Result of General Meeting concerning Proposed Sale
Tribal Group PLC announced that shareholders overwhelmingly approved the proposed sale of the entire issued share capital to Main Capital Partners, with 99.96% of votes in favour. This resolution, representing 59.57% of the company's issued share capital, paves the way for completion in Q4 2026. Following completion, Tribal intends to proceed with cancellation and return net cash proceeds to shareholders via a members' voluntary liquidation.
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Result of General Meeting concerning the Proposed Sale of the entire issued share capital of the Group Companies to Main Capital Partners
Tribal (AIM: TRB) is pleased to announce that the Resolution put to shareholders at its General Meeting held earlier today was duly passed on a poll. The proxy votes received in advance of the meeting and the votes cast for and against the Resolution on the poll were as follows:
| Resolution | Description | Votes in favour of the resolution (%) | Votes in favour | Votes against | Votes marked as withheld / abstentions |
|---|---|---|---|---|---|
| 1 | Ordinary resolution to approve the Proposed Sale in accordance with AIM Rule 15 and Rule 21.1 of the Code | 99.96% | 127,651,489 | 55,930 | 57,995,873 |
A total of 127,707,419 votes were validly cast for or against the Resolution, representing 59.57% of the Company's issued share capital determined at the relevant voting-entitlement time. Votes withheld are excluded from the total votes validly cast.
It is expected that satisfaction of the NSIA Condition and Completion of the Proposed Sale will occur shortly and during Q4 2026, in accordance with the expected timetable set out in the Circular.
Following Completion, it remains the Company's intention to proceed swiftly to the Cancellation, and the Board intends that the Net Cash Proceeds will be returned to Shareholders as soon as reasonably practicable, through a members' voluntary (solvent) liquidation of the Company. In order to effect the return, the Directors intend separately to seek Shareholder approval for the Cancellation and to place the Company into MVL and appoint proposed liquidators. A further announcement will be made in due course.
Capitalised terms in this announcement shall have the same meaning as set out in the Company's Circular dated 2 October 2026. A copy of the Circular is available to be viewed on the Company's website at https://legal.tribalgroup.com/transaction-documents.
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