Business
Result of EGM
Result of EGM.
About this update from Time Finance Plc
[{"type":"text","content":"\n RNS Number : 8757M Timestrip PLC 01 June 2010 \n \n\n1 June 2010\nTimestrip PLC ('Timestrip' or 'the Company')\nResults of General Meeting\nMembers' Voluntary Liquidation\n \nGeneral Meeting - Results\nThe board of Timestrip plc announces the results of the General Meeting held at 10:00 on 1 June 2010. Full details of the resolutions are set out on page 16 of the circular issued by the Company dated 5 May 2010 ('the Circular'), which is available from the Company's website www.timestrip.com.\nResolution 1, a resolution to approve the disposal of Timestrip UK Limited and Timestrip Technical Services Limited was passed by shareholders.\nResolution 2, a resolution to approve an investment policy was not passed by shareholders, consequently, as Resolutions 3 and Resolution 4 were conditional on Resolution 2 being passed Resolution 3 and Resolution 4 were withdrawn and shareholders were then asked to consider the 'Alternative Resolutions' numbered 5,6,7 and 8 relating to a members' voluntary liquidation of the Company. The Alternative Resolutions were duly passed.\nThe proxy results are set out in the table below:-\n\n\n\n\n\n\n\nResolution\n\n\nVotes in favour\n\n\nVotes at discretion of Chairman\n\n\nVotes against\n\n\n\n\n1.\n\n\nApproval of the disposal of Timestrip UK Limited and Timestrip Technical Services Limited\n\n\n94,771,283\n(99.0%)\n\n\n572,261\n(0.6%)\n\n\n372,694\n(0.4%)\n\n\n\n\n2.\n\n\nApproval of Investment Policy\n\n\n9,093,959\n(9.5%)\n\n\n2,445,831\n(2.5%)\n\n\n84,144,448\n(88.0%)\n\n\n\n\n3. \n\n\nWithdrawn\n\n\n\n\n\n\n\n\n\n\n\n\n\n4.\n\n\nWithdrawn\n\n\n\n\n\n\n\n\n\n\n\n\n\n5.\n\n\nCompany be wound up voluntarily\n\n\n87,420,857\n(94.2%)\n\n\n2,894,288\n(3.1%)\n\n\n2,514,548\n(2.7%)\n\n\n\n\n6.\n\n\nBrian Johnson and David Birne of Fisher Partners be appointed Joint Liquidators of the Company\n\n\n87,745,087\n(94.6%)\n \n\n\n2,943,288\n(3.2%)\n\n\n2,062,368\n(2.2%)\n\n\n\n\n7.\n\n\nFixing of Liquidators' remuneration\n\n\n87,231,907\n(94.1%)\n\n\n2,944,288\n(3.1%)\n\n\n2,572,048\n(2.8%)\n\n\n\n\n8.\n\n\nLiquidators be authorised to distribute the assets of Company among its members\n\n\n87,296,907\n(94.0%)\n\n\n2,944,288\n(3.2%)\n\n\n2,588,548\n(2.8%)\n\n\n\n\n \nMembers' Voluntary Liquidation\nBrian Johnson and David Birne of Fisher Partners, Acre House, 11-15 William Ro...