TIDMACR
RNS Number : 5352Z
Abbeycrest PLC
23 September 2009
?
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION INTO WHICH THE SAME
WOULD BE UNLAWFUL.
Abbeycrest plc
("Abbeycrest" or "the Company")
Result of General Meeting
The Board of Directors of Abbeycrest plc ('Abbeycrest' or the 'Company') is
pleased to announce that the Resolutions proposed at the General Meeting today
to approve the proposed Placing of 44,925,000 Placing Shares and other related
matters were duly passed without amendment by the required majority on a show of
hands.
Further details of the Resolutions are set out in a combined circular and
prospectus published by Abbeycrest and circulated to Shareholders on 28 August
2009 (the "Prospectus").
The proxy votes lodged in respect of the Resolutions are as follows:
+----------------------------+------------+-------+---------+------+------------+
| Resolution | For | % | Against | % | Withheld |
+----------------------------+------------+-------+---------+------+------------+
| | | | | | |
+----------------------------+------------+-------+---------+------+------------+
| 1. Approve the Capital | 17,392,325 | 99.27 | 128,000 | 0.73 | 4,800 |
| Reorganisation and | | | | | |
| increase the Company's | | | | | |
| authorised share capital | | | | | |
+----------------------------+------------+-------+---------+------+------------+
| 2. Approve the Issue Price | 17,392,325 | 99.27 | 128,000 | 0.73 | 4,800 |
| in connection with the | | | | | |
| Placing | | | | | |
+----------------------------+------------+-------+---------+------+------------+
| 3. Authorise the allotment | 17,393,825 | 99.28 | 126,500 | 0.72 | 4,800 |
| of relevant securities | | | | | |
+----------------------------+------------+-------+---------+------+------------+
| 4. Disapply pre-emption | 17,393,825 | 99.28 | 126,500 | 0.72 | 4,800 |
| rights in connection with | | | | | |
| the Placing | | | | | |
+----------------------------+------------+-------+---------+------+------------+
| 5. Authorise the related | 11,210,825 | 98.87 | 128,000 | 1.13 | 6,186,300 |
| party transaction with | | | | | |
| Peter Gyllenhammar | | | | | |
+----------------------------+------------+-------+---------+------+------------+
| 6. Approve the amendment | 17,393,825 | 99.28 | 126,500 | 0.72 | 4,800 |
| of the Articles in respect | | | | | |
| of the Deferred Shares | | | | | |
+----------------------------+------------+-------+---------+------+------------+
| 7. Approve the amendment | 17,393,825 | 99.28 | 126,500 | 0.72 | 4,800 |
| of the Articles in respect | | | | | |
| of authorisation of | | | | | |
| conflicts | | | | | |
+----------------------------+------------+-------+---------+------+------------+
| 8. Approve and ratify the | 14,569,988 | 99.14 | 126,500 | 0.86 | 2,828,637 |
| Lever Facility Agreement | | | | | |
+----------------------------+------------+-------+---------+------+------------+
Notes
+----+-------------------------------------------------------------------+
| 1. | Any proxy appointments which gave discretion to the Chairman have |
| | been included in the 'for' total. |
+----+-------------------------------------------------------------------+
| 2. | A 'vote withheld' is not a vote in law and is not counted in the |
| | calculation of the proportion of the votes 'for' and 'against' a |
| | resolution. |
+----+-------------------------------------------------------------------+
| 3. | The issued share capital as at 23 September 2009 is 29,217,691 |
| | Ordinary Shares. 594,050 Ordinary Shares are held in trust under |
| | the Abbeycrest employee benefit scheme. The total number of |
| | voting rights in the Company is therefore 28,623,641. |
+----+-------------------------------------------------------------------+
| 4. | All percentages are shown to two decimal places. |
+----+-------------------------------------------------------------------+
Abbeycrest has forwarded two copies of the Resolutions passed at the General
Meeting to the Document Viewing Facility of the UK Listing Authority, where they
will shortly be available for viewing at the following address:
+-----------------------------------------------------------------------+
| Document Viewing Facility |
+-----------------------------------------------------------------------+
| UK Listing Authority |
+-----------------------------------------------------------------------+
| 25 The North Colonnade |
+-----------------------------------------------------------------------+
| Canary Wharf |
+-----------------------------------------------------------------------+
| London |
+-----------------------------------------------------------------------+
| E14 5HS |
+-----------------------------------------------------------------------+
| Tel: 020 7066 1000 |
+-----------------------------------------------------------------------+
The full text of the Resolutions can also be viewed on the Company's website,
www.abbeycrest.co.uk. Details of the proxy votes received will also shortly be
available on the Company's website.
The Placing remains conditional upon the Placing Agreement becoming
unconditional in all respects and upon Admission.
Set out below is an expected timetable of principal events in relation to the
Placing.
