Result of EGM (6679D)
March 25 2011 - 10:42AM
UK Regulatory
TIDMDDE
RNS Number : 6679D
Develica Deutschland Ltd
25 March 2011
Develica Deutschland Limited (the "Company")
Result of Extraordinary General Meeting
Develica Deutschland Limited, the AIM listed German property
investment company, announces that at its extraordinary general
meeting held earlier today, both resolutions received 140,380,065
votes in favour, representing 99.65% of votes cast. There were
500,000 votes cast against both resolutions representing 0.35% of
votes cast. Accordingly, both resolutions were passed. Mr Grant
Tromans and the investment manager, Develica Deutschland Management
Limited, representing 46,465,000 shares, abstained from voting. The
board also declares an interim dividend of 1.5 euro cents per
share. The shares will be marked ex-dividend on 28 March 2011 with
the dividend record date being 30 March 2011. The dividend is
expected to be paid on 21 April 2011. As set out in the Circular,
and resolved by shareholders' voting results on the special
resolution today, the Company's admission of shares to trading on
AIM will be cancelled with effect from 7.00 a.m. on 4 April 2011.
In addition, it was explained in the Circular that conditional on
shareholders approving the resolutions, Peter Le Cheminant will be
resigning as a director of the Company, which will be effective
from 5 April 2011.
The Chairman, Mr Derek Butler, said the board were pleased to
receive such strong support from shareholders and that the Company
would now commence the orderly run off described in the Circular
and return further cash to shareholders if and when possible.
Contact:
Derek Butler, Chairman, Develica Deutschland Limited.
Tel: 020 7016 1860
Philip Secrett, Grant Thornton Corporate Finance.
Tel: 020 7383 5100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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