27th Jul 2006 10:40
Henderson Group plc27 July 2006 Shareholder Circular released 27 July 2006 Henderson Group today released a circular setting out details of its ProposedReturn of Cash to Shareholders and Notice of Extraordinary General Meeting (the"Circular"). Henderson Group proposes to return approximately £200 millionsurplus capital to Shareholders through the Return of Cash proposal. Circular The Circular contains the formal notice of meeting for the Extraordinary GeneralMeeting (EGM) and provides detailed information on the proposed Return of Cash.The Circular is available on the Henderson Group website, www.henderson.com, andwill be sent to Shareholders, along with their personalised voting instructionor proxy form, in the last week of July 2006. Copies of the Circular have also been submitted to the UK Listing Authority andare available for inspection at the Document Viewing Facility, which is situatedat the Financial Services Authority, 25 The North Colonnade, Canary Wharf,London, E14 5HS. EGM The EGM will be held at 9.00am on 31 August 2006 in London and will besimultaneously broadcast (6.00 pm Sydney time) as a satellite meeting to a venuein Sydney, where Shareholders can attend and vote in person. Shareholders willalso be able to listen to the meeting via audiocast on the websitewww.henderson.com. Shareholders will be asked to vote on the Return of Cash proposal. Under thisproposal, Shareholders will receive cash in exchange for the cancellation of 22out of every 100 shares they own on the Record Date (currently expected to be 13October 2006) at 78 pence per share (or the A$ or NZ$ equivalent). This pricewas the average of the closing price for Henderson Group's shares on the LondonStock Exchange on the five business days ended 17 July 2006. For the proposed Return of Cash to proceed, it requires both Shareholder and UKCourt approval. To be approved at the EGM, the Return of Cash resolutionrequires at least 75% of the votes cast to be in favour. The Board unanimously recommends that Shareholders vote in favour. Please click on the links below to view the Circular and an example ofthe proxy form. http://www.rns-pdf.londonstockexchange.com/rns/8161g_-2006-7-27.pdf http://www.rns-pdf.londonstockexchange.com/rns/8161g_1-2006-7-27.pdf Henderson Group plc4 BroadgateLondon EC2M 2DARegistered in EnglandNo. 2072534 ABN 30 106 988 836 Notes to editors • The Circular is available today electronically from the HendersonGroup website www.henderson.com. Printed and bound copies will be sent toShareholders by the end of July 2006. Shareholders are advised to read theCircular in its entirety. • The EGM will be held on 31 August 2006 at 9.00am in London at 4Broadgate, London EC2M 2DA and broadcast as a satellite meeting at 6.00pm on thesame day in Sydney at The Wesley Conference Centre, 220 Pitt Street, Sydney NSW2000. • In this announcement, the term "Shareholders" refers to all holders ofHenderson Group plc shares - including those whose holdings are in the form ofCHESS Depositary Interests (CDIs) on the Australian Stock Exchange. • All words and expressions used in the Circular have, unless thecontext requires otherwise, the same meaning in this announcement. Further information www.henderson.com or Investor enquiries Mav WynnHenderson Group Head of Investor Relations+44 20 7818 [email protected] Media enquiries United Kingdom - FinsburyAndrew Mitchell+44 20 7251 3801Australia - CanningsGloria Barton+61 2 9252 0622 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HGG.L