RPL Renewable Power

 

TIDMRPL 
 
RNS Number : 6948C 
Renewable Power and Light Plc 
18 November 2009 
 

Renewable Power & Light plc 
(the 'Company' or 'RPL') 
 
 
Results of the General Meeting and Proxy Voting Figures 
Approval of Second Return 
 
 
18 November 2009 
 
 
Further to the announcement made on 3 November 2009 relating to the proposed 
second reduction of the Company's Share Premium Account, the Company is pleased 
to announce that at the general meeting held earlier today, both resolutions put 
to shareholders in order to approve the Second Return were passed on a show of 
hands. 
 
 
Prior to the General Meeting, the Company received from the shareholders 20 
valid proxy cards in respect of 48,808,602 shares, representing 54.99% of the 
Company's issued share capital.  All of the votes cast were in favour of both 
resolutions. 
 
As previously announced, subject to the approval of the Court, the Targeted 
Effective Date for the Share Premium Reduction is 10 December 2009. 
 
 
Estimated Timetable for Principal Events 
 
 
+-------------+-----------------------+ 
| Estimated   |  27 November 2009     | 
| Date for    |                       | 
| Start of    |                       | 
| Court       |                       | 
| Process     |                       | 
|             |                       | 
+-------------+-----------------------+ 
| Estimated   | 8 December 2009       | 
| Record      | (5.00 pm)             | 
| Date to     |                       | 
| be          |                       | 
| registered  |                       | 
| as a        |                       | 
| shareholder |                       | 
| to be       |                       | 
| eligible to |                       | 
| receive the |                       | 
| Second      |                       | 
| Return      |                       | 
+-------------+-----------------------+ 
| Estimated   |  9 December 2009      | 
| Date for    |                       | 
| Court       |                       | 
| Hearing     |                       | 
| to          |                       | 
| confirm     |                       | 
| the Share   |                       | 
| Premium     |                       | 
| Reduction   |                       | 
+-------------+-----------------------+ 
| Estimated   |  10 December 2009     | 
| Effective   |                       | 
| Date for    |                       | 
| Share       |                       | 
| Premium     |                       | 
| Reduction   |                       | 
+-------------+-----------------------+ 
 
 
The terms in this announcement are as defined in the Circular. 
 
 
 
 
For further information, please contact: 
 
 
Renewable Power & Light plc Telephone: +1 952 746 0393 
Tim Hunstad 
 
 
Grant Thornton UK LLP Telephone: +44 207 383 5100 
Gerry Beaney 
 
 
Dealing Disclosure Requirements 
 
 
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers 
(the 'Code'), if any person is, or becomes, 'interested' (directly or 
indirectly) in 1% or more of any class of 'relevant securities' of RPL, all 
'dealings' in any 'relevant securities' of that company (including by means of 
an option in respect of, or a derivative referenced to, any such 'relevant 
securities') must be publicly disclosed by no later than 3.30pm (London time) on 
the London business day following the date of the relevant transaction. 
 
 
This requirement will continue until the date on which the offer becomes, or 
is declared, unconditional as to acceptances, lapses or is otherwise withdrawn 
or on which the 'offer period' otherwise ends.  If two or more persons act 
together pursuant to an agreement or understanding, whether formal or informal, 
to acquire an 'interest' in 'relevant securities' of RPL, they will be deemed to 
be a single person for the purpose of Rule 8.3. Under the provisions of Rules 
8.1 of the Code, all 'dealings' in 'relevant securities' of RPL by a 
potential offeror, or RPL, or by any of their respective 'associates', must be 
disclosed by no later than 12.00 noon (London time) on the London business day 
following the date of the relevant transaction. 
 
 
A disclosure table, giving details of the companies in whose 
'relevant securities' 'dealings' should be disclosed, and the number of such 
securities in issue, can be found on the Takeover Panel's website 
at www.thetakeoverpanel.org.uk. 
 
 
'Interests in securities' arise, in summary, when a person has long 
economic exposure, whether conditional or absolute, to changes in the price 
of securities.  In particular, a person will be treated as having an 'interest' 
by virtue of the ownership or control of securities, or by virtue of any option 
in respect of, or derivative referenced to, securities. 
 
 
Terms in quotation marks are defined in the Code, which can also be found on 
the Panel's website. If you are in any doubt as to whether or not you are 
required to disclose a 'dealing' under Rule 8, you should consult the Panel. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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