+-------------------------------------------+----------------------------+
| Event | Time/date |
+-------------------------------------------+----------------------------+
| Admission and commencement of dealings in | 8.00 a.m. on 24 September |
| the Placing Shares | 2009 |
+-------------------------------------------+----------------------------+
| Placing Shares in uncertificated form | 8.00 a.m. on 24 September |
| expected to be credited to accounts in | 2009 |
| CREST | |
+-------------------------------------------+----------------------------+
| Despatch of definitive share certificates | by 1 October 2009 |
| for the Placing Shares in certificated | |
| form | |
+-------------------------------------------+----------------------------+
General notes:
+----+-------------------------------------------------------------------+
| 1. | Reference to times in this announcement are to London time unless |
| | otherwise stated. |
| | |
+----+-------------------------------------------------------------------+
| 2. | The times and dates set out in the expected timetable of |
| | principal events above and mentioned throughout this announcement |
| | may be adjusted by Abbeycrest, in which event details of the new |
| | times and dates will be notified to the UK Listing Authority, the |
| | London Stock Exchange and, where appropriate, Shareholders. |
| | |
+----+-------------------------------------------------------------------+
| 3. | Different deadlines and procedures for return of forms may apply |
| | in certain cases. |
| | |
+----+-------------------------------------------------------------------+
| 4. | This announcement should be read in conjunction with the full |
| | text of the Prospectus. A copy of the Prospectus is available for |
| | inspection at the UK Listing Authority's Document Viewing |
| | Facility, which is situated at: The Financial Services Authority, |
| | 25 The North Colonnade, Canary Wharf, London E14 5HS. In |
| | addition, copies of the Prospectus are available for inspection |
| | at the head office of the Company at 4100 Park Approach, Thorpe |
| | Park, Leeds LS15 8GB. In addition the Prospectus is available for |
| | inspection at the offices of Pinsent Masons LLP, CityPoint, One |
| | Ropemaker Street, London EC2Y 9AH up to and including the date of |
| | Admission. Copies of the Prospectus are also available from the |
| | Company's website at www.abbeycrest.co.uk. |
| | |
+----+-------------------------------------------------------------------+
Capitalised terms used, but not defined, in this announcement have the same
meanings as given to them in the Prospectus.
For further information, please contact:
+--------------------------------------------------+-------------------------+
| Abbeycrest plc | |
+--------------------------------------------------+-------------------------+
| Simon Ashton, Executive Chairman | Tel: +44 (0)113 3970 |
| | 867 |
+--------------------------------------------------+-------------------------+
| | www.abbeycrest.co.uk |
| | |
+--------------------------------------------------+-------------------------+
| Evolution Securities Limited | Tel: +44 (0)113 243 |
| | 1619 |
+--------------------------------------------------+-------------------------+
| Joanne Lake / Peter Steel | www.evosecurities.com |
| | |
+--------------------------------------------------+-------------------------+
| Media enquiries: | |
+--------------------------------------------------+-------------------------+
| Abchurch Communications | |
+--------------------------------------------------+-------------------------+
| Sarah Hollins / Stephanie Cuthbert / Mark Dixon | Tel: +44 (0)20 7398 |
| | 7729 |
+--------------------------------------------------+-------------------------+
| mark.dixon@abchurch-group.com | www.abchurch-group.com |
+--------------------------------------------------+-------------------------+
IMPORTANT NOTICE
This Announcement is not for release, publication or distribution, directly or
indirectly, in or into the United States, Australia, Canada, Japan or South
Africa or any other jurisdiction into which the same would be unlawful.
This Announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, the Placing Shares or any
other securities to any person in Australia, Canada, Japan or South Africa, or
the United States or in any jurisdiction to whom or in which such offer or
solicitation is unlawful. The Placing of the securities referred to herein has
not been and will not be registered under the Securities Act or under the
applicable securities laws of Australia, Canada, Japan or South Africa.
The distribution of this Announcement and the offering of the Placing Shares in
jurisdictions other than the United Kingdom may be restricted by law. No action
has been taken by the Company or Evolution that would permit an offering of such
shares or possession or distribution of this Announcement or any other offering
or publicity material relating to such shares in any jurisdiction where action
for that purpose is required. Persons into whose possession this Announcement
comes are required by the Company and Evolution to inform themselves about, and
to observe, any such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
This Announcement is an advertisement and not a prospectus and investors should
not subscribe for or purchase any Placing Shares referred to in this
Announcement in connection with the Placing except on the basis of information
to be contained in the Prospectus published on 28 August 2009 by the Company in
connection with the proposed Placing.
Neither the content of Abbeycrest's website (or any other website) nor the
content of any website accessible from hyperlinks on Abbeycrest's website (or
any other website) is incorporated into, or forms part of, this Announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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