First Sentinel Plc Result of AGM

POSTED: 3/07/20 3:47 PM

First Sentinel Plc Result of AGM

TIDMFSEN

This announcement contains inside information for the purposes of the Market

Abuse Regulation (EU No. 596/2014) (“MAR”). Upon the publication of this

announcement, this inside information is now considered to be in the public

domain and shall therefore cease to be inside information.

30 June 2020

First Sentinel plc

(“First Sentinel” or the “Company”)

Result of AGM

First Sentinel (AQSE: FSEN) is pleased to announce that at the Annual General

Meeting held earlier today (the “AGM”) all resolutions put to shareholders were

passed unanimously on a show of hands.

These resolutions are as set out in the Notice of the AGM which was posted to

shareholders on 5 June 2020 and which is available on First Sentinel’s website

Home

notice-of-the-annual-general-meeting-2020-of-first-sentinel-plc/

As announced on 24 June 2020, Resolution no. 1 (to receive the annual report

and accounts for the year ended 31 December 2019) and Resolution no. 2 (to

approve the Directors’ remuneration report in the form set out in the Company’s

annual report and accounts for the year ended 31 December 2019) of the Notice

of the AGM of the Company were not submitted to vote by the shareholders. In

light of delays caused by COVID-19, the Company has been granted extensions by

Companies House and by AQUIS Stock Exchange to publish and file its annual

accounts for the year ended 31 December 2019. Accordingly, First Sentinel will

convene a further General Meeting as soon as the respective report and accounts

are available, which we expect to hold in July 2020.

About First Sentinel

First Sentinel is an alternative investment company, registered with the FCA as

a small authorised UK AIFM, which provides growth capital for public and

private company investments. First Sentinel invests in a range of debt and

equity instruments in target portfolio companies.

For further information please contact:

First Sentinel plc

Brian Stockbridge

CEO

Tel: + 44 (0) 7876 888 011

AQSE Corporate Advisor

Beaumont Cornish Limited

James Biddle / Roland Cornish

Tel: +44 (0) 20 7628 3396

END

© 2020 First Sentinel | All Rights Reserved. First Sentinel PLC (NEX Exchange Growth Market) | Company No. 10183367 | FCA No. 760350 | Small Registered UK AIFM regulated by the Financial Conduct Authority First Sentinel Investments Limited | Company No. 10651253 | First Sentinel Corporate Finance Limited | Company No. 07832675 | FCA No. 760668 | Authorised and regulated by the Financial Conduct Authority First Sentinel Advisory Limited | Company No. 10732869 | Any financial promotion contained herein has been approved and issued by First Sentinel Corporate Finance Ltd; a firm authorised and regulated by the Financial Conduct Authority (FCA Register FRN: 760668). First Sentinel Advisory does not provide any services that constitute “reserved activities” within the meaning of the Legal Services Act 2007 and is accordingly not regulated by the Solicitors Regulation Authority.

First Sentinel comprises a group of companies providing investment and corporate finance services. First Sentinel Corporate Finance Limited (registered in England and Wales under registered number 07832675) provides corporate finance advisory services and is authorised and regulated by the Financial Conduct Authority (FRN 760668). First Sentinel PLC (registered in England and Wales under registered number 10183367) is an alternative investment company admitted to trading on the NEX Growth Market and registered with the Financial Conduct Authority as a small authorised UK AIFM (FRN 760350). First Sentinel Investments Limited (registered in England and Wales under registered number 10651253). First Sentinel Advisory Limited (registered in England and Wales under registered number 10732869). First Sentinel Trustees Limited (registered in England and Wales under registered number 11441891). First Sentinel Perennial Limited (registered in England and Wales under registered number 11024963). Capable Finance Ltd. (registered in England and Wales under registered number 11765267).

The services and investments offered by First Sentinel PLC, First Sentinel Investments Limited and First Sentinel Advisory Limited are not regulated by the Financial Conduct Authority. Any Financial Promotion contained herein has been approved and issued by First Sentinel Corporate Finance Limited, a firm authorised and regulated by the Financial Conduct Authority (FRN: 760668).

