Last checked at 
29 Nov 2018 14:23
29 November 2018
Real Estate Credit Investments Limited
(the "Company")
Result of Extraordinary General Meeting
The Board of Directors of the Company is pleased to announce that, at the Extraordinary General Meeting of the Company held today (the "EGM"), the resolution in connection with the proposed Placing Programme, details of which were set out in the Notice of Extraordinary General Meeting included in the circular dated 2 November 2018 (the "Circular"), was duly passed by the Ordinary Shareholders.
In accordance with LR 9.6.18, details of the resolution passed at the EGM is as follows:
Resolution | Votes for (including Discretionary) | Against | Withheld |
Extraordinary Resolution THAT, without prejudice to any authorities granted to the Directors at the annual general meeting on 18 September 2018, the Directors be and are hereby authorised to allot and issue equity securities (within the meaning of the Articles) for cash pursuant to article 5 of the Articles or by way of a sale of treasury shares as if article 6 of the Articles did not apply to any such allotment and issue, provided that this power shall be limited to the allotment and issue as described in the Prospectus of up to an aggregate number of 100 million New Ordinary Shares under the Placing Programme and that such disapplication authority shall expire on 2 November 2019, being the day after the end of the Placing Programme (unless previously renewed, varied or revoked by the Company in general meeting), save that the Company shall be entitled to make offers or agreements before the expiry of such power which would or might require equity securities to be allotted and issued after such expiry and the Directors shall be entitled to allot and issue equity securities pursuant to any such offer or agreement as if the power conferred hereby had not expired. |
72,494,552 |
2,758,645 |
2,951 |
Capitalised terms used in this announcement and not otherwise defined shall have the meanings ascribed to them in the Circular.
For further information please contact:
Cheyne Capital Management (UK) LLP | +44 (0)20 7968 7482 |
Nicole Von Westenholz (Investor Relations) | |
Liberum Capital Limited (Sponsor and Bookrunner) | +44 (0)20 3100 2222 |
Shane Le Prevost | |
Richard Crawley | |
Richard Bootle | |
Laura Hamilton |