27 Sep 2019 14:03
27 September 2019
Quadrise Fuels International plc
("Quadrise", "QFI'')
Result of General Meeting
Quadrise Fuels International plc (AIM: QFI) is pleased to announce that both of the Resolutions proposed at the General Meeting of the Company held earlier today were duly passed.
As a result, the Open Offer and Subscription announced by the Company on 9 September 2019 will proceed. The results of the Open Offer are expected to be announced on 30 September 2019.
Both of the Resolutions proposed at the General Meeting were voted on by way of a show of hands. Resolution 1 was passed as an ordinary resolution and Resolution 2 was passed as a special resolution. The results of the votes incorporating proxy votes lodged in advance of the meeting are set out below.
Capitalised terms used but not otherwise defined in this announcement bear the same meanings ascribed to them in the circular of the Company dated 9 September 2019.
Resolution | Votes for | % | Votes against | % | Total votes cast | Votes withheld | |
1. | To authorise the directors to allot shares pursuant to section 551 of the Companies Act 2006
| 260,820,220 | 99.89 | 279,781 | 0.11 | 261,100,001 | 5,665,593 |
2. | To disapply section 561 Companies Act 2006
| 260,751,549 | 99.88 | 326,178 | 0.12 | 261,077,727 | 5,687,867 |
Notes:
1. Any proxy appointments which gave discretion to the chairman of the meeting have been included in the 'Votes for' total.
2. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of "Votes for" and "Votes against" a Resolution, nor in the calculation of "Total votes cast" for any Resolution.
3. The issued share capital of the Company as at the date of the General Meeting was 931,100,784 ordinary shares.
For further information, please refer to the Company's website at www.quadrisefuels.com, or contact ir@quadrisefuels.com or:
Quadrise Fuels International Plc | |
Mike Kirk, Executive Chairman | +44 (0)20 7031 7321 |
Jason Miles, Chief Operating Officer | |
Nominated Adviser | |
Cenkos Securities plc | |
Dr Azhic Basirov | +44 (0)20 7397 8900 |
Ben Jeynes | |
Katy Birkin | |
Joint Broker | |
Peel Hunt LLP | |
Richard Crichton | +44 (0)20 7418 8900 |
David McKeown | |
Joint Broker | |
Shore Capital Stockbrokers Limited | +44 (0)20 7601 6108 |
Andy Crossley | |
Daniel Harris | |
Public & Investor Relations | |
FTI Consulting | |
Ben Brewerton | +44 (0)20 3727 1000 |
Ntobeko Chidavaenzi |