AGM

Results of AGM

The Annual General Meeting of General Capital Group plc was held at the offices of Pinsent Masons LLP, CityPoint, One Ropemaker Street, London EC2Y 9AH on 5 August 2008 at 10:00am. 
The proxy votes received prior to the Annual General were as follows:

Resolution For Against Withheld Chairman's
discretion
Resolution 1 – that the annual reports and accounts for the period ended 1 December 2007 be adopted.  3,497,800 0 0 1,670,136
Resolution 2 – that Baker Tilly UK Audit LLP be re-appointed as auditors of the Company and that their remuneration be fixed by the directors of the Company. 2,722,736 775,064 0 1,670,136
Resolution 3 – that Mr S M Hartley be elected as a director of the Company.  3,381,744 116,056 0 1,670,136
Resolution 4 – that, certain political donations and expenditure be approved.  3,018,581 238,448 241,771 1,669,136
Resolution 5 – that, with immediate effect, the Articles of Association be adopted.* 2,894,705 116,056 487,039 1,670,136
Resolution 6 – that, the authorised share capital of the Company be increased from £31,500,000 to £45,000,000 by the creation of a further 15,000,000 ordinary shares of 90 pence each in the capital of the Company.  3,381,744 116,056 0 1,670,136
Resolution 7 – that, subject to and conditional upon the admission of the New Ordinary Shares (as defined below) to AIM, a market operated by London Stock Exchange plc, becoming effective and the passing of Resolution 6 above, the share capital of the Company be restructured such that each of the Ordinary Shares of 90 pence each in the capital of the Company which are shown in the books of the Company as authorised and issued, shall be divided into one new ordinary share of one pence each (a "New Ordinary Share") and one deferred share of 89 pence each ("Deferred Share") and each of the ordinary shares of 90 pence each in the capital of the Company which are shown in the books of the Company as authorised and unissued, shall be divided into ninety New Ordinary Share of one pence each.  3,381,744 116,056 0 1,670,136
Resolution 8 – that the General Capital Group Company Share Option Plan 2008 be adopted by the Company. 2,611,744 116,056 770,000 1,670,136
Resolution 9 – that the General Capital Group Executive Share Option Plan 2008 be adopted by the Company.  2,611,744 116,056 770,000 1,670,136
Resolution 10 – that the directors of the Company be authorised to allot relevant securities under section 80 the Companies Act 1985.  3,381,744 116,056 0 1,670,136
Resolution 11 – that the directors of the Company be authorised to disapply pre-emption rights.* 3,381,744 116,056 0 1,670,136

* denotes special resolutions.  

Voting results

All resolutions were passed on a show of hands.                                 

 

Page last up-dated: 07 August 2008