27th Jun 2013 16:41
AIM: KLN
27 June 2013
The Kellan Group PLC
("Kellan", the "Company" or "Group")
Result of Annual General Meeting
The Company announces that at the Annual General Meeting held earlier today, all the resolutions put to the meeting, other than the two resolutions giving the directors the authority to allot ordinary shares under sections 551 and 570 of the Companies Act 2006, were unanimously passed.
On 25 June 2013, the Company announced that it had received two indications of interest relating to a potential transaction regarding the future funding of the Company's business. The Directors expect that such a transaction will require a further general meeting of the Company in any event to approve, inter alia, a share capital reorganisation. At that time further resolutions will be proposed to give the directors the authority to allot ordinary shares under sections 551 and 570 of the Companies Act 2006.
ENQUIRIES:
The Kellan Group PLC | |
Tony Reeves, Executive Chairman Rakesh Kirpalani, Group Finance Director | Tel: 020 7268 6200 |
Sanlam Securities UK Limited | |
David Worlidge / Virginia Bull | Tel: 020 7628 2200 |
APPENDIX:
RESOLUTION | FOR | % | AGAINST | % | WITHHELD | TOTAL |
8 | 41,503,589 | 31.77 | 89,139,486 | 68.23 | 935 | 130,644,010 |
9 | 41,509,502 | 31.77 | 89,133,573 | 68.23 | 935 | 130,644,010 |
Related Shares:
Kellan Group