Last checked at 18 Mar 2015 11:23
18 March 2015
MICROGENplc ("Microgen" or the "Company")
RESULTS OF GENERAL MEETING
Microgen plc announces that at the General Meeting of the Company held earlier today to approve the Return of Value of approximately £20 million by way of a B/C Scheme, including a Share Capital Consolidation and amendments to the Company's Articles of Association, each of the ordinary and special resolutions put to Shareholders was duly passed.
Proxy appointments were validly made in respect of 63,206,855 Existing Ordinary Shares; being 84.7 per cent. of the issued share capital of 74,610,669 Existing Ordinary Shares. All the resolutions were passed at the meeting on a show of hands, however, a summary of the proxy votes received by the Company prior to the meeting was as follows:
Resolution
| Votes for and discretionary | Votes against | Votes withheld |
1. Return of Value, Share Capital Consolidation and amendments to the Company's Articles of Association
| 63,206,265 | 290 | 300 |
2. To authorise the Directors to issue new shares
| 63,206,485 | 370 | 0 |
3. To disapply pre-emption rights
| 63,190,985 | 15,070 | 800 |
4. To authorise the Company to make market purchases of New Ordinary Shares
| 63,205,285 | 1,570 | 0 |
The Record Time for the Return of Value and Share Capital Consolidation is 6.00 p.m. today, 18 March 2015. The latest time and date for dealings in Existing Ordinary Shares will be 4.30 p.m. today, 18 March 2015.
All definitions used in the circular to Shareholders dated 25 February 2015 containing the notice of the general meeting (the "Circular") apply to this announcement.
To view the Circular, please visit the Company's website at www.microgen.com. A copy of the Circular was submitted to the UK Listing Authority's National Storage Mechanism and the Circular is also available for inspection at www.hemscott.com/nsm.do.
Contacts
Martyn Ratcliffe, Chairman 020-7496-8100
Philip Wood, Group Finance Director