance and exercising their
vote. The full results of the General Meeting are given below:
Resolution Votes % Votes % Against Total % Voting Votes
For For Against Votes Rights Withheld
Cast Voted
----------- -------------- ---------- --------- ---------- -------------- --------- ----------
1 324,898,903 100.00% 0 0.00% 324,898,903 78.15% 0
----------- -------------- ---------- --------- ---------- -------------- --------- ----------
Result of CZDP Class Meeting
The resolution proposed at the CZDP Class Meeting of the Company
held at 1:30 p.m. yesterday was put to the CZDP Class Meeting on a
poll and was duly approved by the CZDP Class Meeting, which
required the approval of a majority of 75% of the issued and
outstanding CZDPs. The full results of the CZDP Class Meeting are
given below:
Resolution Votes % Votes % Against Total % Voting Votes
For For Against Votes Rights Withheld
Cast Voted
----------- ------------- ---------- --------- ---------- ------------- --------- ----------
1 49,434,304 100.00% 0 0.00% 49,434,304 86.73% 0
----------- ------------- ---------- --------- ---------- ------------- --------- ----------
Result of Ordinary Share Class Meeting
The resolution proposed at the Ordinary Share Class Meeting of
the Company held at 2:00pm yesterday was put to the Ordinary Share
Class Meeting on a poll and was duly approved by the Ordinary Share
Class Meeting by a majority of 100% of the votes cast by those in
attendance and exercising their vote. The full results of the
Ordinary Share Class Meeting are given below:
Resolution Votes % Votes % Against Total % Voting Votes
For For Against Votes Rights Withheld
Cast Voted
----------- -------------- ---------- --------- ---------- -------------- --------- ----------
1 276,126,868 100.00% 0 0.00% 276,126,868 76.97% 0
----------- -------------- ---------- --------- ---------- -------------- --------- ----------
Shonaid Jemmett-Page, Chairman of Origo, commented:
"The directors of Origo are delighted to report the outcome of
the Meetings and the approval of the Proposals by the requisite
majorities of the Company's ordinary and CZDP shareholders. This
brings to an end a significant period of uncertainty and expense
for the Company and its shareholders. With the resumption of
trading of the Company's shares on AIM, the restructuring of the
Company's share capital and the resolution of the disputes with
Brooks Macdonald, Origo is in a significantly improved position to
deliver its Investing Policy of divesting the Company's entire
portfolio by November 2018."
For further information about Origo please visit
www.origoplc.com or contact:
Origo Partners plc niklas@origoplc.com
Niklas Ponnert
Nominated Adviser
Smith & Williamson Corporate
Finance Limited
Azhic Basirov +44 (0)20 7131
Ben Jeynes 4000
Public Relations
Aura Financial +44 (0)20 7321
Andy Mills 0000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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