Business
Result of General Meeting
Result of General Meeting.
About this update from Pebble Beach Systems Group Plc
[{"type":"text","content":"\n \nRNS Number : 7833V Vislink PLC 17 December 2013 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n17 December 2013\n \nVislink plc (\"Vislink\" or the \"Company\")\n \nResult of General Meeting\n \nVislink announces that all the resolutions put to the General Meeting held at 3.00 p.m. today were approved by the requisite majority of shareholders on a show of hands, and therefore the Company will proceed with its proposal to (i) cancel the listing of the Ordinary Shares on the Official List and to remove such Ordinary Shares from trading on the Main Market of the London Stock Exchange; (ii) apply for the Ordinary Shares to be admitted to trading on AIM; and (iii) increase the limit on the number of equity securities that may be issued by Directors for cash on a non-pre-emptive basis, conditional on admission to AIM.\n \nA copy of the Resolutions passed at the General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.doand on the Company's website www.vislink.com.\n \nDetails of the proxy votes received in advance of the meeting are shown below: \n \n\n\n\n\n\n\n\nResolution\n\n\nVotes For\n\n\n%\n\n\nVotes Against\n\n\n%\n\n\nVotes Withheld\n\n\n\n\n1\n\n\nAuthority to cancel the Company's listing \n\n\n36,861,017\n\n\n99.47\n\n\n196,227\n\n\n0.53\n\n\n16,737\n\n\n\n\n2\n\n\nPartial disapplication of pre-emption rights\n\n\n36,119,120\n\n\n97.61\n\n\n885,802\n\n\n2.39\n\n\n67,051\n\n\n\n\n \n Notes:\n1. The 'For' vote includes those giving the Chairman discretion.\n2. 'Votes withheld' are not counted when deciding whether or not a resolution is carried.\n3. The total number of Ordinary Shares in issue as at the date of the GM Notice was 113,902,230 carrying one vote each.\nNext steps\n \nIt is expected that the last day of dealings in the Ordinary Shares on the Main Market will be 17 January 2014. Cancellation of the listing of Ordinary Shares on the Official List is expected to take effect at 8.00 a.m. on 20 January 2014. Admission is expected to take place, and dealings in Ordinary Shares are expected to commence...