Business
Result of EGM
Result of EGM.
About this update from Avacta Group Plc
[{"type":"text","content":"\n RNS Number : 0135N Avacta Group PLC 09 February 2009 \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n\nLondon, 9 February 2009\n\nAvacta Group plc ('Avacta')\n\nOffer Update: Result of Shareholder Meeting\n\nThe Avacta Board is pleased to announce that, at the Avacta General Meeting held earlier today in relation to\nthe recommended offer for Curidium Medica plc ('Curidium') by Avacta (the 'Proposed Acquisition'), the Avacta Resolutions necessary to effect the Proposed Acquisition were passed by the requisite majorities.\nThe number of proxy votes lodged for each resolution before the meeting was as follows:\n\n\n\n\n\n\n\nTotal For*\n\n\nTotal Against\n\n\nVotes Withheld\n\n\n\n\nResolution\n\n\nNo. of votes\n\n\n%age of vote\n\n\nNo. of votes\n\n\n%age of vote\n\n\nNo. of votes\n\n\n\n\n1. To allot equity securities in connection with the Scheme\n\n\n297,483,904\n\n\n98.6\n\n\n60,000\n\n\n0.02\n\n\n0\n\n\n\n\n2. To adopt the EMI Scheme\n\n\n297,543,904\n\n\n98.6\n\n\n0\n\n\n0\n\n\n0\n\n\n\n\n\n*Figures do not include discretionary votes.\nImplementation of the Scheme of Arrangement remains conditional upon the approval by Curidium Scheme Shareholders of the resolutions at the Curidium General Meeting and of the Scheme of Arrangement at the Court Meeting, both of which are due to be held on 11 February 2009, and the satisfaction or (where applicable) waiver of the other Conditions set out in the Scheme Document posted to Curidium Shareholders on 16 January 2009.\nOn the basis that the Curidium resolutions are passed and that the Court sanctions the Scheme of Arrangement and confirms the associated Reduction of Capital at the Court Hearing scheduled to take place on 2 March 2009, it is anticipated that, on 3 March 2009 the Scheme will become effective and that dealings in the New Avacta Shares will commence on 4 March 2009. New Avacta Shares will be credited to CREST accounts on the same date. It is expected that share certificates for New Avacta Shares will be dispatched by no l...