Chapmore Plc
LSE : CHAP

May 31, 2011 06:57 ET

Result of AGM

Chapmore Plc
Result of AGM

Chapmore  Plc  (the "Company") announces that at its AGM held earlier today, resolutions 1 to 7 proposed were all  duly passed.

The resolutions were as follows:-

ORDINARY RESOLUTIONS

(1)     To  receive  and  adopt the Company's Annual Report and Accounts for the financial year ended 30 November
        2010, the Directors' Report, and the Report of the Independent Auditors on those accounts.
        
(2)     To receive the Directors' Remuneration Report and the Report of the Independent Auditors on the auditable part
        of the Remuneration Report for the financial year ended 30 November 2010.

(3)     To  reappoint  as a Director Michael Mathiesen who is retiring in accordance with Article 39.2 of the
        Company's Articles of Association and, being eligible, is offering himself for reappointment.
        
(4)     To  reappoint  Jeffreys  Henry  LLP as auditors of the Company from the conclusion  of  the  meeting  until 
        the conclusion of the next annual general meeting of the Company at which accounts are laid and to authorise  
        the Directors to determine their remuneration.
        
(5)     That in substitution for all existing authorities for the allotment of shares by the Directors, which are
        hereby revoked, but without prejudice to any allotment, offer or agreement already made pursuant thereto, the
        Directors be and they are hereby generally and unconditionally authorised, pursuant to section 551 of the
        Companies Act 2006 (the "2006 Act") to exercise all the powers of the Company to allot shares in the Company
        and to grant rights to subscribe for or to convert any security into such shares (all of which transactions 
        are hereafter referred to as an allotment of "relevant securities") up to an aggregate nominal amount of 
        GBP500,000 for a period expiring (unless previously renewed,varied or revoked by the Company in general
        meeting) 15 months after the date of the passing of this resolution or at the conclusion of the next annual
        general meeting of the Company following the passing of this resolution, whichever occurs first, provided that
        the Company may before such expiry, variation or revocation make an offer or agreement which would or might
        require such relevant securities to be allotted after such expiry, variation or revocation and the Directors
        may allot relevant securities pursuant to such an offer or agreement as if the authority conferred hereby had
        not expired or been varied or revoked.

SPECIAL RESOLUTIONS

(6)     That  subject  to  and conditional upon the passing of Resolution No 5 above, the Directors be  and  are 
        hereby empowered pursuant to section 570 of the 2006 Act, to allot equity securities as defined by section 560
        of the 2006 Act for cash pursuant to the authority conferred by Resolution No 5 above as if section 561 of the
        2006 Act did not apply to any such allotments, provided that such allotments are limited to an aggregate 
        nominal amount of GBP500,000.  Such power shall, subject to the continuance of the respective authority 
        conferred by Resolution No 5, expire fifteen months after the passing of this resolution or at the conclusion
        of the next annual general meeting of the Company following the passing of this resolution, whichever occurs 
        first, but may be previously revoked or varied from time to time by Special Resolution but so that the Company
        may before such expiry, revocation or variation make an offer or agreement which would or might require equity
        securities to be allotted after such expiry, revocation or variation and the Directors may allot equity 
        securities in pursuance of such offer or agreement as if such power had not expired or been revoked or
        varied.
        
(7)     To continue  the  pursuit of the investment strategy of the Company and not return the cash  funds  within  the
        Company to the Shareholders.

The Directors of the Issuer accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tom Kristensen
Chapmore plc
Tel:  +44 (0) 7734 266 119

Nick Michaels
Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel:  +44 (0) 20 7251 3762 


31 May 2011

Contact Information

  • Chapmore Plc