Alberton announces the results of its Special Meeting of Shareholders
On April 23, 2020, Alberton held its special meeting of the shareholders. At the meeting, our shareholders voted on two proposals, each of which is described in more details in our definitive proxy statement filed with the SEC on March 31, 2020). At the beginning of the meeting, there were 10,065,492 ordinary shares in person or by proxy, representing 68.52% of the voting power of the ordinary shares entitled to vote at the meeting, which constituted a quorum for the transaction of business:
For Against Abstain
9,816,19 2 249,300 0
At the meeting, the following proposal were voted on and approved:
To amend our memorandum and articles of association (M&A, as may amended from time to time), to extend the date before which we must complete a business combination from April 27, 2020 to October 26, 2020 or such earlier date as determined by our Board, and provide that the date for our cessation of operations if it has not completed a business combination would similarly be extended by amending the M&A to include an additional regulation 47.15 in the Articles of Association.
Shareholders holding 10,073,512 public shares exercised their right to redeem such public shares for a pro rata portion of the trust account. As a result, an aggregate of $105,879,118 (or $10.51 per share) was removed from the trust account to pay such holders.
On the same day, in connection with the meeting, Alberton filed with the Registrar of the British Virgin Islands an Amendment to Regulation 47 of Alberton's Articles of Association.