The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area, Canada, Australia, Japan or the Republic of South Africa.
1 July 2022
Literacy Capital Plc
Results of the Annual General Meeting held on 30 June 2022
Literacy Capital Plc (the "Company") is pleased to announce that all of the resolutions put forward at its Annual General in respect of the period ending 31 March 2022 held on 30 June 2022 were duly passed.
The text of all the resolutions is contained in the notice of meeting in the Company's circular dated 6 June 2022 and Annual Report for the year ended 31 March 2022.
As contemplated in the circular to shareholders on 6 June 2022, the votes were conducted on a poll with the chair of the meeting casting their vote in accordance with the proxy votes held by them as set out below.
The votes received were as follows:
| Resolution | In Favour/Discretionary | Against | Withheld | Total proxy votes cast | Percentage of issued share capital voted (%) | |||
| Total votes | Percentage | Total votes | Percentage | | | | ||
| Ordinary resolutions | | | ||||||
| 1. | To receive and adopt the Company's annual accounts and the Directors and Auditors' reports | 30,682,760 | 100.00% | 0 | 0.00% | 0 | 30,682,760 | 51.14% |
| 2. | To approve the Directors' remuneration report | 30,682,506 | 100.00% | 254 | 0.00% | 0 | 30,682,760 | 51.14% |
| 3. | To appoint Mazars LLP as auditors to the Company | 30,682,506 | 100.00% | 254 | 0.00% | 0 | 30,682,760 | 51.14% |
| 4. | To authorise the Directors to fix the auditors' remuneration | 30,682,506 | 100.00% | 254 | 0.00% | 0 | 30,682,760 | 51.14% |
Notes:
(i) Votes 'For' include those votes giving the Chair discretion.
(ii) The number of ordinary shares in issue on 30 June 2022 was 60,000,000. Shareholders are entitled to one vote per share.
(iii) A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.
Full details of the resolutions are set out in the Notice of Annual General Meeting dated 6 June 2022 (which is available on the Company's website at www.literacycapital.com).
All of these resolutions proposed at the annual general meeting were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions.
A copy of all the resolutions passed at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
For further information, please contact:
Literacy Capital plc / Literacy Capital Asset Management LLP:
Richard Pindar / Tom Vernon
+44 (0) 20 3960 0280
Singer Capital Markets Securities Limited:
Robert Peel / Amanda Gray
+44 (0) 20 7496 3000
LEI: 2549006P3DFN5HLFGR54
A copy of this announcement will be available on the Company's website at https://www.literacycapital.com/. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.
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