Silverwood Brands PLC Result of General Meeting
08 Marzo 2024 - 12:47PM
RNS Regulatory News
RNS Number : 1875G
Silverwood Brands PLC
08 March 2024
8 March 2024
Silverwood Brands plc
("Silverwood" or the
"Company", together with its subsidiaries, the "Group")
Result of General
Meeting
Silverwood Brands plc (Aquis: SLWD), a holding
company established to invest primarily in branded consumer
businesses, is pleased to announce that the Resolution to approve
the Capital Reduction announced on 20 February 2024 was duly passed
by a show of hands at the General Meeting of the Company held
today.
The total proxy votes were cast as
follows:
|
Resolution
|
For
|
Against
|
Total votes cast as % of Issued Share
Capital*
|
Votes Withheld
|
|
Number of
Votes
|
% of votes
cast
|
Number of
Votes
|
% of votes
cast
|
|
Proposed Cancellation of
Consideration Shares, Reduction of Share Capital and the release of
the Lush Vendors from any and all obligations arising under or in
connection with the SPA, Deed of Grant and Powers of Attorney or
with immediate effect
|
37,317,353
|
100%
|
0
|
0%
|
87.8%
|
0%
|
* The Company's issued share capital consists of 270,712,808
Ordinary Shares. Each Ordinary Share carries the right to vote at a
general meeting of the Company, and therefore, the total number of
voting rights in the Company is 270,712,808. However, it was agreed
that the holders of the Consideration Shares would not exercise
their voting rights in relation to those shares. Accordingly, the
total number of voting rights in the Company that could be
exercised at the General Meeting was 42,500,176. The
percentage in the table above is the number of shares voted by
proxy as a percentage of that total.
The Company will now apply to the Court for
confirmation of the cancellation of the Share Premium Account and
the Consideration Shares. Such confirmation is expected to be
received on or around 16 April 2024 and the Capital Reduction is
expected to take effect on or around 18 April 2024, when the order
of the Court confirming the Capital Reduction has been registered
by the Registrar of Companies. Subject to that registration,
trading in the Ordinary Shares on the Aquis Growth Market is
expected to be restored on or around 19 April 2024.
Further announcements will be made as
appropriate.
Words and expressions defined in the circular
to Shareholders dated 20 February 2024 have the same meaning in
this announcement. The circular is available on the Company's
website at www.silverwoodbrands.com.
For further
information, please contact:
|
|
|
|
Silverwood
Brands plc
Andrew Gerrie
Paul Hodgins
|
info@silverwoodbrands.com
|
|
Peterhouse
Capital Limited (Aquis Corporate
Adviser)
Mark Anwyl
Narisha Ragoonanthun
Brefo Gyasi
|
+44 (0)20 7469
0930
|
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END
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Grafico Azioni Silverwood Brands (AQSE:SLWD)
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Da Gen 2025 a Feb 2025
Grafico Azioni Silverwood Brands (AQSE:SLWD)
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