BlueCrest BlueTrend Limited Result of EGM (5424F)

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RNS Number : 5424F

BlueCrest BlueTrend Limited

25 April 2014

 
                                                             BLUECREST BLUETREND (THE "COMPANY") 
                                                      RESULTS OF EXTRA-ORDINARY GENERAL MEETING ("EGM") 
                                         The Board of the Company is pleased to announce that the special resolution 
                                         put to shareholders at the EGM held on 25 April 2014 was passed unanimously. 
                                                         The detail of such resolution is as follows: 
                            SPECIAL RESOLUTION 
       THAT the Company be and is hereby authorised, in accordance with The 
       Companies (Guernsey) Law, 2008 (as amended) (the "Companies Law") 
       conditional on the Ordinary Shares (as defined in the Company's articles 
       of incorporation (the "Articles") remaining traded on the main market 
       of the London Stock Exchange plc, to make market acquisitions (within 
       the meaning of section 316 of the Companies Law) of each class of 
       its own Ordinary Shares which may be cancelled or held as treasury 
       shares, provided that: 
       (i) the maximum number of shares authorised to be purchased under 
       this authority is 14,393,316 Ordinary Shares denominated in Sterling 
       ("Sterling Shares") and 10,801,680 Ordinary Shares denominated in 
       U.S. Dollars ("US$ Shares") or if less, that number of Ordinary Shares 
       in each class which is equal to the 14.99 per cent. of the relevant 
       class of share, excluding shares held in treasury, as at the date 
       of the EGM; 
       (ii) the minimum price (exclusive of expenses) which may be paid for 
       an Ordinary Share shall be GBP0.01 per Sterling Share or US$0.01 per 
       US$ Share; and 
       (iii) the maximum price (exclusive of expenses) which may be paid 
       for an Ordinary Share is not more than an amount equal to the higher 
       of: (x) five per cent above the average of the mid-market value of 
       the Ordinary Shares of the relevant class taken from the Official 
       List of the UK Listing Authority for the five business days prior 
       to the day the purchase is made; and (y) the higher of the price of 
       the last independent trade and the highest current independent bid 
       for Ordinary Shares of the relevant class on the trading venue where 
       the purchase is carried out, such authority to expire on the date 
       which is 15 months from the date of the passing of this resolution 
       or, if earlier, at the end of the next annual general meeting of the 
       Company to be held in 2014 (unless previously renewed, revoked or 
       varied by the Company by extraordinary resolution) save that the Company 
       may make a contract to acquire Ordinary Shares under this authority 
       before its expiry which will or may be executed wholly or partly after 
       its expiration and the Company may make an acquisition of Ordinary 
       Shares pursuant to such a contract. 
       Terms defined in the Articles shall have the same meanings as in this 
       resolution, save where the context otherwise 
       requires. Result of Resolution   Total Shares voted     Votes cast in favour   Votes cast against 
                                (% of issued share     (% of votes cast       (% of votes cast 
                                capital of Company,    in favour)             against) 
                                excluding Treasury 
                                shares) 
       ---------------------  ---------------------  ---------------------  ------------------- 
        Pass                   80,978,076 (49.35%)    80,978,076 (100%)      nil 
       ---------------------  ---------------------  ---------------------  -------------------

No votes were cast against the Special Resolution or withheld.

In accordance with Listing Rule 9.6.2, a copy of the above Special Resolution has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

For further information, please contact:

Kellie Blondel

Dexion Capital (Guernsey) Limited

+44 (0) 1481 743940

This information is provided by RNS

The company news service from the London Stock Exchange

END

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