Business
Requisition of EGM
Requisition of EGM.
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n RNS Number : 3279S T2 Income Fund Limited 15 May 2009 \n \nT2 Income Fund Limited\n\nRequisition for EGM \n\nT2 Income Fund Limited (AIM:T2I) ('T2' or 'the Company') today announces that it has received a requisition from members of the Company, acting on behalf of Advance UK Trust PLC and New Star Asset Management acting on behalf of clients, holding in aggregate 11,275,000 ordinary shares, representing approximately 26.2% of the voting rights in the Company, to convene an extraordinary general meeting of the Company (an 'EGM'). \n\nAdvance UK Trust PLC and New Star Asset Management, as persons interested in more than ten percent of the Company's shares, have requested that resolutions be put to shareholders in the EGM proposing to remove William Tozier, Saul Rosenthal and Patrick Conroy as directors of the Company and to replace them with Geoffrey Richard Miller as a director of the Company, with immediate effect. In addition, the requisition also seeks shareholder approval to grant options to Mr Miller over 250,000 shares (conditional on his appointment as a director) and to each other continuing director over 50,000 shares (conditional on the removal of Mr Tozier, Mr Rosenthal and Mr Conroy and the appointment of Mr Miller as a director), all such options to be exercisable at a price of 10 pence per share at any time up to the second anniversary of the passing of the relevant resolution. \n\nShareholders will receive further notification from the Company in due course.\n\nContacts: \n\nPatrick Conroy\nT2 Income Fund Limited\n+1 203 983-5282\n\nPhilip Secrett\nNominated Adviser\nGrant Thornton UK LLP\n+44 (0) 207 383 5100\n\nMichael Wentworth Stanley\nJP Morgan Cazenove\n+44 (0) 207 588 2828\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGIGDUDUBGGCU \n ","length":3269,"tagName":"div"}]