Business
Result of General Meeting
Result of General Meeting.
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[{"type":"text","content":"\n \nRNS Number : 9214Z Northgate PLC 15 January 2020 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\nFOR IMMEDIATE RELEASE\n15 January 2020\n \nNORTHGATE PLC\nRESULT OF GENERAL MEETING\nNorthgate and Redde merger gains Northgate Shareholder approval\n \nThe Northgate Board is pleased to announce that the resolutions proposed at the Northgate General Meeting held on 15 January 2020, seeking approval for the recommended all-share merger of Northgate and Redde (the Merger), the change of name of Northgate from completion of the Merger, the adoption of the Northgate Value Creation Plan (the VCP) from completion of the Merger and the approval of the amended directors' remuneration policy from completion of the Merger, as described in the circular to Northgate Shareholders dated 12 December 2019 (the Circular), were duly passed by shareholders. \nThe Northgate Board is also pleased that the Merger has been approved by Redde Shareholders at the Redde shareholder meetings earlier today. The Merger remains subject to the satisfaction of certain Conditions, including the requisite approvals of the FCA and the SRA, and is expected to complete by the end of Q1 2020.\nFull details of the poll results are set out 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 total\n\n\nVotes cast as % of Issued Share Capital\n\n\nVotes withheld \n\n\n\n\n\n1. \n\n\n\nTo approve the Merger and authorise the directors to allot the New Northgate Shares\n\n\n97,285,163\n\n\n86.47\n\n\n15,225,974\n\n\n13.53\n\n\n112,511,137\n\n\n84.45\n\n\n124,598\n\n\n\n\n\n2. \n\n\n\nTo change the registered name of Northgate to Redde Northgate plc\n\n\n97,268,037\n\n\n86.45\n\n\n15,249,618\n\n\n13.55\n\n\n112,517,655\n\n\n84.45\n\n\n118,440\n\n\n\n\n\n3. \n\n\n\nTo approve and adopt the Northgate Value Creation Plan\n\n\n67,564,764\n\n\n60.01\n\n\n45,015,140\n\n\n39.99\n\n\n112,579,904\n\n\n84.50\n\n\n56,190\n\n\n\n\n\n4. \n\n\n\nTo approve the amended directors' remuneration policy of Northgate\n\n\n67,615,596\n\n\n...