18 November 2024
Caledonian Trust
plc
("Caledonian Trust", the
"Company" or the "Group")
Result of General Meeting,
Cancellation and Re-registration
Further to the announcement on 25
October 2024, Caledonian Trust plc, the Edinburgh-based property
investment holding and development company, announces that the
resolutions, as set out in the notice of General Meeting published
on 25 October 2024 (the "Notice"), put to shareholders at the
Company's General Meeting today, were duly passed.
The number of votes cast for and
against each of the Resolutions proposed, and the number of votes
withheld were as follows:
|
Resolution
|
Votes For*
|
%
|
Votes
Against
|
%
|
Total no. votes
cast
|
Votes
Withheld***
|
% of
ISC**
|
|
1
Cancellation of the admission of the Company's ordinary shares
to trading on AIM
|
9,009,759
|
98.66
|
122,091
|
1.34
|
9,131,850
|
1,302
|
77.50
|
|
2
Re-registration of the Company as a private company and to
approve the adoption of the New Articles
|
9,009,759
|
98.66
|
122,091
|
1.34
|
9,131,850
|
1,302
|
77.50
|
* Includes discretionary
votes
**Issued Share Capital
***A vote withheld is not a vote in
law and is not included in the calculation of the votes "For" or
"Against" the resolution or the total number of votes
cast
Shareholders are reminded that the last day of dealings in the
Company's Ordinary Shares on AIM will be 25 November
2024.
Further details of the Cancellation,
including the full text of the Resolutions, can be found in the
Circular which was published and sent to shareholders on 25 October
2024 and is available on the Company's website at
www.caledoniantrust.com.
In accordance with the passing of
the Resolutions, and subject to the Cancellation becoming
effective, the Company will re-register as a private company
limited by shares with the name Caledonian Trust Limited and adopt
the new articles of association with effect from such
re-registration.
The expected timetable of principal
events in relation to the Cancellation and Re-Registration is as
follows:
|
Last day of dealings in Ordinary
Shares on AIM
|
25
November 2024
|
|
Time and date of
Cancellation
|
7.00 a.m.
on 26 November 2024
|
|
Expected re-registration as a private
company
|
by 31
December 2024
|
Trading in the Ordinary Shares after
Cancellation
The Company would like to remind
shareholders that, as set out in the Circular, there will not be a matched bargain facility in place
following Cancellation, however following the Cancellation the
provision of a matched bargain facility will be kept under review
by the Board. In determining whether to offer a matched bargain
facility, the Company shall consider Shareholder demand for such a
facility as well as the costs to the Company and Shareholders.
There can be no guarantee that a matched bargain facility will be
put in place following Cancellation.
Notwithstanding, following
Cancellation the Company intends to use reasonable endeavours to
facilitate introductions and communication amongst shareholders who
wish to sell their Ordinary Shares and those persons who wish to
purchase Ordinary Shares. To do this, shareholders or persons
wishing to acquire or sell Ordinary Shares following Cancellation
will be able to leave an indication with the Company at the
following email address (webmail@caledoniantrust.com) that they are
prepared to buy or sell a specified number of Ordinary Shares at a
specified price.
Defined terms used in this
announcement have the meaning ascribed to them in the
Circular.
Enquiries:
|
|
|
|
Caledonian Trust plc
|
|
|
Douglas Lowe, Chairman and Chief
Executive Officer
|
Tel: 0131 220 0416
|
|
Mike Baynham, Finance
Director
|
Tel: 0131 220 0416
|
|
|
|
|
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|
Allenby Capital Limited
(Nominated Adviser and
Broker)
|
|
|
Nick Athanas
Dan Dearden-Williams
|
Tel: 0203 328 5656
|
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