NETALOGUE TECHNOLOGIES PLC - AGM 16 September 2016

Montag, 19.09.2016 16:15 von

PR Newswire

Netalogue Technologies plc

Results of AGM

Date: Friday 16th September 2016 @ 14:00

Venue: Netalogue Technologies plc, Baglan Bay Innovation Centre, Central

Avenue, Baglan Bay, Port Talbot, West Glamorgan, SA12 7AX.

Officers Attending: Nick Barley (Chairman), Richard Condon (Managing Director), Andrew Robathan (Director), Craig Williams (Director).

The Chairman opened the meeting, noted that there was a quorum present and,

with the permission of the meeting, took the Notice as read.

Ordinary Resolutions

1.    THAT the Directors' Report and audited accounts of the Company for the

year ended 31st March 2016 be received and adopted

The resolution was put to the meeting and declared carried.

2.    THAT Craig Williams be re-elected as director as per rotation of the

Company in accordance with the Articles of Association.

The resolution was put to the meeting and declared carried.

3.    THAT Richard John Condon be re-elected as director as per rotation of the

Company in accordance with the Articles of Association.

The resolution was put to the meeting and declared carried.

4.    THAT PriceWaterhouseCoopers LLP be re-appointed as Auditors of the

Company and the Directors be authorised to fix their remuneration.

The resolution was put to the meeting and declared carried.

5.    THAT, in accordance with section 551 of the Companies Act 266 (the "2006

Act"), the   Directors be generally and unconditionally authorised to allot

shares in the Company or grant rights to subscribe for or to convert any

security into shares in the Company ("Rights") up to an aggregate nominal

amount of GBP400,000.00 provided that this authority shall, unless    renewed,

varied or revoked by the Company, expire on the earlier of the date falling 15

months after the date of the passing of this resolution and the conclusion of

the subsequent    annual general meeting of the Company, save that the Company

may, before such expiry, make an offer or agreement which would or might

require shares to be allotted or Rights to be   granted and the Directors may

allot shares or grant Rights in pursuance of such offer or agreement

notwithstanding that the authority conferred by this resolution has expired.

This authority is in substitution for all previous authorities conferred on the

Directors in accordance with section 551 of the 2006 Act.

The resolution was put to the meeting and declared carried.

Special Resolution

6.    THAT, the Directors be and are hereby empowered, pursuant to Section 570

of the Act, to allot equity securities (within the meaning of Section 560 of

the Act) for cash pursuant to the authority conferred by Resolution 5 as if

Section 561(1) of the Act did not apply to any such allotment provided that

this power shall be limited to:

(a)  the allotment of equity securities in connection with a rights issue or

other issue in favour of the holders of ordinary shares where the equity

securities respectively attributable to the interests of the ordinary

shareholders are proportionate (as nearly as may be) to the respective numbers

of ordinary shares held or deemed to be held by them, subject only to such

exclusions or other arrangements as the directors may deem necessary or

expedient to deal with fractional entitlements, legal or practical problems

arising in any overseas territory or by virtue of shares being represented by

depository receipts, the requirements of any regulatory body or stock exchange

or any other matter whatsoever;

(b)  the allotment of equity securities for the purpose of any option,

incentive or profit sharing scheme (whether or not an employees' share scheme

as defined in the Companies Act 2006) being a scheme approved by shareholders

in general meeting, and;

(c)   the allotment (otherwise than pursuant to sub-paragraphs (a) and (b)

above) of securities for cash up to an aggregate nominal value of GBP400,000.00

And shall expire on the date which is 15 months after the date on which the

resolution is passed or, if earlier, at the conclusion of the next annual

general meeting of the Company.

The resolution was put to the meeting and declared carried.

There being no other business the Chairman declared the meeting closed.

This announcement was approved by the board on 19th September 2016.

All Enquiries:

Netalogue Technologies plc

Telephone 0845-2220350

www.netalogue.com

** END **