Over the past week, Club 1872 members have been voting on the single resolution for the RIFC GM 2019, to determine how the shares held by Club 1872 Shares CIC will be voted.
The result is as follows:
That the waiver granted by the Panel on Takeovers and Mergers of any requirement under Rule 9 of the City Code on Takeovers and Mergers (the Code) for Mr David Cunningham King and persons deemed to be acting with him under the Code (the King Concert Party) to make a general offer to Shareholders as a result of the issue of ordinary shares in the Company to members of the King Concert Party following the exercise of their rights under the convertible loan notes issued to the members of the King Concert Party in return for the discharge on a pound for pound basis of an equivalent amount of their soft loans to the Company, be and is hereby approved.
For – 93.5%
Against – 3.6%
Abstain – 2.9%
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