First Sentinel Advisory Limited does not provide any services that constitute “reserved activities” within the meaning of the Legal Services Act 2007 and is accordingly not regulated by the Solicitors Regulation Authority. First Sentinel Corporate Finance Limited, First Sentinel PLC, First Sentinel Investments Limited and First Sentinel Advisory Limited are together referred to as “First Sentinel”.

Your Capital is at Risk.

Investment in new business carries high risks as well as the possibility of high rewards. It is highly speculative and potential investors should be aware that (a) they could lose the total value of their investment and (b) no established market exists for the trading of shares in private companies, making it difficult to sell your shares. Before investing in a project about which information is given, potential investors are strongly advised to take advice from a person authorised by the financial service and markets Act 2000 (FSMA) who specialises in advising on investments of this kind. First Sentinel Corporate Finance Limited (“First Sentinel”) cannot advise on the merits or risks of investments.

Please see below some information relating to investing equity in early-stage businesses which are not quoted on any stock exchange:
Only invest what you can afford to lose.

Investors should only invest a small proportion of their available investment funds and should balance this with safer, more liquid investments. The majority of early-stage businesses fail or do not scale as planned. Therefore, investing in these businesses may involve significant risk. It is likely that you may lose all, or part, of your investment. If a business you invest in fails, neither the company, nor First Sentinel will pay you back your investment.

Dependence on the Directors.
It is highly likely that the success of many investee companies will depend in part upon the ability of their directors to develop and maintain a strategy that achieves the company’s investment objectives. Should the directors leave the business for any reason, then performance in the investee company is likely to deteriorate.

Lack of Operating History.
Some companies are relatively early stage and, as such, have no substantive operating history upon which prospective investors can evaluate likely performance.

Past performance.
Past performance is not a reliable indicator of future performance. You should not rely on any past performance as a guarantee of future investment performance.

Forecasts.
Forecasts are not a reliable indicator of future performance.
Look to spread your risk by diversifying.
You can reduce your risk by spreading your investment across multiple deals, rather than investing all available funds into one deal. Many investment professionals suggest you invest in a minimum of 5 (ideally 10) deals.

Lack of liquidity.
Liquidity is the ease with which you can sell your shares after you have purchased them. Equity investments cannot be sold easily and they are unlikely to be listed on a secondary trading market, such as AIM, Plus or the London Stock Exchange. Even successful companies rarely list shares on such an exchange.

Dividend Policy.
Dividends are payments made by a business to its shareholders from the company’s profits. Most of the companies featured on the website will rarely pay dividends to their investors. This means that you are unlikely to see a return on your investment until you are able to sell your shares.

Dilution.
Equity investment in shares may be subject to dilution, if the investee company issues more shares. If there are “pre-emption rights” in the investor agreement, it means you will be offered a chance to buy more shares, if there is a further fundraising, which will enable you to maintain your percentage shareholding in the company. Dilution affects every existing shareholder who does not buy any of the new shares being issued. As a result, an existing shareholder’s proportionate shareholding of the company is reduced, or ‘diluted’- this has an effect on a number of things, including voting, dividends and value.

Entity authorised and regulated by the FCA
Details of the organisation responsible for overseeing all regulatory matters, including financial promotions, in relation to information provided on this Website (the “Regulated Entity”) is First Sentinel Corporate Finance Limited which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 760668).

Financial Services Compensation Scheme.
Investors using this website are treated as customers of the Regulated Entity and therefore have the potential to be compensated out of the Financial Services Compensation Scheme established and operated by the Financial Conduct Authority in the event that the Regulated Entity should fail in the conduct of its FCA regulated activities. However, investors will not be able to claim under the Financial Services Compensation Scheme merely because an investee company displayed on the website fails. Details of the Financial Services Compensation Scheme may be found at www.fscs.org.uk