EGM Notice and Proxy Form
29 July 2009
ACP Capital Limited (the "Company": AIM: APL) announces that it has today posted to its shareholders a notice from Rakison Services Limited requisitioning an extraordinary general meeting.
The extraordinary general meeting will be held on Friday 14 August 2009 at 11:00 am (BST) at 22-24 Seale Street, St Helier, Jersey, JE2 3QG, Channel Islands.
Resolutions are to be considered at the extraordinary general meeting for: (i) the removal of John Chapman, Patrick McCann, James Lowenstein, Stephen Coe and Antony Gardner-Hillman as Company directors and (ii) the appointment of Brandur Thor Ludwig, Philippe Vienot and Eric Youngblood as Company directors.
The Board of the Company notes that Rakison Services Limited is a company in which Derek Vago holds 100 per cent of the economic interest. Derek Vago is a former director of the Company and was removed by shareholders at an extraordinary general meeting on 17 July 2008 and, along with his associates, replaced by the current Board. At a second extraordinary general meeting in October 2008, Mr. Vago and persons associated with him attempted to remove this same Board. At that meeting, with ninety-three percent of all shares present, over eighty-four per cent supported the current Board and rejected the requisitionists. Of the sixteen percent of shares that did vote along with the requisitionists over eighty-eight percent of these were shares controlled by Mr. Vago and persons associated with him.
The Board of directors urges shareholders to vote against the resolutions proposed and will be writing to shareholders shortly to explain in detail why such resolutions should be rejected.
Enquiries
- Hugh Field/Bruce Garrow, Collins Stewart Europe, +44 (0) 207 523 8350 (Nominated Adviser)
- Tim McCall/ Barnaby Fry, Hogarth Partnership, +44 (0) 207 357 9477