World Trade Systems PLC Correction to Notice of GM (7827H)
August 22 2016 - 4:00AM
UK Regulatory
TIDMWTS
RNS Number : 7827H
World Trade Systems PLC
22 August 2016
WORLD TRADE SYSTEMS PLC ("the Company")
CORRECTION TO ANNOUNCEMENT OF NOTICE OF AGM
The Company announces that the proposed Special Resolution No 3
and Ordinary Resolution No.12 in the Notice of Annual General
Meeting contained in the announcement released on 17 August 2016
under RNS 4682H were incorrect and have been amended and replaced
by the substituted Resolutions below:
Special resolution No.3
THAT the directors be and they are hereby empowered pursuant to
Section 570 and Section 573 of the Companies Act 2006 to allot
equity securities (within the meaning of Section 560 of the Act) in
such amount as the Directors shall determine in their discretion up
to a maximum of 87,538,670 shares for cash pursuant to the
authority conferred by Resolution 12 below provided that this power
shall be subject to those limitations contained in the Company's
Articles, if any, and to relevant laws and regulations, and shall
expire upon the expiry of the general authority conferred by
Resolution 12 below, save that the company shall be entitled to
make offers or agreements before the expiry of such power which
would or might require equity securities to be allotted after such
expiry and the directors shall be entitled to allot equity
securities pursuant to any such offer or agreement as if the power
conferred had not expired.
Ordinary resolution No.12
THAT the directors of the Company be and they are hereby
generally and unconditionally authorized pursuant to and in
accordance with section 551 of the Companies Act 2006) to exercise
all the powers of the Company to allot shares in the Company up to
a maximum of 87,538,670 shares provided that this authority shall
expire at the end of the next Annual General Meeting of the Company
to be held in 2017 or a period of fifteen months, and save that the
Company shall be entitled to make offers or agreements before the
expiry of the authority which would or might require shares to be
allotted after such expiry and the directors shall be entitled to
allot shares pursuant to any such offer or agreement as if this
authority had not expiredÍž and all authorities vested in the
directors on the date of this notice of meeting to allot shares
that remain unexercised at the commencement of the meeting be and
hereby revoked.
The full text of the corrected Notice of AGM is attached.
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE
ATTENTION.
If you are in any doubt as to what action you should take, you
are recommended to seek your own financial advice from your
stockbroker or other independent adviser authorised under the
Financial Services and Markets Act 2000.
If you have sold or transferred all of your shares in World
Trade Systems plc, please forward this document, together with the
accompanying documents, as soon as possible either to the purchaser
or transferee or to the person who arranged the sale or transfer so
they can pass these documents to the person who now holds the
shares.
WORLD TRADE SYSTEMS PLC
NOTICE IS GIVEN that the 2016 Annual General Meeting of World
Trade Systems plc ("Company") will be held at the offices of
Citroen Wells Chartered Accountants, 4(th) floor, Devonshire House,
1 Devonshire Street, London W1W 5DR on 30 September 2016 at 11 a.m.
to consider and, if thought fit, to pass Resolutions 1 to 5
inclusive as special resolutions 6 to 12 inclusive as ordinary
resolutions:
SPECIAL RESOLUTIONS
1. THAT the memorandum of association of the Company be amended by deleting Clause 6.
2. THAT the articles of association of the Company be amended by
deleting article [3] [3.1]
3. THAT the directors be and they are hereby empowered pursuant
to Section 570 and Section 573 of the Companies Act 2006 to allot
equity securities (within the meaning of Section 560 of the Act) in
such amount as the Directors shall determine in their discretion up
to a maximum of 87,538,670 shares for cash pursuant to the
authority conferred by Resolution 12 below provided that this power
shall be subject to those limitations contained in the Company's
Articles, if any, and to relevant laws and regulations, and shall
expire upon the expiry of the general authority conferred by
Resolution 12 below, save that the company shall be entitled to
make offers or agreements before the expiry of such power which
would or might require equity securities to be allotted after such
expiry and the directors shall be entitled to allot equity
securities pursuant to any such offer or agreement as if the power
conferred had not expired.
4. THAT a general meeting of the Company may be called on not
less than 14 clear days' notice provided that this authority shall
expire at the conclusion of the next GM of the Company.
5. THAT the Company be and is authorised to serve any notice or
send any other document or information to a member (or where
applicable a nominee) by making the notice or document or
information available on the Company's website or by using other
electronic means.
ORDINARY RESOLUTIONS
6. THAT the directors' and auditors' report and accounts of the
Company for the period ended 31December 2015 be approved and
adopted.
7. THAT the Directors' Remuneration Report for the year ended 31
December 2015 be approved and adopted.
8. THAT Grant Thornton UK LLP be re-appointed as the auditors of
the Company to hold office for the period prescribed by section 485
of the Companies Act 2006.
9. THAT the remuneration of the auditors for the period of their
office shall be such sum as shall be mutually agreed between them
and the directors of the Company.
10. THAT the retirement and re-election of Dr Shao Chen as a
director of the Company be and is hereby approved.
11. THAT the retirement and re-election of Murzban Mehta as a
director of the Company be and is hereby approved.
12. THAT the directors of the Company be and they are hereby
generally and unconditionally authorized pursuant to and in
accordance with section 551 of the Companies Act 2006) to exercise
all the powers of the Company to allot shares in the Company up to
a maximum of 87,538,670 shares provided that this authority shall
expire at the end of the next Annual General Meeting of the Company
to be held in 2017 or a period of fifteen months, and save that the
Company shall be entitled to make offers or agreements before the
expiry of the authority which would or might require shares to be
allotted after such expiry and the directors shall be entitled to
allot shares pursuant to any such offer or agreement as if this
authority had not expiredÍž and all authorities vested in the
directors on the date of this notice of meeting to allot shares
that remain unexercised at the commencement of the meeting be and
are hereby revoked.
BY ORDER OF THE BOARD
_______________________
Murzban Mehta
Secretary
Dated: 16 August 2016
Registered Office
Devonshire House
1 Devonshire Street
London
W1W 5DR
Registered in England and Wales
Company No: 01698076
This information is provided by RNS
The company news service from the London Stock Exchange
END
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