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Investment Company PLC announced on 22 June 2026 that all five Resolutions proposed at its General Meeting held that day were approved by Shareholders. Resolutions 1 to 4 received proxy votes ranging from 99.86% to 100.00% 'For', and Resolution 5, passed by Independent Shareholders on a poll, received 99.95% 'For'. The Company also updated its expected timetable, with the announcement of the results of the Tender Offer and the Issue now scheduled for 7:00 a.m. on 10 July 2026.
| Date | 22 Jun 2026 |
| Time | 11:59:53 |
| Category | AGMs and other meetings |
| ID | 2425J |
Investment Company PLC
LEI: 2138004PBWN5WM2XST62
22 June 2026
The Investment Company plc
(the "Company")
Results of General Meeting
The Company is pleased to announce that all of the Resolutions proposed at the General Meeting held today, 22 June 2026, were approved by Shareholders.
Resolutions 1 to 4 were passed by Shareholders on a show of hands. Resolution 5 was passed by the Independent Shareholders on a poll.
Proxy votes received on Resolutions 1 to 4 were:
|
|
Votes For |
% Votes For |
Votes Against |
% Votes Against |
|
Resolution 1 |
1,199,600 |
99.86% |
1,675 |
0.14% |
|
Resolution 2 |
1,199,600 |
99.86% |
1,675 |
0.14% |
|
Resolution 3 |
1,199,600 |
99.86% |
1,675 |
0.14% |
|
Resolution 4 |
1,201,275 |
100.00% |
Nil |
Nil |
Details of the number of votes cast for and against Resolution 5 were:
|
|
Votes For |
% Votes For |
Votes Against |
% Votes Against |
|
Resolution 5 |
3,563,900 |
99.95% |
1,675 |
0.05% |
These results will also be published on the Company's website at https://theinvestmentcompanyplc.co.uk/.
The passing of the above Resolutions allows for the Proposals described in the Company's circular published on 4 June 2026 (the "Circular") to proceed, subject to the remaining Conditions being satisfied in accordance with the terms set out in the Circular.
The full text of the Resolutions can be found in the notice of General Meeting contained in the Circular. The Circular is available for viewing on the Company's website at https://theinvestmentcompanyplc.co.uk/.
The Company also announces the following update to the expected timetable set out in the Circular:
|
Announcement of the results of the Tender Offer and the Issue |
7.00 a.m. on 10 July |
The full updated expected timetable is set out below.
Updated expected timetable
|
|
2026 |
|
Publication of the Circular and the Tender Offer and Issue open |
4 June |
|
Latest time and date for receipt of Forms of Proxy for the General Meeting |
10.00 a.m. on 18 June |
|
General Meeting |
10.00 a.m. on 22 June |
|
Directions hearing in respect of the Capital Reduction |
1 July |
|
Latest time and date for receipt of Tender Forms and TTE Instructions in CREST for the Tender Offer |
11.00 a.m. on 9 July |
|
Latest time and date for receipt of completed applications in respect of the Offer for Subscription |
11.00 a.m. on 9 July |
|
Latest time and date for commitments under the Placing |
3.00 p.m. on 9 July |
|
Tender Offer Record Date to participate in the Tender Offer |
6.00 p.m. on 9 July |
|
Announcement of the results of the Tender Offer and the Issue |
7.00 a.m. on 10 July |
|
Final hearing in respect of the Capital Reduction |
14 July |
|
Calculation Date |
6.00 p.m. on 14 July |
|
Announcement of the Tender Price and Issue Price |
7.00 a.m. on 15 July |
|
Confirmation of the cancellation of the share premium account, capital redemption reserve and reduction of Ordinary Share capital (if approved by the Court) |
expected to be by 27 July |
|
Repurchase of Ordinary Shares pursuant to the Tender Offer and issue and sale of Ordinary Shares pursuant to the Issue (including the Matched Bargain Facility) |
8.00 a.m. on 28 July |
|
Admission and dealings in new Ordinary Shares commence |
8.00 a.m. on 28 July |
|
CREST accounts credited with uncertificated Ordinary Shares in respect of the Issue (including the Matched Bargain Facility) |
28 July |
|
Payments through CREST made in respect of the relevant number of Ordinary Shares tendered held in uncertificated form and cheques despatched in respect of the relevant number of Ordinary Shares tendered held in certificated form |
on or around 28 July |
|
Where applicable, definitive Ordinary Share certificates in respect of the Ordinary Shares issued pursuant to the Issue despatched by post |
within 10 Business Days of Admission |
All references to times in this announcement are to London time unless otherwise stated. Any further changes to the expected timetable will be notified by the Company through an RIS.
Defined terms used in this announcement have the meanings given to them in the Circular unless the context otherwise requires.
For further information, please contact:
|
The Investment Company PLC |
Tel: +44 (0) 20 3934 6632
|
|
Shore Capital |
Tel: +44 (0) 20 7601 6128 |
|
Gillian Martin / Anita Ghanekar / Matthew Walton (Corporate Advisory) Henry Wilcocks / Fiona Conroy (Corporate Broking) |
|
|
ISCA Administration Services Limited Company Secretary |
Tel: +44 (0) 1392 487056 |