8 July 2024
Partway Group Plc
("Partway" or the "Company")
Result of General Meeting
Further to the announcement dated 21 June 2024 regarding the Company's proposed members' voluntary liquidation and associated cancellation of the trading of the Company's ordinary shares from AIM, the Company confirms that all associated resolutions were approved by shareholders on a show of hands at the General Meeting held earlier today.
In accordance with the passing of resolution 1, cancellation of admission of the Company's Ordinary Shares to trading on AIM will become effective at 7 a.m. on 9 July 2024.
In accordance with the passing of resolutions 2 and 3, the Company will be wound up voluntarily and William Antony Batty of Antony Batty & Company LLP has hereby been appointed as liquidator of the Company.
The table below shows the proxy votes received on the resolution proposed at the General Meeting. The full text of the resolutions is contained in the Notice of General Meeting published on 21 June 2024.
| Resolution | Votes For* | % | Votes Against | % | Total no. votes cast | Votes Withheld** |
| 1 | 44,037,340 | 99.79 | 91,900 | 0.21 | 44,129,240 | 47,823 |
| 2 | 44,038,129 | 99.79 | 91,111 | 0.21 | 44,129,240 | 47,823 |
| 3 | 44,059,862 | 99.79 | 91,128 | 0.21 | 44,150,990 | 26,073 |
* Includes discretionary votes
**A vote withheld is not a vote in law and is not included in the calculation of the votes "For" or "Against" the resolution or the total number of votes cast
Further details of the Cancellation are set out in the Circular dated 21 June 2024. Terms defined in the Circular apply throughout this announcement. A copy of the Circular is available on the Company's website, www.partway.net.
Shareholders of the Company as at the Record Date will receive communications directly from the Liquidator in due course regarding the Distribution.
| Contacts | |
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| Antony Batty & Company LLP | |
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| Matthew Coombe-Tennant | matthewc@antonybatty.com |
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| Allenby Capital Limited (Nominated Adviser and Broker) | Tel: +44 (0) 20 3328 5656 |
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| David Hart / Dan Dearden-Williams (Corporate Finance) | |
| Tony Quirke (Sales and Corporate Broking) | |
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