Literacy Capital : Results of AGM

About this update from Litigation Capital Management Ltd

No. 10976145 THE COMPANIES ACT 2006 COMPANY LIMITED BY SHARES RESOLUTIONS LITERACY CAPITAL PLC (Passed 20 May 2026) At the Annual General Meeting of the above-named Company, duly convened and held at the offices of Literacy Capital plc at 3rd Floor, Charles House, 5-11 Regent Street, St James's, London, United Kingdom, SW1Y 4LR on 20 May 2026 at 10:00 a.m., the following resolutions were passed as ordinary and special resolutions. ORDINARY RESOLUTIONS Related Party Transaction That the proposed related party transaction relating to the variation to the Warrant Subscription Price and brought about by the terms of the Warrant Instrument Deed of Amendment on the terms summarised in the Circular (as defined below), be and is hereby approved. B Share Scheme That conditional upon Resolution 3 below being approved, the Directors be generally and unconditionally authorised pursuant to articles 284 to 298 of the Articles to capitalise from time to time a sum or sums not exceeding, at each relevant time, the aggregate amount then standing to the credit of the Company's reserves available for the purpose of making an issue of unlisted redeemable fixed rate preference shares of £1 each in the capital of the Company carrying the rights and restrictions set out in articles 284 to 298 of the Articles ("B Shares") in accordance with the Companies Act 2006 and the Articles and to apply such sum or sums from time to time in paying up in full up to 48,208,346 B Shares which may be allotted from time to time pursuant to the authority given by Resolution 3 below. Unless previously varied, revoked or renewed, this authority shall expire at the conclusion of the annual general meeting of the Company in 2027. That conditional upon Resolution 2 above being approved, pursuant to section 551 of the Companies Act 2006, the Directors be generally and unconditionally authorised to exercise all powers of the Company to allot and issue from time to time, credited as fully paid up, B Shares up to an aggregate nominal amount of £48,208,346 to the holders of ordinary shares of £0.001 each in the capital of the Company on a pro rata basis as determined by the Directors from time to time. Unless previously varied, revoked or renewed, this authority shall expire at the conclusion of the annual general meeting of the Company in 2027 (save that the Company may, before the expiry of any power co...

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