Electra Private Equity PLC Result of Meeting (8605Q)
December 02 2016 - 9:55AM
UK Regulatory
TIDMELTA
RNS Number : 8605Q
Electra Private Equity PLC
02 December 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO AUSTRALIA, CANADA, JAPAN, NEW ZEALAND AND SOUTH AFRICA
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION
Electra Private Equity PLC
Results of General Meeting
2 December 2016
Electra Private Equity PLC (the "Company") announces that at its
general meeting (the "General Meeting") held 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, which
was voted on only by Independent Shareholders (as defined in the
Company's circular to shareholders published on 8 November 2016),
was passed as an ordinary resolution; and (ii) the resolution to
authorise the Company to make purchases of Ordinary Shares in
connection with the Company's tender offer was passed as a special
resolution. Both resolutions were voted on by way of a poll and the
results were as follows:
Result of poll
Proportion
of the
issued
share
capital
of the
Company
represented
by all
Votes Votes votes Votes
Resolution. For %(1) Against %(1) Votes total (%)(1) Withheld(2)
------------------- ----------- ----- ---------- ----- ----------- ------------ -------------
Rule 9
Waiver
Resolution 12,554,009 68.17 5,862,677 31.83 18,416,686 45.73 107,057
------------------- ----------- ----- ---------- ----- ----------- ------------ -------------
Tender
Offer Resolution 29,749,856 99.77 68,934 0.23 29,818,790 74.05 131,038
------------------- ----------- ----- ---------- ----- ----------- ------------ -------------
1 Percentages are expressed as a proportion of the total votes cast.
2 A vote withheld is not a vote in law and is not counted
towards the votes "For" or "Against" the Resolutions, nor in the
calculation of the total votes cast.
The Company expects to announce the group's audited results for
the financial year ended 30 September 2016 on 9 December 2016 and
to announce the result of the Company's tender offer on 22 December
2016. Further details of the tender offer are set out in the
circular to Shareholders referred to above.
The results of the general meeting (including this information)
will shortly be available on the Company's website at
www.electraequity.com.
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.
This announcement contains inside information.
For further information, please contact:
HSBC Bank plc
Simon Alexander
Alex Thomas
Thomas Pinks
Tel +44 20 7991 8888
Morgan Stanley
Andrew Foster
Sam McLennan
Richard Brown
Tel: +44 20 7425 8000
Brunswick Group LLP
Gill Ackers/Kim Fletcher
Electra@brunswickgroup.com
Tel: +44 20 7404 5959
Gavin Manson
Chief Financial Officer
Electra Private Equity PLC
This information is provided by RNS
The company news service from the London Stock Exchange
END
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