Result of General Meeting - Replacement
Craneware plc's August 20, 2025, general meeting resulted in the approval of all four resolutions regarding a capital reduction. Resolution 1, to capitalize the merger reserve and allot B ordinary shares, received 24,506,336 votes for (100.00%), 343 votes against (0.00%), and 4,665 votes withheld. Resolution 2, outlining B ordinary share rights and restrictions, received 24,510,788 votes for (100.00%), 343 votes against (0.00%), and 213 votes withheld. Resolutions 3 and 4, concerning capital reduction by cancelling B ordinary shares and cancelling the share premium account respectively, also achieved 100% approval with minimal votes against and withheld. A total of 24,511,344 votes were cast across all resolutions, representing 69.22% of the total voting rights (35,409,802 ordinary shares in issue). The capital reduction is conditional upon Court of Session approval, expected around October 2025.
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The headline for the Craneware plc announcement released on 20 August 2025 at 16:28 under RNS No 1424W should read Result of General Meeting.
The announcement text is unchanged and is reproduced in full below.
Craneware plc
("Craneware" or the "Company")
Result of General Meeting
20 August 2025 - Craneware (AIM: CRW.L), a leader in healthcare financial performance solutions, announces that at a general meeting of the Company (the "General Meeting") held earlier today, at Tanfield House, 1 Tanfield, Edinburgh, EH3 5DA, UK, the resolutions to approve the proposed capital reduction were voted on by shareholders, by way of a poll, and were duly approved.
Details of the resolutions were set out in the circular posted to shareholders on 1 August 2025 which can also be found on the Company's website at www.thecranewaregroup.com.
| No. | Resolution | Votes For (a) | % For | Votes Against | % Against | Votes Withheld (b) | Total |
|---|---|---|---|---|---|---|---|
| 1 | To capitalise the merger reserve of the Company and authorise the directors to allot unissued B ordinary shares | 24,506,336 | 100.00 | 343 | 0.00 | 4,665 | 24,511,344 |
| 2 | To set out the rights and restrictions attaching to the B ordinary shares | 24,510,788 | 100.00 | 343 | 0.00 | 213 | 24,511,344 |
| 3 | To reduce the capital of the Company by cancelling and extinguishing the B Ordinary Shares allotted and issued pursuant to resolution 1 and to credit the amount of such reduction to the reserves of the Company | 24,511,131 | 100.00 | 0 | 0.00 | 213 | 24,511,344 |
| 4 | To cancel the share premium account of the Company and to credit the amount of such reduction to the reserves of the Company | 24,511,131 | 100.00 | 0 | 0.00 | 213 | 24,511,344 |
Notes:
- The 'For' votes include those proxy votes which gave the Chair discretion.
- A vote withheld is not a vote in law and is not counted in the calculation of the votes 'For' or 'Against' the resolution.
- All resolutions put to the General Meeting were special resolutions.
The total number of Ordinary Shares of the Company in issue (excluding shares held in Treasury) on 18 August 2025, the deadline for casting votes by proxy in advance of the General Meeting, was 35,409,802 Ordinary Shares. 69.22 per cent of the total voting rights in the Company was instructed in respect of the resolutions put to the General Meeting.
The Company's shareholders should note that the proposed reduction of capital is conditional upon confirmation being obtained from the Court of Session, Edinburgh, Scotland (the "Court").
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
| Expected date of the first Court hearing for initial directions | in or around late August 2025 |
| Capital Reduction Record Time | 6.30 p.m. on the Business Day preceding the Court hearing to confirm the Reduction of Capital |
| Expected date of the second Court hearing to confirm the Reduction of Capital | in or around October 2025 |
| Effective Date of the Reduction of Capital | Business Day after the Court order confirming the Reduction of Capital |
Notes: Each of the times and dates, as set out in the Expected Timetable of Principal Events above, is based on current expectations and is subject to change. If any of the above times and/or dates is changed, the revised times and/or dates will be notified to Shareholders by announcement through a regulatory information service. All above references to times are to London times.
Learn more at www.thecranewaregroup.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.