LMS Capital PLC Results of General Meeting (8107N)
August 11 2017 - 8:42AM
UK Regulatory
TIDMLMS
RNS Number : 8107N
LMS Capital PLC
11 August 2017
LMS Capital plc
Results of General Meeting
LMS Capital plc (the "Company") announces that, at its general
meeting held earlier today: (i) the resolution to approve the
waiver of Rule 9 of the City Code on Takeovers and Mergers in
connection with the Tender Offer (the "Rule 9 Waiver Resolution")
was passed as an ordinary resolution; and (ii) the resolution to
authorise the Company to make purchases of Ordinary Shares in
connection with the Tender Offer (the "Repurchase Resolution") was
passed as a special resolution (together, the "Resolutions"). The
results of the poll on the Resolutions are set out below. For the
purposes of this announcement, unless otherwise defined,
capitalised words and phrases shall have the meaning given to them
in the circular to shareholders dated 26 July 2017 (the
"Circular").
The results of the Tender Offer are expected to be announced on
15 August 2017. Further details of the Tender Offer are set out in
the Circular.
Total votes cast
Resolution For/ Against Votes Number % of issued
discretionary (number/%)* Withheld** share
(number/%)* (number) capital
represented
by the
votes
cast
1. Rule
9 Waiver
Resolution*** 20,724,737 307,796 29,543,828 21,032,533 21.8%
98.54% 1.46%
2. Repurchase
Resolution 53,243,816 - 2,669 53,243,816 55.2%
100% -
* Percentages are expressed as a proportion of the total votes
cast.
** A vote withheld is not a vote in law and is not counted in
the calculation of the votes "for" or "against" the Resolutions,
nor in the calculation of the total votes cast.
*** The Concert Party did not vote on this resolution.
In accordance with the UK Financial Conduct Authority's Listing
Rules, a copy of the Resolutions will shortly be submitted to the
National Storage Mechanism and will be available at
www.morningstar.co.uk/uk/NSM.
For further information please contact:
LMS Capital plc
Martin Knight, Chairman 020 3837 6270
Gresham House Asset Management Limited
Graham Bird 020 3837 6270
J.P. Morgan Cazenove
Michael Wentworth-Stanley 020 7742 4000
J.P. Morgan Securities plc, which conducts its UK investment
banking business as J.P. Morgan Cazenove, is authorised by the
Prudential Regulation Authority and regulated by the Prudential
Regulation Authority and the Financial Conduct Authority and is
acting for the Company and no one else in connection with the
Waiver, Rule 9 Waiver Resolution, Tender Offer and Repurchase and
will not be responsible to anyone other than the Company for
providing the protections afforded to its clients nor for providing
advice in connection with the Waiver, Rule 9 Waiver Resolution,
Tender Offer and Repurchase.
Apart from the responsibilities and liabilities, if any, which
may be imposed on J.P. Morgan Cazenove by FSMA, the FS Act, or the
regulatory regimes established thereunder, J.P. Morgan Cazenove
accepts no responsibility whatsoever for the contents of this
announcement or the Circular and disclaims all and any liability
whether arising in tort, contract or otherwise (save as referred to
above) which it might otherwise have in respect of this
announcement or the Circular.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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