VOR.L Regulatory News (VOR)

24 April 2017

Acorn Growth plc

("Acorn" or the "Company")

Results of General Meeting

The directors of the Company are pleased to announce that at the general meeting of the Company held earlier today at No.1 London Bridge, London, SE1 9BG all proposed ordinary and special resolutions were passed.

During the meeting the following resolutions were passed:

1. To generally and unconditionally authorise the Directors to allot and grant rights to subscribe for or to convert any security into:

a. ordinary shares of £0.02 each (the "Ordinary Shares") up to an aggregate nominal amount of £2,117,647.10 in connection with offer(s) for subscription;

b. Ordinary Shares for cash up to an aggregate nominal amount representing 10% of the issued ordinary share capital from time to time; and

c. up to 117,647,059 Ordinary Shares in consideration for the acquisition of the four German properties (further details of which are set out in the announcement made by the Company on 7 April 2017).

2. To disapply pre-emption rights relating to the allotment of equity securities.

3. To approve, subject to the approval of the High Court of Justice, the cancellation of the amount standing to the credit of the share premium account of the Company; and

4. To approve the change of name of the Company.

A further announcement will be made when the change of name approved at general meeting has been registered at Companies House and is therefore effective.

The full text of each resolution was included in the Notice of General Meeting dated 28 March 2017.

Copies of the resolutions referred to above have been sent to the National Storage Mechanism and will shortly be available for viewing at www.morningstar.co.uk/uk/NSM.

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