Literacy Capital PLC - Results of the Annual General Meeting

RNS Number : 8918I

Literacy Capital PLC

15 May 2025

The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area, Canada, Australia, Japan or the Republic of South Africa.

15 May 2025

Literacy Capital Plc

Results of the Annual General Meeting held on 15 May 2025

Literacy Capital Plc (the "Company") is pleased to announce that all of the resolutions put forward at its Annual General Meeting held on 15 May 2025 were duly passed.

The full text of all the resolutions is contained in the notice of meeting in the Company's circular dated 11 April 2025 (the "AGM Circular").

As contemplated in the AGM Circular, the votes were conducted on a poll with the chair of the meeting casting their vote in accordance with the proxy votes held by them as set out below.

The votes received were as follows:

Resolution		In Favour/Discretionary (note i)		Against		Withheld (note iii)	Total proxy votes cast	Percentage of issued share capital voted (%)
Resolution				Total votes	Percentage	Total votes	Percentage
Ordinary resolutions
1.	To capitalise from time to time a sum or sums not exceeding, at each relevant time, the aggregate amount then standing to the credit of the Company's reserves available for the purpose of making issues of unlisted redeemable fixed rate preference shares ("B Shares") of £1 each in the capital of the Company.	30,955,048	100.00%	0	0.00%	1,640	30,956,688	51.44%
2.	To authorise the Directors to allot B Shares under section 551 of the Companies Act 2006.	30,955,048	100.00%	0	0.00%	1,640	30,956,688	51.44%
3.	To receive the reports of the Directors and the Auditors and the audited accounts for the year ended 31 December 2023.	30,955,048	100.00%	0	0.00%	1,640	30,956,688	51.44%
4.	To approve the Directors' remuneration report.	30,949,069	99.99%	1,504	0.01%	6,115	30,956,688	51.43%
5.	To re-elect Paul Pindar as a Director of the Company.	30,952,565	100.00%	0	0.00%	4,123	30,956,688	51.44%
6.	To re-elect Richard Pindar as a Director of the Company.	30,952,565	100.00%	0	0.00%	4,123	30,956,688	51.44%
7.	To re-elect Simon Downing as a Director of the Company.	30,952,565	100.00%	0	0.00%	4,123	30,956,688	51.44%
8.	To re-elect Rachel Murphy as a Director of the Company.	30,952,565	100.00%	0	0.00%	4,123	30,956,688	51.44%
9.	To re-elect Christopher Sellers as a Director of the Company.	30,952,565	100.00%	0	0.00%	4,123	30,956,688	51.44%
10.	To re-appoint Mazars LLP as auditors to the Company.	30,955,048	100.00%	0	0.00%	1,640	30,956,688	51.44%
11.	To authorise the Directors to determine the auditors' remuneration.	30,955,048	100.00%	0	0.00%	1,640	30,956,688	51.44%
12.	To approve the Company's dividend policy.	30,956,688	100.00%	0	0.00%	0	30,956,688	51.44%
13.	To authorise the Directors to allot Ordinary Shares under section 551 of the Companies Act 2006 up to an aggregate nominal amount of £12,035.	30,953,056	99.99%	1,992	0.01%	1,640	30,956,688	51.44%
	Special resolutions
14.	To disapply statutory pre-emption rights under section 570 of the Companies Act 2006 up to an aggregate nominal value of £12,035.	30,951,056	99.99%	3,992	0.01%	1,640	30,956,688	51.44%
15.	To authorise the Company to make a market purchase of its own Ordinary Shares.	30,956,688	100.00%	0	0.00%	0	30,956,688	51.44%
16.	To permit general meetings to be called on 14 days' notice.	30,956,688	100.00%	0	0.00%	0	30,956,688	51.44%

Notes:

(i) Votes 'For' include those votes giving the Chair discretion.

(ii) The number of ordinary shares in issue on 16 May 2025 was 60,175,000. No shares are held in treasury. Shareholders are entitled to one vote per share.

(iii) A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

Full details of the resolutions are set out in the AGM Circular (which is available on the Company's website at www.literacycapital.com).

Resolutions 1 to 13 were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions. Resolutions 14 to 16 were special resolutions, requiring at least 75 per cent. of shareholders' votes to be cast in favour of the resolutions.

A copy of all the resolutions passed at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.

For further information, please contact:

Literacy Capital plc / Book Asset Management LLP:

Richard Pindar / Aasha Tailor

+44 (0) 20 3960 0280

MHP Group:

Reg Hoare / Ollie Hoare / Matthew Taylor / Lexi Iles

[email protected]

+44 (0) 7817 458 804

Singer Capital Markets Securities Limited:

Alaina Wong

+44 (0) 20 7496 3000

About Literacy Capital plc

Literacy Capital (BOOK.L) is a closed-end investment company that was co-founded by Paul Pindar and Richard Pindar in 2017 with £54m of capital. Literacy listed on the London Stock Exchange in June 2021, before gaining Investment Trust status on 1 April 2022. The Company focuses on opportunities to invest for the long-term in growing private businesses where a clear route to creating additional value can be seen with its support.

It also has a unique charitable objective, to donate 0.5% of annual NAV to charities focused on improving UK literacy in children. £11.6 million has been donated or reserved for donation to charities since the trust's creation in 2017. For more information, please visit our website: www.literacycapital.com.

A copy of this announcement will be available on the Company's website at www.literacycapital.com.

Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

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