ACE Auhua Clean

 

TIDMACE 
 
RNS Number : 7395T 
Accident Exchange Group PLC 
01 October 2010 
 

 
                          Accident Exchange Group Plc 
                                (the "Company") 
 
              Result of General Meeting, refinancing timetable and 
              notification of change of accounting reference date 
 
Result of General Meeting 
 
A General Meeting of the Company was held at 3:00pm today at which the only item 
of business was a resolution to approve the proposed cancellation of both the 
listing of the Company's Ordinary Shares of 5 pence each to the Official List 
and to admission to trading on the London Stock Exchange's market for listed 
securities (the "Resolution").  The Resolution was duly passed as a special 
resolution. 
The voting on the Resolution put to the meeting was carried on a show of hands. 
The proxy votes lodged in advance of the General Meeting were as follows: 
+------------+-------+----------+-----------------+----------+-----------------+ 
| In Favour          | Against                    | Withheld | Total no. of    | 
|                    |                            |          | shares in       | 
|                    |                            |          | respect of      | 
|                    |                            |          | which proxies   | 
|                    |                            |          | were validly    | 
|                    |                            |          | made            | 
+--------------------+----------------------------+----------+                 + 
| No. of     | %     | No. of   |                 | %        | No. of          | 
| Votes      |       | Votes    |                 |          | Votes           | 
+------------+-------+----------+-----------------+----------+-----------------+ 
| 35,641,832 | 99.93 | 26,520   | 0.07            | 5,562    | 35,673,914      | 
+------------+-------+----------+-----------------+----------+-----------------+ 
 
In accordance with Provision D.2.2 of the Combined Code on Corporate Governance, 
information in respect of the proxy voting received for the Resolution will also 
be made available on the Investor Relations section of the company's website 
(www.accidentexchange.com) in due course. 
 
As required by Listing Rule 9.6.2R, a copy of the Resolution has been submitted 
to the National Storage Mechanism (formerly the Document Viewing Facility at the 
Financial Services Authority) and will shortly be available for inspection at 
http://www.hemscott.com/nsm.do. 
 
Cancellation of listing 
 
Accordingly, the Company has applied to the FSA and to the London Stock Exchange 
for cancellation of admission of the Company's ordinary shares to the Official 
List and to trading on the London Stock Exchange. 
 
Cancellation will therefore take effect from 7.00am on 1 November 2010. 
 
Refinancing timetable 
 
As announced on 1 September 2010, the Company will be convening a second general 
meeting containing details of the proposed conversion terms of the Company's 
GBP50.0 million 5.50% convertible loan notes ("CLNs") when they have been 
agreed. At that general meeting, the Company will be seeking shareholder 
approval to the issue of an increased number of new Ordinary Shares to effect 
the conversion of the CLNs. 
 
It is anticipated that notice of this general meeting will be sent to 
shareholders shortly after 1 November 2010. 
 
Change of Accounting Deference Date 
 
As part the Company's overall refinancing proposals, the Board has resolved to 
change the Company's accounting reference date to 30 October and has today filed 
the necessary notice with the Registrar of Companies. 
 
ENDS 
 
 
CONTACTS: 
+---------------------------------------+----------------+ 
| Accident Exchange Group Plc           |                | 
+---------------------------------------+----------------+ 
| Steve Evans, Chief Executive          | 08703 009 781  | 
+---------------------------------------+----------------+ 
| Martin Andrews, Group Finance         | 08703 009 781  | 
| Director                              |                | 
+---------------------------------------+----------------+ 
|                                       |                | 
+---------------------------------------+----------------+ 
| Singer Capital Markets Limited        |                | 
+---------------------------------------+----------------+ 
| Shaun Dobson, Joint Head of Corporate | 020 3205 7500  | 
| Finance                               |                | 
+---------------------------------------+----------------+ 
|                                       |                | 
+---------------------------------------+----------------+ 
| Bankside                              |                | 
+---------------------------------------+----------------+ 
| Simon Bloomfield                      | 020 7367 8888  | 
+---------------------------------------+----------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 REGMBBITMBJMBIM 
 

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