Result of General Meeting

Result of General Meeting

The Board of AssetCo is pleased to announce that at today's General Meeting all resolutions relating to the proposed increase in the authorised share capital of the Company and authority of the Directors to allot Warrants were duly approved by shareholders on a show of hands.

The following resolutions were proposed:

1. an ordinary resolution to increase the authorised share capital of the Company from £23,750,000.00 to £27,500,000.00 by the creation of 15,000,000 new Ordinary Shares

2. an ordinary resolution, subject to and conditional on the passing of resolution 1, to grant the Directors’ authority pursuant to section 80 of the Act, to issue the Warrants giving the right to subscribe for Ordinary Shares up to a maximum nominal value of £6,127,450.50 (being 24,509,802 Warrants)

3. a special resolution, subject to and conditional on the passing of resolutions 1 and 2, to disapply the pre-emption rights provisions of section 89 of the Act in respect of the issue of Warrants for cash pursuant to the section 80 authority granted by resolution 2

The following table summarises the number of votes cast in forms of proxy that were received by the Company from shareholders prior to the meeting:

 

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