Result of EGM (3493A)

TIDMSTA

RNS Number : 3493A

Stagecoach Theatre Arts PLC

29 March 2012

FOR IMMEDIATE RELEASE

29 March 2012

STAGECOACH THEATRE ARTS PUBLIC LIMITED COMPANY

("Stagecoach" or the "Company")

Result of General Meeting

On 12 March 2012, a recommended cash offer by Lifeskills Education Limited (a direct and wholly-owned subsidiary of Lifeskills Education Holdings Limited) to acquire the entire issued and to be issued ordinary share capital of Stagecoach other than the shares in Stagecoach which it has already contracted to acquire (the "Offer") was announced (the "Offer Announcement").

On 12 March 2012, it was further announced that a notice had been posted to shareholders convening a General Meeting of the Company, for the shareholders eligible to vote (the "Independent Shareholders") to consider and, if thought fit, pass the Ordinary Resolution pursuant to Rule 16 of the Takeover Code, as referred to in the Offer Announcement.

Stagecoach is pleased to announce that the resolution proposed to the Independent Shareholders at the Company's General Meeting held today was duly passed.

The votes cast in respect of the Ordinary Resolution, which was taken on a poll, as required by the Takeover Code, were as follows:

In favour: 4,430,315 (99.85 % of votes cast)

Against: 6,500 (0.15 % of votes cast)

The first closing date for the Offer is 1.00 p.m. on 2 April 2012.

Enquiries:

 
 Stagecoach                             Telephone: +44 (0)1932 254 333 
  Graham Cole, Chairman 
 Smith & Williamson Corporate Finance   Telephone: +44 (0)20 7131 4000 
  Limited 
  (Financial adviser to Stagecoach) 
  David Jones 
  Siobhan Sergeant 
 Peckwater PR                           Telephone: +44 (0)7879 458 364 
  (Financial PR to Stagecoach) 
  Tarquin Edwards

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1.00 per cent. or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified.

An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the tenth business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the tenth business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1.00 per cent. or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror.

A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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