Business
Result of General Meeting
Result of General Meeting.
About this update from Pacsco Limited
[{"type":"text","content":"\n\nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n31 March 2025\nAgriterra Limited\n('Agriterra' or the 'Company')\nAgriterra Limited / Ticker: AGTA / Index: AIM / Sector: Agriculture\n \nResult of General Meeting\n \nAgriterra Limited, the AIM-quoted African agricultural company, advises that both resolutions, as proposed in the Notice of General Meeting published on 10 March 2025, were passed at the General Meeting held today.\n \nCapitalised terms used but not defined in this announcement shall have the same meaning given to such terms in the circular posted to shareholders by the Company on 10 March 2025 (the \"Circular\").\nVoting results\n \nResolution 1 was proposed as an ordinary resolution and resolution 2 as a special resolution. The votes cast in respect of each resolution are as follows:\n \n\n\n\n\nRESOLUTION\n\n\nVotes For*\n\n\n%\n\n\nVotes Against\n\n\n%\n\n\nTotal Votes Cast\n\n\nVotes withheld**\n\n\n\n\n1. The disposal of the Mozambique Agricultural Business\n\n\n52,975,191\n \n\n\n99.99\n\n\n4,962\n\n\n0.01\n\n\n52,980,153\n \n\n\n0\n\n\n\n\n2. Change of company name to \"PACSCo Limited\"\n\n\n52,974,912\n \n\n\n99.99\n\n\n5,241\n\n\n0.01\n\n\n52,980,153\n \n\n\n0\n\n\n\n\n \n*Includes those in relation to which the Chair was given discretion.\n** A vote withheld is not a vote in law and is not counted in the calculation of the percentage of shares voted \"For\" and \"Against\" any resolution.\n \nIt is noted that, had Chepstow abstained from voting, resolution 1 would still have passed with a vote of 99.97% in favour.\nFurther information\nAs noted in the Circular, the consideration for the Disposal will be satisfied by Chepstow:\n· irrevocably releasing the Company from its obligations in relation to the CIL-AGTA Debt, which as at today's date totals approximately US$15.1 million;\n \n· paying the costs associated with the Disposal, estimated to be approximately £80,000;\n \n· &...