Result of General Meeting
Sosandar PLC announced that the special resolution regarding the capital reduction was passed at the General Meeting. The poll results showed that 96,292,978 votes were cast in favor, representing 99.98% of the votes, while 18,958 votes were cast against, representing 0.02%. Votes withheld totaled 46,404. The votes cast represented 38.80% of the issued share capital of 248,226,513 ordinary shares. The expected date of initial directions hearing of the Court is September 26, 2025, and the expected date of the Court Hearing to confirm the Capital Reduction is October 14, 2025, with registration of the Court Order and the effective date for the Capital Reduction expected on October 16, 2025.
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Capitalised terms used in this announcement have the meaning given in the circular published by the Company on 2 September 2025 in connection with the Capital Reduction and is available to view on the Company's website, unless the context requires otherwise or as otherwise defined herein.
The poll results for the Resolution are set out below.
Poll Results
| RESOLUTION | Votes FOR | Percentage FOR | Votes AGAINST | Percentage AGAINST | % of ISC voted | Votes WITHHELD | |
|---|---|---|---|---|---|---|---|
| 1 | Special Resolution: THAT, subject to the confirmation of the High Court of Justice in England and Wales, the amount standing to the credit of the share premium account of the Company be cancelled and credited to the reserves of the Company. | 96,292,978 | 99.98 | 18,958 | 0.02 | 38.80 | 46,404 |
Notes: 1. A vote "withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution. 2. The Company's total ordinary shares in issue (total voting rights) as at the date of the General Meeting is 248,226,513 ordinary shares of £0.001 each. There are no shares held in treasury. Every shareholder has one vote for every ordinary share held. 3. The issued share capital (" ISC ") figure used to calculate the percentage voted is 248,226,513.
The timetable for the remaining principal events in connection with the Capital Reduction are as follows:
| · Expected date of initial directions hearing of the Court: | 26 September 2025 |
| · Expected date of Court Hearing to confirm the Capital Reduction: | 14 October 2025 |
| · Registration of Court Order and expected effective date for the Capital Reduction: | 16 October 2025 |
Each of the times and dates set out in the above timetable is subject to change by the Company, in which event details of the new times and dates will be notified by an announcement through a Regulatory Information Service (as defined in the AIM Rules). In particular, the expected date for the Court Hearing and the Capital Reduction becoming effective are based on provisional dates that have been obtained for the required Court hearings of the Company's application. The dates are subject to any directions of the Court and the date for the registration of the Court Order is dependent upon, amongst other things, the date on which the Court confirms the Capital Reduction.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.