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Results of General Meeting
LONDON FINANCE & INVESTMENT GROUP PLC
(Incorporated in England with registered number 00201151)
LSE code: LFI
JSE code: LNF
ISIN: GB0002994001
("Lonfin" or the "Company")
Result of General Meeting
Lonfin announces that, at a General Meeting held earlier today, Resolutions to approve the
withdrawal of the admission of its Ordinary Shares to trading on the London Stock Exchange
and to the Official List and, subject to High Court approval, the approval of Capital Reduction
and Return of Capital to simultaneously return capital to shareholders and reduce the number
of Ordinary Shares in issue, were duly passed.
The total number of the Company's ordinary shares in issue is 31,287,479. Proxy
appointments were received from holders of 10,306,214 ordinary shares amounting to 32.94%
of the Company's issued ordinary share capital.
On a poll vote taken at the General Meeting, the poll votes, including proxy votes
(10,306,214) and votes from shareholders in attendance at the meeting (0), were as follows:
Resolution For Against Withheld Abstained
Number % of votes cast Number Number Number
1 10,293,667 99.88 1,225 0 11,322
2 10,304,989 99.99 1,225 0 0
High Court Approval of the Capital Reduction
The Company will now apply to the High Court for approval of the Capital Reduction and the
Return of Capital and it expects to be able to satisfy the High Court that the interests of the
Company's creditors will not be adversely affected.
If the High Court gives its approval and makes an order in this respect, The Capital Reduction
and Return of Capital will take effect once the High Court order has been registered with the
Registrar of Companies. The High Court order is expected to be submitted to the Registrar of
Companies on Friday, 2 May 2025 and for the Capital Reduction and Return of Capital to
be effective from that date.
Withdrawal of admission to trading on the London Stock Exchange
The Company's withdrawal of admission to trading on the London Stock Exchange and from
the Official List will occur at 8.00 a.m. on Friday, 2 May 2025, with the last day of dealings in
the Company's Ordinary Shares on the London Stock Exchange being Wednesday, 30 April
2025.
Termination of JSE Listing
Following implementation of the Capital Reduction and Return of Capital, the Company will
no longer be in compliance with the JSE's public shareholder spread requirements as set out
in the JSE Listing Requirements and will no longer be eligible for listing on the JSE.
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Accordingly, steps will be taken to terminate the JSE Listing. It is expected that the earliest
date for the termination of the Listing will be Friday, 9 May 2025 with the last day of trade in
the Company's Ordinary Shares on the JSE being Friday, 2 May 2025.
Capitalised terms used in this Announcement shall, unless otherwise defined, have the same
meanings as set out in the Company's Announcement of the Proposals on 26/27 February
2025.
The salient dates for implementation of the Withdrawal, Return of Capital and Termination of
JSE listing are as follows:
Directions hearing at High Court Wednesday, 16 April
Advertisement of Capital Reduction posted in Tuesday, 22 April
newspaper, as directed by the High Court
Open court hearing at High Court Tuesday, 29 April
Announce Finalisation information, Capital Tuesday, 29 April
Reduction Payment amount and currency
conversion rate on SENS
Last day to trade in the Company's Ordinary Shares Wednesday, 30 April
on the London Stock Exchange
Suspension of trading of the Company's Ordinary Thursday, 1 May
Shares on the London Stock Exchange
Cancellation of trading of the Company's Ordinary Friday, 2 May
Shares on the London Stock Exchange at 8.00 am
UK time
Last day to trade in the Company's Ordinary Friday, 2 May
Shares on the JSE Limited
Register the Capital Reduction at Companies Friday 2 May
House UK
Capital Reduction Record Date at 6.00 pm UK time Friday, 2 May
Effective Date for the Capital Reduction Friday 2 May
Suspension of trading of the Company's Ordinary
Shares on the JSE Limited at 9.00 am SA time on Monday, 5 May
Capital Reduction Record Date at 6.00 pm SA time
Wednesday, 7 May
Distributions made to relevant Shareholders under
the Return of Capital from the Effective Date with Thursday, 8 May
the last date for payment being
Earliest date for Termination of listing of the Friday, 9 May
Company's Ordinary Shares on the JSE Limited
Notes:
(1) All of the above timings refer to London time unless otherwise stated.
(2) The dates and timing of the events in the above timetable may be subject to change.
(3) If any of the above times or dates should change, the revised times and/or dates will be notified by
an announcement through an RIS and an announcement on SENS.
Ordinary Share certificates on the South African register may not be Dematerialised or re-materialised
between Monday, 5 May 2025 and Wednesday, 7 May 2025, both days inclusive and Ordinary Shares
may not be transferred between the registers in London and South Africa from Tuesday, 29 April 2025
to Friday, 2 May 2025
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The Independent Directors accept responsibility for the contents of this announcement.
United Kingdom
28 March 2025
JSE Sponsor to London Finance
Questco Corporate Advisory Proprietary Limited
Enquiries:
London Finance & Investment Group PLC Tel: +44 (0) 20 3709 8740
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Roland Cornish/Felicity Geidt
Questco Corporate Advisory PTY Ltd Tel: +27 (0) 82 786 3537
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Date: 28-03-2025 04:00:00
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