GGOR Gart.Gwth

 

TIDMATS TIDMGGOR 
 
RNS Number : 5303X 
Artemis Alpha Trust PLC 
07 December 2010 
 

                            Artemis Alpha Trust PLC 
                                7 December 2010 
                           Results of General Meeting 
The Board of Artemis Alpha Trust plc (the "Company") refers to the Circular and 
the Prospectus published by the Company on 11 November 2010 in connection with 
the scheme of reconstruction and winding up of Gartmore Growth Opportunities plc 
("GGO") and the related Bonus Issue of Subscription Shares.  Following GGO 
Shareholders voting in favour of the resolutions proposed at the class and 
general meetings of the holders of GGO Shares on 29 November 2010, the Board of 
the Company is pleased to announce that the special resolution and the ordinary 
resolution proposed at the General Meeting of the Company this morning in 
connection with the Proposals were both duly passed. 
Both Resolutions were passed on a show of hands.  The results of the proxy votes 
on the Resolutions were as follows: 
Resolution 1 (to approve the allotment of New Ordinary Shares to GGO 
Shareholders and to the holders of Manager Warrants, to renew the Company's 
authority to allot Ordinary Shares on a non-pre-emptive basis, to approve the 
Bonus Issue of Subscription Shares, to authorise the Company to make market 
purchases of Ordinary Shares and Subscription Shares, to cancel the amount 
standing to the credit of the Company's share premium account and to approve the 
adoption of the New Articles of Association) 
Votes for*:                            10,829,605 Ordinary Shares 
Votes against:                      361,784 Ordinary Shares 
Votes withheld**:                   0 Ordinary Shares 
Resolution 2*** (to approve certain changes to the terms of the Manager Warrant 
Agreements to allow the Manager Warrants to be exercised other than on their 
normal exercise dates and to approve certain changes to the investment 
management fee arrangements so as to introduce a performance fee) 
Votes for*:                            9,313,564 Ordinary Shares 
Votes against:                      387,333 Ordinary Shares 
Votes withheld**:                   75,265 Ordinary Shares 
 
*             the "Votes for" include those votes giving the Chairman 
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. 
***        Only Independent Shareholders (being Shareholders other than members 
of the Artemis Group and their Associates) were entitled to vote on this 
resolution. 
A copy of the Resolutions and the New Articles of Association has been submitted 
to the National Storage Mechanism and will shortly be available for inspection 
at http://www.hemscott.com/nsm.do. 
Elections by GGO Shareholders 
GGO Shareholders holding approximately 73.78 per cent. of the shares in GGO 
elected or were deemed to elect to roll over their investment into the Company 
and will be issued New Ordinary Shares under the Proposals.  The number of New 
Ordinary Shares to be issued pursuant to the GGO Scheme will be announced by 10 
December 2010 at the latest. 
Funding the Cash Option 
Earlier today, the Company entered into a new facility agreement with The Royal 
Bank of Scotland plc pursuant to which RBS has agreed to provide a GBP15 million 
multi currency revolving credit facility to the Company.  This facility is 
available until 12 November 2011.  The Company will draw down all or part of the 
facility on the Effective Date to fund in part elections for the Cash Option. 
Interest is payable on this facility at a rate which is the aggregate of a 
margin of 1.55 per cent. per annum, LIBOR and mandatory costs.  An arrangement 
fee of 0.6 per cent. of the amount of the facility is payable on the Effective 
Date. 
Expected timetable 
It should be noted that the Proposals remain conditional upon inter alia the 
approval of GGO Shareholders at the second general meeting of GGO to be held at 
10.00 a.m. on 10 December 2010. 
The expected timetable in relation to the implementation of the Proposals is as 
follows: 
+----------------+------------+ 
|                |       2010 | 
+----------------+------------+ 
| Calculation    |       5.00 | 
| Date           |       p.m. | 
|                |       on 7 | 
|                |   December | 
+----------------+------------+ 
| Second         |      10.00 | 
| general        |       a.m. | 
| meeting        |      on 10 | 
| of GGO         |   December | 
+----------------+------------+ 
| Effective      |         10 | 
| Date of        |   December | 
| the            |            | 
| Scheme         |            | 
+----------------+------------+ 
| Admission      |       8.00 | 
| and            |       a.m. | 
| dealings       |      on 13 | 
| commence       |   December | 
| in the         |            | 
| New            |            | 
| Ordinary       |            | 
| Shares         |            | 
| and the        |            | 
| Subscription   |            | 
| Shares and     |            | 
| CREST          |            | 
| accounts       |            | 
| credited in    |            | 
| respect of     |            | 
| New Ordinary   |            | 
| Shares and     |            | 
| Subscription   |            | 
| Shares         |            | 
| issued in      |            | 
| uncertificated |            | 
| form           |            | 
+----------------+------------+ 
| Conversion     |         13 | 
| Price of       |   December | 
| Subscription   |            | 
| Shares         |            | 
| announced      |            | 
+----------------+------------+ 
| Certificates   |       Week | 
| despatched     | commencing | 
| in respect     |         20 | 
| of New         |   December | 
| Ordinary       |            | 
| Shares and     |            | 
| Subscription   |            | 
| Shares         |            | 
| issued in      |            | 
| certificated   |            | 
| form           |            | 
+----------------+------------+ 
| Payment        |          4 | 
| date           |   February | 
| for the        |       2011 | 
| Interim        |            | 
| Dividend       |            | 
+----------------+------------+ 
Notes: 
1.       The dates set out in the expected timetable above may be adjusted by 
the Company, in which event details of the new dates will be notified to the UK 
Listing Authority and the London Stock Exchange and an announcement will be made 
through aregulatory information service that is on the list of regulatory 
information services maintained by the Financial Services Authority. 
2        All references to time in this announcement are to London time. 
Enquiries 
+---------+------------+---------------+ 
| Simon   | Artemis    | 07768 794 182 | 
| Miller  | Alpha      |               | 
|         | Trust      |               | 
|         | plc        |               | 
+---------+------------+---------------+ 
| Gordon  | Canaccord  | 020           | 
| Neilly/ | Genuity    | 7050          | 
| Rishi   | Limited    | 6778/         | 
| Zaveri  |            | 020 7050 6780 | 
+---------+------------+---------------+ 
| Mark    | Artemis    | 0131 225 7300 | 
| Tyndall | Investment |               | 
|         | Management |               | 
|         | LLP        |               | 
+---------+------------+---------------+ 
Notes 
Terms defined in the Circular to shareholders dated 11 November 2010 shall have 
the same meaning in this announcement unless the context otherwise requires. 
Canaccord Genuity Limited, which is authorised and regulated in the United 
Kingdom by the FSA, is acting for the Company and for no-one else in connection 
with the Proposals, and will not be responsible to anyone other than the Company 
for providing the protections afforded to customers of Canaccord Genuity Limited 
or for providing advice to any other person in relation to the Proposals or any 
other matter referred to in this announcement. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ROMFSSFIWFSSESE 
 

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