Business
Results of General Meeting
Results of General Meeting.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n\n29 August 2023\nVELOCITY COMPOSITES PLC\n(\"Velocity, the \"Company\" or the \"Group\")\n \nResults of General Meeting\n \nVelocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace and other high-performance manufacturers, is pleased to announce that all six of the resolutions (\"Resolutions\") put to shareholders at the Company's General Meeting held today were duly passed.\n \n The votes received in respect of each of the Resolutions were as follows:\n \n\n\n\nResolution\n\n\nFor\n\n\n%\n\n\nAgainst\n\n\n%\n\n\nWithheld**\n\n\n\n\n1 - To allot shares in connection with the EIS/VCT Placing\n \n\n\n26,732,297\n\n\n99.71%\n\n\n76,867 \n\n\n0.29%\n\n\n2,635\n\n\n\n\n2 - To allot equity securities for cash otherwise than on a pre-emptive basis in connection with the EIS/VCT Placing\n \n\n\n26,621,300\n \n\n\n99.71%\n\n\n77,867\n\n\n0.29%\n\n\n112,635\n\n\n\n\n3 - Subject to the passing of Resolutions 1 and 2, to allot shares by reference to the Company's issued share capital*\n\n\n26,731,297\n\n\n99.71%\n\n\n77,867\n\n\n 0.29%\n\n\n2,635\n\n\n\n\n4 - Subject to the passing of Resolutions 1, 2 and 3, to allot equity securities for cash otherwise than on a pre-emptive basis by reference to the Company's issued share capital*\n \n\n\n26,619,297\n\n\n99.70%\n\n\n79,867\n\n\n0.30%\n\n\n112,635\n\n\n\n\n5 - Subject to the passing of Resolutions 1, 2, 3 and 4, to allot equity securities for cash otherwise than on a pre-emptive basis to finance an acquisition or other capital investment by reference to the Company's issued share capital*\n\n\n26,730,297\n\n\n99.71%\n\n\n78,867\n\n\n 0.29%\n\n\n2,635\n\n\n\n\n6 - To resolve that the Company's Share Premium Account is cancelled\n\n\n26,697,498\n\n\n99.99%\n\n\n1,666\n\n\n0.01%\n\n\n112,635\n\n\n\n* as enlarged by the Firm Placing, the Subscription and the Retail Offer\n** a vote \"Withheld\" is not a vote in law and is not counted in the calculation of the proportion of the votes \"For\" and \"Against\" shown\n \nFollowing the passing of the Resolutions, and in ...