5 Dec 2018 15:51
MBL Group plc / Epic: MUBL / Index: AIM
RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
For immediate release
5 December 2018
MBL Group PLC
("MBL" or the "Company" or the "Group")
Result of reconvened Annual General Meeting
At the reconvened Annual General Meeting of the Company ("AGM") held this afternoon Resolutions 2 & 3, concerning the re-appointment of directors, were passed on a show of hands in the Meeting. Resolutions 4-9 were not passed on a poll.
The results of the poll are set out below:
Resolution | Votes for | % | Votes against | % | Votes total | % of issued share capital | Votes withheld (Note) |
4. to re-appoint the auditors
| 4,406,366 | 33.80 | 8,630,424 | 66.20 | 13,036,790 | 75.37% | 1,467,822 |
5. to allow the Directors to agree the auditors' remuneration | 4,406,526 | 30.37 | 10.101,419 | 69.63 | 14,507,945 | 83.88% | 0 |
6. to approve political donations | 2,506,667 | 17.28 | 12,001,118 | 82.72 | 14,507,785 | 83.88% | 160 |
7. to authorise the directors to allot shares in the Company | 2,509,666 | 17.30 | 11,998,119 | 82.70 | 14,507,785 | 83.88% | 160 |
8. to allow dis-application of pre-emption rights | 2,509,666 | 17.30 | 11,994,786 | 82.70 | 14,504,452 | 83.86% | 160 |
9. to allow the Directors to make purchases of the Company's shares | 2,509,666 | 17.30 | 11,994,786 | 82.70 | 14,504,452 | 83.86% | 160 |
Note: A 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.
As previously announced, following the appointment of administrators to Windsong International Limited on 15 June 2018, MBL became a Rule 15 Cash Shell under Rule 15 of the AIM Rules for Companies from that date. Within six months of becoming an AIM Rule 15 cash shell, the Company must make an acquisition or acquisitions which constitute(s) a reverse takeover under Rule 14 of the AIM Rules for Companies. In the event that the Company does not complete a reverse takeover under AIM Rule 14 within six months of becoming a cash shell, the Exchange will suspend trading in the Company's ordinary shares pursuant to AIM Rule 40 on 17 December 2018.
For further information visit www.mblgroup.co.uk
Contact:
Anton Lane James Reynolds
| MBL Group plc | 01454 777 831 |
Mark Brady
| SPARK Advisory Partners Limited (Nominated Adviser) | 0113 370 8970 |