Vector Capital plc
("Vector Capital" or
the "Company")
Result of General
Meeting
Vector Capital announces the results of the
voting on the ordinary resolution and the special resolution
proposed at the General Meeting held on 20 August 2024 to approve a
return of up to £3.71 million to Shareholders by way of a tender
offer and the cancellation of admission of ordinary shares to
trading on AIM.
The resolutions were duly passed. The
poll results are set out below.
|
Ordinary Resolution
|
Votes for
|
%
|
Votes against
|
%
|
Votes total
|
% of issued share
capital
|
Votes withheld
|
|
To approve the market purchases of Ordinary
Shares by the Company in connection with the Tender Offer and the
Repurchase
|
39,012,020
|
99.26
|
26,444
|
0.07
|
39,038,464
|
86.28
|
10,000
|
|
Special Resolution
|
Votes for
|
%
|
Votes against
|
%
|
Votes total
|
% of issued share
capital
|
Votes withheld
|
|
To approve the cancellation of admission of the
Ordinary Shares to trading on AIM
|
38,995,111
|
99.21
|
43,353
|
0.11
|
39,038,464
|
86.28
|
10,000
|
As a result of Resolution 1 having been passed, the Tender Offer is
now unconditional. The Closing Date of the Tender Offer
continues to be 1.00pm on 3 September 2024 as indicated in the
Circular.
As a result of Resolution 2 having been passed,
the Company is scheduled to have its trading in its shares on AIM
cancelled with effect from 7.00am on 16 September 2024.
The result of the General Meeting will also be
made available on the Company's website: https://vectorcapital.co.uk/
The Board urges Shareholders to carefully read
the Circular published on 2 August 2024, which provides information
about the background to, and reasons for, the Tender Offer and
De-Listing. The Circular can also be found on the Company's
website: https://vectorcapital.co.uk/
Shareholders who wish to tender their Ordinary
Shares in the Tender Offer should note that the Tender Offer
remains open until 1.00 p.m. on 3 September 2024. In order to
tender their Ordinary Shares, Shareholders must lodge their
completed Tender Forms with the Company's receiving agent, Neville
Registrars Limited, or submit their instructions via
CREST.
Defined
Terms
Defined terms in this announcement have the
same meaning as in the Circular (unless otherwise
specified).
For further information please
contact:
Vector Capital
plc
Robin Stevens
Agam Jain
c/o IFC Advisory Limited
Zeus Capital
Limited
Hugh Morgan, Darshan Patel
+44 (0) 20 3829 5000
IFC Advisory
Limited
Graham Herring, Florence Chandler, Zach
Cohen
+44 (0) 20 3934 6630
About Vector
Capital:
Vector Capital provides secured,
business-to-business loans to SMEs based principally in England and
Wales. Loans are typically secured by a first legal charge
against real estate. The Group's customers typically borrow for
general working capital purposes, bridging ahead of
refinancing, land development and property acquisition. The loans
provided by the Group are typically for renewable 12-month terms
with fixed interest rates.
