15 Oct 2021 11:58
Sherborne Investors (Guernsey) B Limited
LEI 213800LH92LRWKS6OM90
15 October 2021
Sherborne Investors (Guernsey) B Limited
Results of Extraordinary General Meeting
Sherborne Investors (Guernsey) B Limited (the "Company") is pleased to announce that all of the proposed resolutions were approved by shareholders at the Company's Extraordinary General Meeting held on 15 October 2021 in St Peter Port, Guernsey.
Details of the proxy votes lodged are set out below:
Special Resolutions | For | Against | Withheld** |
1. THAT the Company be wound up voluntarily. | 230,551,766 | 0 | 0 |
2. THAT the Joint Liquidators be given sanction in accordance with the Company's Articles to divide amongst the members in specie any part of the assets of the Company. | 230,551,766 | 0 | 0 |
3. THAT the cancellation of the admission of the Shares to trading on the Main Market be approved and is effective. | 230,551,766 | 0 | 0 |
Ordinary Resolutions |
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|
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4. THAT Andrea Harris and Ben Rhodes of Grant Thornton Limited, Lefebvre Street, St Peter Port, Guernsey, GY1 3TF, be appointed as Joint Liquidators. | 230,551,766 | 0 | 0 |
5. THAT the remuneration of the Joint Liquidators or other person appointed to the office of the Liquidators to the Company be determined on the basis of time properly spent. | 230,551,766 | 0 | 0 |
6. THAT, where the whole or part of the Company's business or property is proposed to be transferred or sold to another company (the "Transferee Company") during the course of the winding-up of the Company, the Joint Liquidators may receive in compensation or part compensation for the transfer or sale, shares, policies or other like interests in the Transferee Company for distribution to the members of the Company or may enter into any other arrangement whereby the members of the Company may, in lieu of receiving cash, shares, policies or other like interests, or in addition thereto, participate in the profits of or receive any other benefits from the Transferee Company in accordance with article 146(b) of the articles. | 230,550,360 | 1,406 | 0 |
7. THAT the Company's books and records be held by the secretary of the Company to the order of the Joint Liquidators or other person appointed to the office of the Liquidator to the Company until the expiry of ten years after the date of dissolution of the Company. | 230,551,766 | 0 | 0 |
The full text of the resolutions may be found in the Notice of Extraordinary General Meeting dated 1 October 2021 which is available on the Company's website www.sherborneinvestorsguernseyb.com. It has also been submitted to the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism***
A copy of the Special Resolution passed at the Extraordinary General Meeting is available on the Company's website www.sherborneinvestorsguernseyb.com and has been submitted to the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism***
** A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution
*** Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement
Accordingly, trading in the Company's shares will remain suspended and admission to trading on the London Stock Exchange's Specialist Fund Segment of the Main Market is anticipated to be cancelled at 8:00 a.m. on 15 November 2021. The Company will today commence a voluntary wind up process to be undertaken by Benjamin Rhodes and Andrea Harris of Grant Thornton Limited as Joint Liquidators.
It is anticipated that any remaining net assets of the Company, after all creditors and liquidation expenses are paid for, will be distributed to shareholders of the Company.
-Ends-
Enquiries:
FTI Consulting +44 (0)20 3727 1000
James Styles
Numis Securities Limited (Broker) +44 (0)20 7260 1000
David Benda
Nathan Brown
Sherborne Investors (Guernsey) B Limited +44 (0)20 3530 3600
Talmai Morgan (Chairman)
Nick Robilliard (Administrator)
Grant Thornton Limited Corporate.Recovery@gt-ci.com
Benjamin Rhodes
Andrea Harris