Item 5.07 Submission of Matters to a Vote of Security Holders.
On
The affirmative vote of at least 65% of the ordinary shares of the Company, no par value (the "Ordinary Shares") entitled to vote which were present, in person or by proxy, at the Special Meeting and which voted on the Extension Proposal was required to approve the Extension Proposal. The affirmative vote of at least a majority of the Ordinary Shares entitled to vote which were present, in person or by proxy, at the Special Meeting and which voted on the Director Proposal was required for the election of each of the directors in the Director Proposal. The affirmative vote of a majority of the Ordinary Shares entitled to vote which were present, in person or by proxy, at the Special Meeting and which voted on the Adjournment Proposal was required to approve the Adjournment Proposal.
Set forth below are the final voting results for the Extension Proposal and the Director Proposal. As there were sufficient votes to approve the Extension Proposal and the Director Proposal, the Adjournment Proposal was not presented to shareholders at the Special Meeting.
Extension Proposal
The Extension Proposal was approved. The voting results of the Ordinary Shares were as follows:
For Against Abstentions Broker Non-Votes 10,691,635 1,176,256 115,562 0 Director Proposal
The proposal to re-elect each of the two directors,
Director Votes For Votes Withheld Broker Non-Votes
0 Nina Shapiro 11,863,176 120,277 0 Item 7.01 Regulation FD
The information set forth below under this Item 7.01 is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.
In connection with the Extension Proposal, shareholders elected to redeem
9,253,065 Ordinary Shares, which represents approximately 88% of the shares that
were part of the units that were sold in the Company's initial public offering.
Following such redemptions, approximately
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