Vector Capital plc
("Vector Capital" or the "Company")
Result of General Meeting
Vector Capital announces the results of the voting on the ordinary resolution and the special resolution proposed at the General Meeting held on 20 August 2024 to approve a return of up to £3.71 million to Shareholders by way of a tender offer and the cancellation of admission of ordinary shares to trading on AIM.
The resolutions were duly passed. The poll results are set out below.
| Ordinary Resolution | Votes for | % | Votes against | % | Votes total | % of issued share capital | Votes withheld |
| To approve the market purchases of Ordinary Shares by the Company in connection with the Tender Offer and the Repurchase | 39,012,020 | 99.26 | 26,444 | 0.07 | 39,038,464 | 86.28 | 10,000 |
| Special Resolution | Votes for | % | Votes against | % | Votes total | % of issued share capital | Votes withheld |
| To approve the cancellation of admission of the Ordinary Shares to trading on AIM | 38,995,111 | 99.21 | 43,353 | 0.11 | 39,038,464 | 86.28 | 10,000 |
As a result of Resolution 1 having been passed, the Tender Offer is now unconditional. The Closing Date of the Tender Offer continues to be 1.00pm on 3 September 2024 as indicated in the Circular.
As a result of Resolution 2 having been passed, the Company is scheduled to have its trading in its shares on AIM cancelled with effect from 7.00am on 16 September 2024.
The result of the General Meeting will also be made available on the Company's website: https://vectorcapital.co.uk/
The Board urges Shareholders to carefully read the Circular published on 2 August 2024, which provides information about the background to, and reasons for, the Tender Offer and De-Listing. The Circular can also be found on the Company's website: https://vectorcapital.co.uk/
Shareholders who wish to tender their Ordinary Shares in the Tender Offer should note that the Tender Offer remains open until 1.00 p.m. on 3 September 2024. In order to tender their Ordinary Shares, Shareholders must lodge their completed Tender Forms with the Company's receiving agent, Neville Registrars Limited, or submit their instructions via CREST.
Defined Terms
Defined terms in this announcement have the same meaning as in the Circular (unless otherwise specified).
For further information please contact:
Vector Capital plc
Robin Stevens
Agam Jain
c/o IFC Advisory Limited
Zeus Capital Limited
Hugh Morgan, Darshan Patel
+44 (0) 20 3829 5000
IFC Advisory Limited
Graham Herring, Florence Chandler, Zach Cohen
+44 (0) 20 3934 6630
About Vector Capital:
Vector Capital provides secured, business-to-business loans to SMEs based principally in England and Wales. Loans are typically secured by a first legal charge against real estate. The Group's customers typically borrow for general working capital purposes, bridging ahead of refinancing, land development and property acquisition. The loans provided by the Group are typically for renewable 12-month terms with fixed interest rates.
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