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Caledonian Holdings plc announced on 12 September 2025 that all resolutions were passed at its General Meeting held earlier today. The ordinary resolution to allot Equity Securities for the Proposed Fundraising passed with 97.80% of votes cast, and the special resolution to disapply pre-emption rights passed with 97.55% of votes cast. The Board of AlbaCo has applied to the PRA and FCA for preliminary approval for Caledonian to be a controller of AlbaCo if it becomes a 10% or more shareholder.
| Date | 12 Sept 2025 |
| Time | 13:32:44 |
| Category | AGMs and other meetings |
| ID | 1929Z |
12 September 2025
Caledonian Holdings plc
("Caledonian" or "the Company")
Result of General Meeting
Update on Proposed Fundraising and investment in AlbaCo
The Board of Caledonian Holdings plc (AIM:CHP), an AIM-quoted investing company focused on the financial services market, announces that at the Company's general meeting held earlier today, all resolutions were duly passed.
Further to the Company's announcement of 28 August 2025, the Company is making good progress regarding its Proposed Fundraising to enable a follow on investment in AlbaCo and will provide a further update next week. In order to participate in AlbaCo's fundraising, Caledonian anticipates needing to make its investment commitment in the final week of September 2025.
Whilst the Company's Proposed Fundraising is ongoing, the Board of AlbaCo has made an application to the Prudential Regulatory Authority (the "PRA"), in conjunction with the Financial Conduct Authority (the "FCA"), for Caledonian to get preliminary approval to be a controller of AlbaCo in the event that the Company is a 10% or more shareholder of AlbaCo.
Jim McColl, Executive Director of Caledonian, commented:
"We are pleased to have the resolutions passed today which give us the authorities to proceed with our proposed fundraising to enable us to increase our exposure in AlbaCo and we look forward to updating shareholders further next week in this regard. In addition to the proposed fundraising, the Company is, following discussions with certain existing AlbaCo shareholders, progressing other ways to potentially increase its exposure in AlbaCo.
We remain excited by the prospects of our investment in AlbaCo following the recent regulatory authorisation from the PRA and FCA to become a licensed UK bank, subject to completion of its capital requirements. We are also progressing our wider strategy to invest in complementary fintech services businesses for SMEs alongside our existing cornerstone investment in AlbaCo."
The proxy voting results of the resolutions are set out below:
|
Resolutions at the General Meeting |
Votes For* |
% of votes cast** |
Votes Against |
% of votes cast** |
Votes Withheld*** |
Total votes cast**** |
|
ORDINARY RESOLUTIONS |
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1. To approve the general authority to allot Equity Securities in respect of the Proposed Fundraising |
10,811,304,028
|
97.80% |
243,509,638 |
2.20% |
54,105,210 |
11,054,813,666 |
|
SPECIAL RESOLUTIONS |
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2. To approve the disapplication of pre-emption rights in respect of the allotment for of Equity Securities in respect of the Proposed Fundraising |
10,783,894,835 |
97.55% |
270,418,831 |
2.45% |
54,605,210 |
11,054,313,666 |
Notes:
*"Votes For" include votes giving the Chairman discretion.
**Percentages exclude "Votes Withheld".
***"Votes Withheld" are not votes in law and do not count in the number of votes counted for or against a resolution.
****"Total votes cast" do not include withheld votes.
Capitalised terms used in this announcement shall have the same meaning as in the announcement of 28 August 2025 unless otherwise defined herein.
For further information, please contact:
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Caledonian Holdings plc
Jim McColl, Executive Director Brent Fitzpatrick, Non-Executive Chairman |
Tel: +44 (0) 7950 389469 |
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Allenby Capital Limited (Nominated Adviser) |
Tel: +44 (0) 20 3328 5656 |
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Nick Athanas / Piers Shimwell
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Peterhouse Capital Limited (Broker) |
Tel: +44 (0) 20 7469 0930 |
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