Result of General Meeting
RC365 Holding Plc announced that all resolutions were passed at its general meeting, with strong shareholder support. Ordinary resolutions to authorise directors to allot securities for Conversion Shares, Broker Warrants, and Investor Warrants received approximately 98.77% of votes in favour. Special resolutions to disapply pre-emption rights for these same purposes also passed with around 98.54% of votes in favour. These approvals grant the directors significant authority regarding the issuance of new securities.
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RC365 Holding Plc (LSE: RCGH) announces that at the Company's general meeting ("AGM"), held earlier today, all resolutions were duly passed.
The proxy votes received in relation to these resolutions were as follows:
| Resolution Number | Resolution | Shares | ||||
|---|---|---|---|---|---|---|
| For | % of votes | Against | % of votes | Withheld | ||
| ORDINARY RESOLUTIONS: | ||||||
| 1 | To authorise the directors of the Company to allot the relevant securities up to an aggregate nominal amount of £4,260,000 in connection with the Conversion Shares (as specified in the Notice of General Meeting). | 39,015,430 | 98.77% | 487,130 | 1.23% | 111,038 |
| 2 | To authorise the directors of the Company to allot the relevant securities up to an aggregate nominal amount of £180,000 in connection with the Broker Warrants (as specified in the Notice of General Meeting). | 39,015,409 | 98.77% | 487,151 | 1.23% | 111,038 |
| 3 | To authorise the directors of the Company to allot the relevant securities up to an aggregate nominal amount of £8,520,000 in connection with the Investor Warrants (as specified in the Notice of General Meeting). | 39,015,409 | 98.77% | 487,151 | 1.23% | 111,038 |
| SPECIAL RESOLUTIONS: | ||||||
| 4 | To authorise the directors of the Company to disapply statutory pre-emption rights to allow for equity securities for cash on a non pre-emptive basis in connection with the Conversion Shares (as specified in the Notice of General Meeting). | 38,923,795 | 98.54% | 578,128 | 1.46% | 111,675 |
| 5 | To authorise the directors of the Company to disapply statutory pre-emption rights to allow for equity securities for cash on a non pre-emptive basis in connection with the Broker Warrants (as specified in the Notice of General Meeting). | 38,923,834 | 98.54% | 578,128 | 1.46% | 111,636 |
| 6 | To authorise the directors of the Company to disapply statutory pre-emption rights to allow for equity securities for cash on a non pre-emptive basis in connection with the Investor Warrants (as specified in the Notice of General Meeting). | 38,923,834 | 98.54% | 578,128 | 1.46% | 111,636 |
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