Result of AGM (0977D)
10 Maggio 2012 - 3:07PM
UK Regulatory
TIDMHCFT
RNS Number : 0977D
Highcroft Investments PLC
10 May 2012
HIGHCROFT INVESTMENTS PLC
("Highcroft" or "the Company")
Result of Annual General Meeting ("AGM")
Highcroft announces that at its AGM, which was held at 12.00
today, Resolutions 1 through 8, comprising all ordinary business
proposed by the Company, were duly passed on a show of hands.
Following a poll requested by the Chairman, Resolutions A through
C, comprising resolutions requisitioned by certain shareholders
representing at least 5 per cent. of the issued share capital of
the Company, were not passed. The results of the voting by poll
were as follows:
RESOLUTION FOR % AGAINST % WITHHELD
A - THAT in view of the
difficulty the Board is
having in finding suitable
investment properties for
the Company to purchase,
that the Board should formulate
a policy for distributing
excess net cash to shareholders
in a tax efficient manner.- 1,016,649 26.9 2,769,760 73.1 0
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B - THAT there appears
no need for the Company
to retain its portfolio
of equity investments which
should be realised and
the proceeds distributed
to shareholders in a tax
efficient manner. 1,011,649 26.7 2,774,760 73.3 0
---------- ----- ---------- ----- ---------
C - THAT if shareholders
do not agree to the Company's
equity portfolio being
realised as mentioned above
that the Board give consideration
to the payment of a dividend
to shareholders out of
the income received from
such portfolio. 1,018,149 27.0 2,756,660 73.0 11,600
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Enquiries:
John Hewitt / Roberta Miles 01865 840 023
Highcroft Investments PLC
Dugald J. Carlean / Karri Vuori 020 7149 6000
Charles Stanley Securities
This information is provided by RNS
The company news service from the London Stock Exchange
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