ARC CAPITAL HOLDINGS LTD
2 February 2015
For Immediate Release
ARC Capital Holdings Limited ("ARCH" or the "Company") (AIM: ARCH), the closed-end investment company, announces that at the general meeting held today at 2.00 p.m., all resolutions were duly passed. The detailed poll results are set out below.
Alpay Ece, Sean Hurst and Cosimo Borrelli (the "New Board") have therefore been appointed as directors of the Company with immediate effect. Steven Feniger, Helen Wong and Tian-Cho Chu have been removed from the office of director of the Company with immediate effect.
The New Board note that over 88.73% of the Company's shares were voted on the resolutions, a particularly high proportion of the total votes outstanding.
Following the passing of the resolutions, Numis Securites Limited resigned as Broker with immediate effect. A replacement Broker will be appointed in due course and a further announcement will be made shortly.
For further information, please contact:
ARC Capital Holdings Limited
Alpay Ece / Sean Hurst
Tel: +44 020 7845 5950
Philip Secrett
Tel: +44 (0)20 7383 5100
William Marle
Tel: +44 (0)20 7845 5950
John Armstrong-Denby
Tel: +44 (0)20 7845 5950
Hiroshi Funaki
Tel: +44 (0)20 7845 5960
Information in respect of Alpay Ece, Sean Hurst and Cosimo Borrelli as required by Schedule 2(g) of the AIM Rules for Companies is detailed below.
Alpay Ece, aged 43, holds no shares in the Company, and other than that as set out below, there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of his appointment today as a director. Alpay Ece is, or has been, a director of the following companies during the previous five years:
Current Directorships: Fidesse GmbH
Global Momentum AG EM Value AG
Previso AG
Directorships in the last five years: None
2(g) and Rule 17 of the AIM Rules will be disclosed in a separate announcement in due course.
The table below provides the detailed poll results for the resolutions 1 to 7 each being an ordinary resolution. Terms have the same meaning as defined in the circular to shareholders dated 13 January 2015. | ||||
1. THAT Alpay Ece, having indicated his willingness to act, be and is hereby appointed a director of the Company with immediate effect. | ||||
FOR | % | AGAINST | % | VOTE WITHELD |
119,114,354 | 58.84% | 83,314,145 | 41.16% | - |
2. THAT Sean Hurst, having indicated his willingness to act, be and is hereby appointed a directed of the Company with immediate effect. | ||||
FOR | % | AGAINST | % | VOTE WITHELD |
119,114,354 | 58.84% | 83,314,145 | 41.16% | - |
3. THAT Cosimo Borrelli, having indicated his willingness to act, be and is hereby appointed a director of the Company with immediate effect. | ||||
FOR | % | AGAINST | % | VOTE WITHELD |
119,114,354 | 58.84% | 83,314,145 | 41.16% | - |
4. THAT Steven Feniger be and is hereby removed from the office of director of the Company with immediate effect. | ||||
FOR | % | AGAINST | % | VOTE WITHELD |
119,114,354 | 58.84% | 83,314,145 | 41.16% | - |
5. THAT Helen Wong be and is hereby removed from the office of director of the Company with immediate effect. | ||||
FOR | % | AGAINST | % | VOTE WITHELD |
119,114,354 | 58.84% | 83,314,145 | 41.16% | - |
6. THAT Tian-Cho Chu be and is hereby removed from the office of director of the Company with immediate effect. | ||||
FOR | % | AGAINST | % | VOTE WITHELD |
119,114,354 | 58.84% | 83,314,145 | 41.16% | - |
7. THAT any other person who was a director of the Company immediately before the passing of the resolution numbered 1 above be and is hereby removed from the office of director of the Company with immediate effect. | ||||
FOR | % | AGAINST | % | VOTE WITHELD |
119,114,354 | 58.84% | 83,314,145 | 41.16% | - |
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