3 Sep 2012 15:47
3rd September 2012
TERRA CAPITAL PLC (the "Company")
AGM Results
Terra Capital plc (AIM:TCA), the investment property company listed on AIM, announces that at the Annual General Meeting ("AGM") held today at 10.00 a.m. the following resolutions were duly passed as ordinary resolutions:
Resolution 1
The Report of the Report of the Directors, Auditors' Report and the Audited Consolidated Financial Statements of the Company for the year to 31 December 2011 were received adopted.
Resolution 2
KPMG Audit LLC Isle of Man was re-appointed auditors of the Company for the year to 31 December 2012.
Resolution 3
The directors were authorised to determine the remuneration of the Auditors.
Resolution 4
Mr Dirk Van den Broeck who retired in accordance with the Articles of Association was re-elected a director the Company.
Resolution 5
Mr Ian Dungate who retired in accordance with the Articles of Association was re-elected a director the Company.
Resolution 6
The company be authorised to make market purchases of its own shares as follows:
i) the maximum number of shares authorised to be purchased is up to 14.99 per cent of the shares in issue at the time of the passing of this resolution;
ii) the minimum price which may be paid for each Ordinary Share is 10 US cents per share;
iii) the maximum price which may be paid for an Ordinary Share shall not be more than 5 per cent above the average of the middle market quotations for an Ordinary Share for the five business days immediately preceding the date on which the Ordinary Share is purchased; and
iv) this authority will expire on the earlier of 15 months from the passing of this resolution or the conclusion of the next annual general meeting.
Enquiries to:
Galileo Fund Services Limited
(Administrator)
Ian Dungate
Suzanne Jones
+44 1624 692600
Matrix Corporate Capital LLP
(Nominated Adviser and Broker)
Paul Fincham
Jonathan Becher
+44 20 3206 7000