Business
Result of General Meeting
Result of General Meeting.
About this update from Checkit Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION (EACH BEING THE \"RESTRICTED JURISDICTIONS\") WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \nFOR IMMEDIATE RELEASE\n \n19 MARCH 2025\n \nCHECKIT PLC\n \nRESULT OF GENERAL MEETING, LAPSE OF OFFER\n \nCheckit (AIM: CKT), the automated monitoring platform for operational leaders, announces that at the General Meeting held at 10.00 a.m. today, the resolution to approve the allotment of the New Ordinary Shares in connection with the recommended all-share merger (the \"Merger\") of Checkit and Crimson Tide was passed by the requisite majority of Checkit Shareholders.\n \nThe Board also notes the announcement by Crimson Tide today that, at the Crimson Tide Court Meeting, the requisite majority of Crimson Tide Scheme Shareholders did not vote in favour of the resolution to approve the Scheme.\n \nLapse of the Offer\nAs a result of votes cast at the Crimson Tide Court Meeting, the Board notes that the Merger has not satisfied the conditions as outlined in the Scheme Document and, as such, the Merger has now lapsed.\nCheckit is now subject to the restrictions set out in Rule 35.1 of the Code and is prohibited from, amongst other things, making any offer for Crimson Tide for a period of 12 months from the date of this announcement except if these restrictions are set aside with the consent of the Panel in the circumstances set out in Note 1 to Rule 35.1.\n \nVoting Results at the General Meeting\n \nAt the General Meeting, the ordinary resolution to approve the allotment of the New Ordinary Shares in connection with the Merger was duly passed on a poll vote. The results are detailed as follows:\n \n\n\n\n\nResolution\n\n\nVotes For (Including Chairman's discretionary votes)\n\n\nVotes Against\n\n\nTotal Votes Cast (excluding votes withheld)\n\n\nVotes withheld¹\n\n\n\n\n \n\n\n \n\n\nNo. of Ordinary Shares\n\n\n% of Ordinary Shares voted\n\n\nNo. of Ordinary Shares\n\n\n% of Ordinary Shares voted\n\n\nNo. of Ordinary Shares\n\n\n% of issued share capital²\n\n\nNo. of Ordinar...