RE: ShanJo10 Sep 2020 15:48
CAR3Y,
Check AGM notice resolutions 5 and special res 6 on page 67 2019 Annual Report
5 Directors’ authority to allot shares
That, in substitution for any equivalent authorities and
powers granted to the directors prior to the passing of
this resolution, the directors be and they are generally and
unconditionally authorised pursuant to Section 551 of the
Companies Act 2006 (the “Act”) to exercise all powers
of the Company to allot shares in the Company, and to
grant rights to subscribe for or to convert any security
into shares in the Company (“Relevant Securities”)
up to an aggregate nominal amount of £2,865,753.50
(representing approximately 50% of the issued share
capital of the Company at the date of this notice) provided
that, unless previously revoked, varied or extended...
SPECIAL RESOLUTION
6 Directors’ power to issue shares for cash
That, conditional upon the passing of resolution number
5, the directors be and they are empowered pursuant
to Section 570(1) of the Act to allot equity securities
(as defined in Section 560(1) of the Act) of the Company
wholly for cash pursuant to the authority of the directors
under Section 551 of the Act conferred by resolution
5 above as if Section 561(1) of the Act did not apply
to such allotment provided that the power conferred
by this resolution shall be limited to the allotment of
equity securities up to an aggregate nominal value equal
to £2,865,753.50 (representing approximately 50% of
the issued share capital of the Company at the date
of this notice) and, unless previously revoked, varied
or extended, this power shall expire on the conclusion
of the next AGM of the Company, except that the
Company may before the expiry of this power make
an offer or agreement which would or might require
equity securities to be allotted after such expiry and the
directors may allot equity securities in pursuance of such
an offer or agreement as if this power had not expired.
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