Annual General Meeting – 11th September 2018

The Company is pleased to announce that, at the Annual General Meeting on 11 September 2018, all resolutions were passed on a show of hands.

In presenting the resolutions to the attendees Mr Chris Powell, Chairman, gave the following explanation of the resolution to allow the Board to issue shares up to 10% of the issued share capital:

You will recall at last years AGM we had a special resolution to issue new shares to enable the purchase of Eastcastle. If approved today, this resolution would mean we could acquire a company like Eastcastle without seeking any further approval. I can assure you we will only be carrying out such a transaction if we, the board, think it is in the best interests of all the shareholders.

This resolution is supported by the whole board. The resolution will be for one year. If the board wish to continue with such a resolution it will be voted on and approved by the shareholders at future AGM’s. Shares will only be issued if there is a compelling underlying property transaction, satisfactory due diligence has been undertaken and that the ‘family values‘ of the new shareholders are similar to yours. Once these requirements are satisfied we will obtain unanimous board approval to the transaction before proceeding.

Therefore this resolution will enable the board issue up to 10% of the current shares available.


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