2 May 2018 16:30
Legal Entity Identifier: 213800MCRBNG3UHI1A31
2 May 2018
South African Property Opportunities plc
(incorporated and registered in the Isle of Man under the Isle of Man Companies Act 2006
with registered number 006491V)
(the "Company")
Result of Extraordinary General Meeting
Further to the announcement by the Board that it was seeking shareholder approval to put the Company into members' voluntary liquidation, appoint a liquidator and cancel the admission of the Company's ordinary shares to trading on AIM, the Board now announces that at the extraordinary general meeting held at 11.00 a.m. today the resolutions were not passed by the necessary majority.
The Board now expects to apply to the Isle of Man Court for a Court ordered winding-up. A further announcement will be made in due course.
As described in the announcement dated 26 April 2018, the appointment of the Company's nominated adviser and broker (Panmure Gordon & Co Limited) will terminate today, 2 May 2018. The Company will not therefore have a nominated adviser and so, in accordance with the AIM Rules, the Company's shares will remain suspended on AIM until a replacement nominated adviser is appointed or, in the absence of such an appointment, for a month thereafter, when the admission will be cancelled. Please note the securities also remain suspended on TISE until further notice.
For further information contact:
Panmure Gordon & Co
Rob Naylor/Paul Fincham/Jonathan Becher +44 20 7886 2500
Galileo Fund Services Limited (Registrar and administrator)
Ian Dungate/Suzanne Jones +44 (0) 1624 692600