Result of Extraordinary General Meeting and Notice of Cancellation
Mon, 05/08/20178 May 2017: The Company held its Extraordinary General Meeting (EGM) today, 8 May 2017, relating to the cancellation of the listing of its global depositary receipts (GDRs), each representing one ordinary share in the capital of the Company of par value €0.10 each, on the standard segment of the Official List and trading on the Main Market of the London Stock Exchange plc (the Cancellation). The resolution proposed to the meeting was passed.
Accordingly, the Company will apply to the Financial Conduct Authority (the FCA), in its capacity as United Kingdom Listing Authority, to cancel its GDRs (ISIN code: US92718P2039) with effect from (and including) 6 June 2017.This announcement satisfies Listing Rule 5.2.8 and rule 4.18 of the LSE Admission and Disclosure Standards.
The resolution proposed as a resolution of all shareholders required a simple majority of the votes cast at the EGM, at which at least 50% of the issued share capital of the Company is present or represented. The full results are set out below:
|
Resolution |
Votes For |
Votes Against |
Votes Withheld |
| To approve the Cancellation and approve that the directors of the Company be authorised to implement the Cancellation and to do or procure to be done all such acts or things as they may consider necessary or desirable in connection with the Cancellation |
151,246,940 (98.96% of votes cast) |
1,591,696 (1.04% of votes cast) |
0 |
As at the record date for the EGM, the Company had issued 219,484,720 shares, of which 58,192,034 are held in the form of GDRs, corresponding in total to a number of 219,484,720 votes. Of those shares held in the form of GDRs, 46,573,795 shares were present or represented at the EGM. Of those 46,573,795 shares held in the form of GDRs which were present or represented at the EGM, 44,982,099 were voted in favour (representing 96.58% of the total shares held in the form of GDRs present or represented at the EGM), 1,591,696 were voted against (representing 3.42% of the total shares held in the form of GDRs present or represented at the EGM) and none abstained.
The full text of the resolution passed at the EGM can be found in the Circular and Notice of EGM which is available on the Company's website www.vimetco.com and available for inspection during normal business hours on any weekday (except Saturdays and public holidays) at the official address of the Company at Strawinskylaan 403, WTC, A Tower, 4th floor, 1077 XX Amsterdam, the Netherlands.
The Company expects to terminate the depositary agreement relating to the GDRs on or around 4 July 2017. Please refer to the Circular and Notice of EGM for further details on withdrawal of shares from the depositary programme.
For further information please contact:
|
Ana Maria Imbrea Investor Relations Officer Vimetco N.V. Phone +40 0374 570 717 Mobile: +40 752 105 339 Email amimbrea@vimetco.ro |
About Vimetco
Vimetco N.V. is a global, vertically integrated producer of primary and processed aluminium products with production assets in China, Romania and Sierra Leone, and a holding company in The Netherlands. Vimetco N.V. controls annual production capacities of more than one million tonnes of electrolytic aluminium, 655,000 tonnes of hot rolled products, 530,000 tonnes of cold rolled products, 1.4 million tonnes of casting, 60,000 tonnes of secondary aluminium, 25,000 tonnes of extruded products, 600,000 tonnes of alumina, 1.7 million tonnes of bauxite, 2.1 million tonnes of coal, 900 Mega Watts of electricity, and 298,000 tonnes of baked anodes per annum. Vimetco’s global depositary receipts are listed on the London Stock Exchange (LSE: VICO).
