27 August 2014
Premier Energy and Water Trust PLC (the "Company")
Result of Meetings
On 25 July 2014 the Company announced that it was proposing to extend its life
and to implement a reorganisation through a scheme of arrangement under Part 26
of the Companies Act 2006 (the "Scheme") (the "Proposals"). The Proposals were
subject, inter alia, to approval by shareholders as set out in the Circular
published on 1 August 2014.
The Company is pleased to announce that at the Court Meeting, ZDP Class
Meeting, Ordinary Class Meeting and General Meeting ("the Meetings"), all held
earlier today, all resolutions were duly passed.
Details of the proxies from shareholders in respect of the Meetings are set out
below:
For / % Against % Total votes Withheld
Discretion votes cast votes
votes
Court Meeting 10,735,397 100 0 0 10,735,397 N/A
ZDP Class Meeting 10,703,518 100 0 0 10,703,518 0
Ordinary Class 8,578,716 94.3 517,330 5.7 9,096,046 11,763
Meeting
General Meeting - 19,062,947 97.4 517,315 2.6 19,580,262 13,224
Resolution 1
General Meeting - 17,126,573 94.6 983,014 5.4 18,109,587 1,503,464
Resolution 2
General Meeting - 17,097,327 94.5 1,001,517 5.5 18,098,844 1,524,950
Resolution 3
General Meeting - 17,075,633 94.6 981,055 5.4 18,056,688 1,536,798
Resolution 4
A copy of the resolutions passed at the General Meeting will shortly be
submitted to the National Storage Mechanism located at: http://
www.morningstar.co.uk/uk/NSM
The Proposals remain conditional, among other things, upon the Court Hearing to
sanction the Scheme and to confirm the Reduction of Capital, and for the New
ZDP Shares to be admitted to the Official List (Standard Listing). The Scheme
Effective Date is expected to be on or around 17 September 2014.
Terms defined in the Circular have the same meaning in this announcement.
-The End -
Enquiries:
Premier Fund Managers Limited + 44 (0) 1483 30 60 90
Nigel Sidebottom
James Smith
Claire Long
N+1 Singer + 44 (0) 20 7496 3000
James Maxwell
Gillian Martin