Result of Meeting

RNS Number : 4578W

Greencoat Renewables PLC

01 August 2018

 

Greencoat Renewables PLC

Result of EGM

1 August 2018

Greencoat Renewables PLC ("Greencoat Renewables" or the "Company"), the renewable infrastructure company, invested in euro-denominated assets, is pleased to announce that at the EGM held at 9.00 a.m. today, 1 August 2018, each of the Resolutions was duly passed without amendment.

Application has been made to Euronext Dublin and the London Stock Exchange for 110,000,000 Placing Shares to be admitted to trading on ESM and AIM, respectively. Admission of the Placing Shares will become effective and dealings will commence in the Placing Shares at 8.00 a.m. on 2 August 2018. The enlarged issued share capital of the Company on Admission will be 380,000,000 Ordinary Shares.

At the same EGM noted above, details of the Resolutions passed, are as follows:

		In Favour (including discretionary)		Against		Withheld*
Resolution	Votes		%	Votes	%	Votes
1	144,259,100		100	0	0	0
2	143,055,909		99.17	1,203,191	0.83	0

*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the Resolution.

The full wording of the Resolutions can be found below:-

To consider and, if thought fit, to pass the following Resolution as an Ordinary Resolution:

1.   THAT, in addition to the general authority granted at the annual general meeting of the Company held on 26 April 2018, the Directors be and are hereby generally and unconditionally authorised, pursuant to Section 1021 of the Companies Act 2014, to exercise all of the powers of the Company to allot relevant securities (within the meaning of the said Section 1021) up to an aggregate nominal amount equal to €2,500,000. The authority hereby conferred shall expire at close of business on the date preceding the date which is 12 calendar months after the date of passing of this Resolution, unless previously renewed, varied or revoked; provided that the Company may make an offer or agreement before the expiry of the authority conferred by this Resolution which would or might require relevant securities to be allotted after such authority has expired, and the Directors may allot relevant securities in pursuance of such an offer or agreement as if the power conferred by this Resolution had not expired.

To consider and, if thought fit, to pass the following Resolution as a Special Resolution:

2.   THAT, in addition to the power granted at the annual general meeting of the Company held on 26 April 2018, subject to the passing of Resolution 1 above, the Directors be and are hereby empowered, pursuant to Sections 1022 and 1023(3) of the Companies Act 2014, to allot equity securities (within the meaning of the said Section 1023(1)) for cash pursuant to the authority to allot relevant securities conferred on the Directors by Resolution 1 of this Notice of EGM as if Section 1022(1) did not apply to any such allotment, provided that such power shall:

(a)      be limited to the allotment of Ordinary Shares up to a nominal aggregate amount equal to €2,500,000; and

(b)        expire at close of business on the date preceding the date which is 12 calendar months after the date of passing of this Resolution, unless previously varied, revoked or renewed, and provided further that the Company may before such expiry make an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of such offer or agreement as if the power conferred hereby had not expired.

The full text of each Resolution and a summary of proxy votes received will shortly be available on the Company's website and will also be submitted to the National Storage Mechanism for inspection at www.morningstar.com.

Capitalised terms not defined in this Announcement shall have the meaning given to them in the Circular.

For further information, please contact:

Greencoat Renewables PLC                                                              [phone]

Bertrand Gautier

Paul O'Donnell                       

Tom Rayner

Davy (Joint Bookrunner, Nomad and ESM Adviser)                   [phone]

Fergal Meegan

Ronan Veale

Barry Murphy

RBC (Joint Bookrunner)                                                                    [phone]

Matthew Coakes

Duncan Smith

Jonathan Hardy

FTI Consulting (Media Enquiries)                                                     [phone]

Jonathan Neilan

Melanie Farrell

 

END

 

 

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