TIDMOCT
RNS Number : 5842L
Octagonal PLC
13 January 2021
13 January 2021
Octagonal PLC
(the "Company")
Results of the Annual General Meeting & Corporate Update
Further to the Shareholder Circular posted to Shareholders on 17
December 2020 seeking, amongst other matters, Shareholder approval
to cancel the admission of the Company's share capital to trading
on AIM, the Company announced at the Annual General Meeting held
today, all resolutions were passed.
In accordance with the COVID-related procedures for the Annual
General Meeting, each resolution was taken on a poll with the
results as set out below:
Resolutions approved:
1. To cancel the admission of the Company's share capital to trading on AIM.
2. To re-register the Company as a private limited company with the name Octagonal Limited.
3. To adopt new articles of association of the Company
appropriate for a private limited company.
4. To adopt the Company's annual accounts for the year ended 31 March 2020.
5. To reappoint PKF Littlejohn LLP as the auditors of the Company.
6. To reappoint Nilesh Jagatia as a director of the Company who
is required to retire by rotation in accordance with the Articles
of Association of the Company.
7. To grant the directors authority to allot shares in the
Company or grant rights to subscribe for or to convert any security
into shares up to an aggregate nominal amount of GBP100,000.
8. To authorise the directors to allot equity securities as
though section 561(1) of the Companies Act 2006 does not apply to
such allotment, for cash, up to an aggregate nominal amount of
GBP100,000.
9. To authorise the Company to make one or more market purchases
of ordinary shares in the Company, up to a maximum of 28,428,844
shares and a minimum price of 1p per share.
Results of the Annual General Meeting:
Resolution For Against Discretion Withheld Total votes Result and % of
to Chairman votes
Pass with 92.1
01 397,575,313 33,442,026 206 700,000 431,717,545 % in favour
------------ ----------- ------------- ---------- ------------ ----------------
Pass with 92.7
02 399,654,713 30,816,169 206 835,313 431,306,401 % in favour
------------ ----------- ------------- ---------- ------------ ----------------
Pass with 92.7
03 399,652,565 30,710,181 206 837,461 431,200,413 % in favour
------------ ----------- ------------- ---------- ------------ ----------------
Pass with 96.8
04 408,271,607 12,451,528 206 1,177,130 421,900,471 % in favour
------------ ----------- ------------- ---------- ------------ ----------------
Pass with 97.1
05 408,890,686 11,371,994 206 937,585 421,200,471 % in favour
------------ ----------- ------------- ---------- ------------ ----------------
Pass with 95.0
06 400,653,560 19,787,400 206 1,459,305 421,900,471 % in favour
------------ ----------- ------------- ---------- ------------ ----------------
Pass with 96.1
07 404,633,328 15,346,283 206 940,642 420,920,459 % in favour
------------ ----------- ------------- ---------- ------------ ----------------
Pass with 96.2
08 404,839,316 15,140,295 206 940,642 420,920,459 % in favour
------------ ----------- ------------- ---------- ------------ ----------------
Pass with 96.8
09 408,441,189 12,521,491 206 937,585 421,900,471 % in favour
------------ ----------- ------------- ---------- ------------ ----------------
Cancellation of its Ordinary Shares trading on AIM
As the relevant resolutions were passed, the expected date of
cancellation of the Company's share capital to trading on AIM is
21(st) January 2021. The Company's shares remain suspended.
Other matters
Separately, the Company's wholly owned subsidiary GIS (alongside
the Company's Chairman, who is also a party to the complaint)
continues to consult with its attorneys regarding the SEC
complaint.
The Board commented:
"The Board would like to thank Shareholders for their
overwhelming support. As previously stated, we intend to implement
a matched bargain facility for trading in our shares post our
re-registration as a private limited company and we will release
more details of that in due course. The Company is optimistic about
this new stage and about the new business initiatives that Global
Investment Strategy UK Limited's management have already put in
place."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please visit www.octagonalplc.com or
contact:
Octagonal Plc +44 (0) 20 7048 9400
John Gunn, Chairman
Beaumont Cornish (Nominated Adviser and Broker)
James Biddle / Roland Cornish +44 (0) 20 7628 3396
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END
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(END) Dow Jones Newswires
January 13, 2021 08:15 ET (13:15 GMT)
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