28 Feb 2013 16:17
28 February 2013
Better Capital PCC Limited
(the "Company")
Results of Extraordinary General Meetings
The Company is pleased to announce that the proposal to revise the investment policy of the 2012 Cell and Fund II, as detailed in the Circular dated 11 February 2013, were duly passed without amendment at the extraordinary general meeting of the holders of the 2012 Shares and the extraordinary general meeting of all shareholders, each extraordinary general meeting being held earlier today.
The proxy votes received by the Company prior to the extraordinary general meetings were as follows:
Extraordinary General Meeting of the holders of the 2012 Shares
Resolution | Votes for (including discretionary) | Votes against | Withheld number* | ||
Number | % | Number | % | ||
That, the proposed investment policy set out in the circular to shareholders in the Company dated 11 February 2013 (the "Circular") be and is hereby adopted as the investment policy of the 2012 Cell (as defined in the Circular) to the exclusion of all previous investment policies of the 2012 Cell and the consequent amendments to the investment policy and the partnership agreement relating to Fund II (as defined in the Circular) be and are hereby approved. | 87,546,088 | 100.00 | Nil | Nil | Nil |
Extraordinary General Meeting of all shareholders
Resolution | Votes for (including discretionary)** | Votes against** | Withheld number* | ||
Number | % | Number | % | ||
That, the proposed investment policy set out in the circular to shareholders in the Company dated 11 February 2013 (the "Circular") be and is hereby adopted as the investment policy of the 2012 Cell (as defined in the Circular) to the exclusion of all previous investment policies of the 2012 Cell and the consequent amendments to the investment policy and the partnership agreement relating to Fund II (as defined in the Circular) be and are hereby approved. | 286,107,275 | 100.00 | Nil | Nil | Nil |
* A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the relevant resolution.
** The number of proxy votes in relation to the extraordinary general meeting of all shareholders of the Company has been calculated in accordance with the Company's articles of incorporation. The Company's articles of incorporation provide that at any general meeting of all shareholders of the Company:
1. each holder of 2009 Shares who is present in person shall have one vote and on a poll the vote shall be weighted where a vote cast in relation to each 2009 Share shall count as 1.1096 towards the total number of votes cast; and
2. each holder of 2012 Shares who is present in person shall have one vote and on a poll the vote shall be weighted where a vote cast in relation to each 2012 Share shall count as 0.9770 towards the total number of votes cast.
The full text of all the resolution can be found in the Circular dated 11 February 2013 which is available for viewing at the National Storage Mechanism, which is located at: http://www.hemscott.com/nsm.do, and from the Company's website at: http://www.bettercapital.gg.
Enquiries:
Better Capital PCC Limited +44 (0)1481 716 000
Mark Huntley (Director)
Laurence McNairn (Administrator and Company Secretary)
Numis Securities Limited (Corporate Broker & Financial Adviser) +44 (0)20 7260 1000
Nathan Brown
Oliver Hardy
Powerscourt (Public Relations Adviser) +44 (0)20 7250 1446
Carmen Murray