Result of Scheme Meetings
November 10 2008 - 7:57AM
UK Regulatory
RNS Number : 8216H
The Real Hotel Company PLC
10 November 2008
the real hotel company plc
(the "Company")
Result of Scheme Meetings
On 16 October 2008, the Company announced a proposed move to AIM and the introduction of a new holding company by way of a Scheme.
A circular (the "Scheme Circular") containing, inter alia, the terms and conditions of the Scheme and notices convening the Court and
General Meeting were posted to Shareholders on 16 October 2008.
The Company is pleased to announce that at the Court Meeting held earlier today, the Scheme was approved by the requisite majority of
shareholders. Subsequently, at the General Meeting, the special resolution required to implement the Scheme was passed by the requisite
majority of shareholders.
The voting of Shareholders at the Court Meeting and/or at the General Meeting is summarised below:
Votes cast either in person or by proxy at the Court Meeting
Number of % of shareholders Number of shares voted % of shares voted
shareholders voting voting
For 151 89.35 47,480,216 99.90
Against 18 10.65 46,957 00.10
Votes cast either in person or by proxy at the General Meeting
Number of % of shareholders Number of shares voted % of shares voted
shareholders voting voting
For 147 90.19 47,530,633 99.90
Against 16 9.81 46,097 0.10
Completion of the Scheme remains subject to the sanction of the Scheme by the Court and the satisfaction or, where relevant, waiver of
the conditions set out in the Scheme Document. The Scheme Effective Date is expected to be the 2 December 2008 as set out in the Scheme
Document on which date it is anticipated the shares will commence trading on AIM.
Capitalised terms in this announcement have the same meaning as set out in the Scheme Circular unless the context requires otherwise.
For further information please contact:
Michael Prager, Chief Executive 020 8233 2001
Paul Mitchell, Chief Financial Officer 020 8233 2001
Adhoc PR 020 7483 0030 Deborah Parritt
Notes to Editors:
The Real Hotel Company plc
The Real Hotel Company is more than just a name. It is a statement of the
Company's core values. To deliver the rich traditions of hotel keeping to a
21st century market in a low cost environment. In short to be real hoteliers.
The Company is an owner, operator and developer of branded hotels in the UK
and Europe and operates 55 owned, leased or managed hotels in the UK, France,
Germany and Belgium. It also operates the New Connaught Rooms conference and
banqueting suite situated in London's Covent Garden.
The Company owns the Purple Hotels* limited service brand - 'a real hotel for
the price of an inn' which differentiates itself by adding a touch of style
and cool to a sector that has, so far, defined itself only by price.
It also operates hotels und
This information is provided by RNS
The company news service from the London Stock Exchange
END
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