5 Jun 2018 15:28
5 June 2018
Spinnaker Opportunities Plc
("Spinnaker" or "the Company")
Result of 2018 Annual General Meeting ("AGM")
The Board is pleased to announce that at the AGM of the Company's shareholders held on 5 June 2018 all resolutions as set out in the Notice of Meeting were passed.
All resolutions were put to the meeting and approved on a poll and the results are detailed below.
The total number of shares on the register at 6.00pm on 1 June 2018, being those eligible to be voted on at the AGM, was 29,400,120.
For |
Against | TOTAL VOTES CAST | % of shares on register at 6pm on 1 June 2018
| Votes withheld | ||||
Resolution | Special / Ordinary | No. of votes | % | No. of votes | % | No. of votes | % | No. of votes |
1. To receive and consider the audited financial statements of the Company for the period ended 31 December 2017 together with the directors' report and the auditors' report thereon.
| Ordinary | 9,363,087.00 | 100 | 0 | 0 | 9,363,087.00 | 31.85 | 0 |
2. To receive and approve the report on directors' remuneration as set out on pages 8 of the Annual Report and Accounts for the period ended 31 December 2017.
| Ordinary | 9,363,087.00 | 100 | 0 | 0 | 9,363,087.00 | 31.85 | 0 |
3. To approve the re-appointment of Adler Shine LLP as auditors of the Company, and to authorize the directors to determine the auditors' remuneration.
| Ordinary | 9,322,080.00 | 99.56 | 41,007.00 | 0.44 | 9,363,087.00 | 31.85 | 0 |
4. To re-elect Andrew Morrison as a director of the Company.
| Ordinary | 8,822,080.00 | 94.22 | 541,007.00 | 5.78 | 9,363,087.00 | 31.85 | 0 |
5. To re-elect Jonathan Hoare as a director of the Company.
| Ordinary | 8,700,080.00 | 92.92 | 663,007.00 | 7.08 | 9,363,087.00 | 31.85 | 0 |
6. To re-elect Richard Liddell as a director of the Company.
| Ordinary | 8,822,080.00 | 94.22 | 541,007.00 | 5.78 | 9,363,087.00 | 31.85 | 0 |
7. To re-elect Anthony Harpur as a director of the Company.
| Ordinary | 8,700,080.00 | 92.92 | 663,007.00 | 7.08 | 9,363,087.00 | 31.85 | 0 |
8. To authorise the Directors to allot shares.
| Ordinary | 8,822,080.00 | 94.22 | 541,007.00 | 5.78 | 9,363,087.00 | 31.85 | 0 |
9. To authorise the Directors to allot shares for cash and to disapply pre-emption rights up to a nominal value of £2,500,000. | Special | 8,822,080.00 | 94.22 | 541,007.00 | 5.78 | 9,363,087.00 | 31.85 | 0 |
It should be noted that a 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
A copy of the special resolutions approved by shareholders will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at www.morningstar.co.uk/uk/nsm
Spinnaker Opportunities Andy Morrison, Chairman | Tel: +44 (0)7980 878 561 |
Website: http://www.spinnakeropportunities.uk/ | |
SP Angel (Financial Adviser and Joint Broker) Lindsay Mair Caroline Rowe
| Tel: +44 (0)20 3470 0470 |
SI Capital (Joint Broker)Nick Emerson Blytheweigh (Financial PR)Nick ElwesSimon Woods | Tel: +44 (0)1483 413 500
Tel: +44 (0)20 7138 3204 |
About Spinnaker Opportunities
Spinnaker Opportunities (LON: SOP) is listed on the standard list of the London Stock Exchange, led by a management team with extensive expertise in the oil & gas/energy industries. Spinnaker's strategy is to seek a single material acquisition with a view to performing a Reverse Takeover to generate an attractive capital return to its shareholders by achieving a valuation uplift upon RTO and by selecting a target business that has significant further value growth potential following acquisition.