TIDMRDL
RNS Number : 4434F
RDL Realisation PLC
12 July 2019
12 July 2019
RDL REALISATION PLC
Result of Annual General Meeting
RDL Realisation plc (the "Company") announces that at the Annual
General Meeting of the Company held today, all resolutions apart
from Resolution 3 contained in the Notice of Annual General Meeting
were duly passed on a show of hands. Resolution 3 was passed on a
poll.
In respect of the Resolutions passed on a show of hands, the
number of proxy votes 'for' and 'against' each of the resolutions
put before the Annual General Meeting and the number of votes
'withheld' were as follows:
For Against Total Votes Withheld[1]
Resolution No. of % No. of % No. of No. of votes
votes votes votes
---------- ------ -------- ----- ------------ -------------
1. To receive
the Annual
Report and
Accounts 6,249,684 93.83 410,777 6.17 6,660,461 246,568
---------- ------ -------- ----- ------------ -------------
2. To approve
the Directors'
Remuneration
Report 6,906,384 99.99 321 0.01 6,906,705 325
---------- ------ -------- ----- ------------ -------------
4. To re-appoint
Brendan Hawthorne 6,620,099 95.85 286,931 4.15 6,907,030 0
---------- ------ -------- ----- ------------ -------------
5. To re-appoint
Gregory Share 6,597,843 95.52 309,187 4.48 6,907,030 0
---------- ------ -------- ----- ------------ -------------
6. To elect
Brett Miller 6,497,662 94.87 351,197 5.13 6,848,859 58,170
---------- ------ -------- ----- ------------ -------------
7. To elect
Joseph Kenary 6,907,030 100 0 0 6,907,030 0
---------- ------ -------- ----- ------------ -------------
8. To elect
Nick Paris 6,824,867 100 0 0 6,824,867 82,163
---------- ------ -------- ----- ------------ -------------
9. To re-appoint
Deloitte as
auditor 6,906,705 100 0 0 6,906,705 325
---------- ------ -------- ----- ------------ -------------
10. To authorise
the Audit Committee
to determine
the auditor's
remuneration 6,907,030 100 0 0 6,907,030 0
---------- ------ -------- ----- ------------ -------------
11. To authorise
the Directors
to allot shares 6,906,605 100 0 0 6,906,605 425
---------- ------ -------- ----- ------------ -------------
12. Authority
to disapply
pre-emption
rights (Special
Resolution) 6,906,605 100 0 0 6,906,605 425
---------- ------ -------- ----- ------------ -------------
13. To authorise
the Company
to purchase
its own shares
(Special Resolution) 6,906,605 100 0 0 6,906,605 425
---------- ------ -------- ----- ------------ -------------
14. To authorise
the Company
to call a general
meeting on
not less than
14 clear days'
notice (Special
Resolution) 6,842,040 99.06 64,890 0.94 6,906,930 100
---------- ------ -------- ----- ------------ -------------
[1] A vote withheld is not a vote under English law and is
therefore not included in the calculation of votes for and against
a resolution.
The results for Resolution 3, which was held on a poll, were as
follows:
For Against Total Votes Withheld[1]
Resolution No. of % No. of % No. of No. of votes
votes votes votes
---------- ------ ---------- ------ ------------ -------------
3. To re-elect
Dominik
Dolenec 8,303,699 78.82 2,231,735 21.18 10,535,434 177,274
---------- ------ ---------- ------ ------------ -------------
[1] A vote withheld is not a vote under English law and is
therefore not included in the calculation of votes for and against
a resolution.
The Board has considered the results of the Annual General
Meeting today and notes the number of votes cast against Resolution
3 which received under 80 per cent. approval. We have engaged with
our major shareholders ahead of the vote and understand their views
on this matter.
Dominik Dolenec has asked to step down as Chairman of the
Company and Brendan Hawthorne has been elected as Chairman by the
Directors. Now that the majority of the work required to wind up
the activities of the Company has been completed or is well
underway, Mr. Dolenec and the Board felt it appropriate to
transition the role as Chairman to a non-executive director. Mr.
Dolenec will remain an Executive Director with a particular focus
on maximising the recovery of the Company's investment in
Princeton. The Board expresses their sincere thanks on behalf of
all of the Company's shareholders for his executive leadership in
the portfolio restructuring and the wind down of the Company.
Separately, the Company has also been notified that Oaktree
Value Equity Holdings, L.P. and LIM Advisors (London) Limited have
agreed with each other, subject to certain conditions, not to
requisition any addition to or removal from the Company's Board of
Directors for the period up to 31 December 2019.
A copy of all resolutions passed as special business will
shortly be available for inspection on the National Storage
Mechanism at www.morningstar.co.uk/uk/NSM.
A copy of the voting results shown above will also be made
available on the Company's website at
www.rdlrealisationplc.co.uk
For further information, please contact:
Link Company Matters Limited +44 (0)1392 477 571
Secretary
Liberum Capital Limited
Joshua Hughes +44 (0)20 3100 2000
LEI: 549300VGZSKYQ7C2U221
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
RAGCKBDKABKDQOD
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