GlobalCapital plc – Extraordinary General Meeting Held

GlobalCapital plc issued the following Company Announcement in terms of the Listing Rules of the Malta Financial Services Authority

The Company announces that at the Extraordinary General Meeting (“EGM”) held today Friday 22 July 2016 all the resolutions which were presented were approved by the shareholders. 

The resolutions presented and approved are the following: 

Resolution 1 (Extraordinary Resolution) 

1. To delete the current text of Clause 

6. 1. of the Memorandum of Association of the Company and replace it by the following text so that Clause 6. 1. will read: 6.1. The Authorised Share Capital of the Company is twenty-four million seven hundred and forty-nine thousand six hundred and twenty Euro (€24,749,620) divided into eighty-five million (85,000,000) ordinary shares of €0.291172 each. 

Resolution 2 (Ordinary Resolution)

2. That the Board of Directors be authorised to issue up to a maximum amount of new Ordinary Shares not exceeding the authorised share capital of the Company and that such authorisation be valid for a maximum period of five (5) years in accordance with Article 4.1 of the Company’s Articles of Association which authorisation may be renewed for further periods of a maximum of five (5) years each.

Resolution 3 (Extraordinary Resolution)

3. That the text of the existing Clause 5 of the Memorandum of Association of the Company and Articles 6.1, 74, 75, 76, 77, 78, 80 and 87 of the Articles of Association of the Company set out in Appendix A under the heading “Existing Provisions” be hereby amended by the adoption and substitution of the proposed Clause 5 of the Memorandum of Association of the Company and Articles 6.1, 74, 75, 76, 77, 78, 80 and 87 of the Articles of Association set out in Appendix A under the “Proposed Provisions” which shall henceforth substitute and replace the said Existing Provisions in their entirety.  

To view the official Company Announcement, click here.