29 Apr 2020 07:00
Life Settlement Assets PLC
LEI: 2138003OL2VBXWG1BZ27
Results of General Meeting and Ordinary Share Class Meetings
Life Settlement Assets PLC (the "Company") today announces the results of the General Meeting and the Class Meetings (the "Meetings") the details of which were set out in the circular to Shareholders published by the Company on 2 April 2020 (the "Circular").
Result of Meetings
The Company is pleased to announce that at the General Meeting and Class Meetings for Class A, D and E Ordinary Shares held on 28 April 2020, each of the Special Resolutions proposed in the circular were duly passed on a poll.
The votes cast in the poll were as follows:
Votes For | Votes Against | Votes Withheld | ||
General Meeting | Resolution 1 | 37,743,702 (83.34%) | 7,546,874 (16.66%) | 2,147,997 |
General Meeting | Resolution 2 | 37,743,702 (83.34%) | 7,546,874 (16.66%) | 2,147,997 |
General Meeting | Resolution 3 | 37,743,702 (83.34%) | 7,546,874 (16.66%) | 2,147,997 |
Class Meeting A Ordinary Shares | Resolution 1 | 24,882,749 (76.73% | 7,546,874 (23.27%) | 2,147,997 |
Class Meeting D Ordinary Shares | Resolution 1 | 8,792,561 (100%) | Nil | Nil |
Class Meeting E Ordinary Shares | Resolution 1 | 1,551,761 (100%) | Nil | Nil |
Following the approval of Shareholders of all resolutions the Company will re-designate Class D and E Ordinary Shares as Class A Ordinary Shares and the assets and liabilities attributable to Class D and E Ordinary Shares will be attributed to the Class A Ordinary Shareholders in accordance with the Circular.
An application has been made to the London Stock Exchange for the suspension of the D Ordinary Shares and the E Ordinary Shares to be effective from 7:30 a.m. on 29 April 2020.
All capitalised terms in this announcement have the meaning given to them in the Circular, unless otherwise defined herein.
Expected timetable
2020 | |
Calculation Date | 30 April |
Record Date for the entitlement of D Ordinary Shareholders and E Ordinary Shareholders to their new holdings of A Ordinary Shares. | Close of business on 30 April |
CREST accounts credited for revised holdings of new A Ordinary Shares. | 5 May |
Expected despatch of share certificates for holdings of new A Ordinary Shares. | Week commencing 11 May |
Notes:
Each of the times and dates in the above timetable is subject to change and may be extended or brought forward without further notice. The Company will notify investors of any such changes to these times and dates by making an announcement via a Regulatory Information Service.
References to times are to London times unless otherwise stated
Enquiries:
Life Settlement Assets PLC
Michael Baines (Chairman)
020 7258 5990
Acheron Capital Limited (Investment Manager)
Jean-Michel Paul
020 7258 5990
Shore Capital (Financial Adviser and Broker)
Robert Finlay
020 7601 6115
ISCA Administration Services Limited
Company Secretary
Tel: 01392 487056