26 May 2021 13:02
Life Settlement Assets PLC
LEI: 2138003OL2VBXWG1BZ27
(the "Company" or "LSA")
Results of General Meeting and Ordinary Share Class Meetings
Life Settlement Assets PLC today announces the results of the Class Meetings (the "Meetings"), as set out in the circular to Shareholders published by the Company on 30 April 2021 (the "Circular").
Result of Meetings
The Company is pleased to announce that at the General Meeting and Class Meetings for Class A and B Ordinary Shares held earlier today, each of the Special Resolutions proposed in the circular were duly passed on a poll.
The votes cast in the poll were as follows:
Votes For | Votes Against | Votes Withheld | ||
General Meeting | Resolution 1 | 39,388,085 (89.78%) | 4,483,220 (10.22%) | Nil |
Class Meeting A Ordinary Shares | Resolution 1 | 31,420,274 (89.49%) | 3,688,530 (10.51%) | Nil |
Class Meeting B Ordinary Shares | Resolution 1 | 7,913,780 (100%) | Nil | Nil |
Following the approval of Shareholders of all resolutions the Company will re-designate Class B Ordinary Shares as Class A Ordinary Shares and the assets and liabilities attributable to Class B Ordinary Shares will be re-attributable to Class A Ordinary Shareholders in accordance with the Circular.
Trading in the B Ordinary Shares will be suspended as soon as practicable.
All capitalised terms in this announcement have the meaning given to them in the Circular, unless otherwise defined herein.
Expected timetable
2021 | |
Calculation Date | 28 May |
Record Date for the entitlement of B Ordinary Shareholders to their new holdings of A Ordinary Shares | Close of business on 28 May |
CREST accounts credited for revised holdings of new A Ordinary Shares | 3 June |
Expected despatch of share certificates for holdings of new A Ordinary Shares | Week commencing 7 June |
Notes:
Each of the times and dates in the above timetable is subject to change and may be extended or brought forward without further notice. The Company will notify investors of any such changes to these times and dates by making an announcement via a Regulatory Information Service.
References to times are to London times unless otherwise stated
Enquiries:
Life Settlement Assets plc
Michael Baines (Chairman)
020 7258 5990
Acheron Capital Limited (Investment Manager)
Jean-Michel Paul
020 7258 5990
Shore Capital (Financial Adviser and Broker)
Robert Finlay
020 7408 4090
ISCA Administration Services Limited
Company Secretary
Jon Carslake
Tel: 01392 487056
Life Settlemen (LSAA)
LSAB.L (LSAB)