4th Sep 2009 15:44
WEST BROM PIBS HOLDERS ENDORSE
VARIATIONS TO CONDITIONS
At a meeting of the PIBS holders today (4th September) holders of PIBS with West Bromwich Building Society supported proposed variations to the Society's Special Conditions of issue of the PIBS.
The results of the votes were:
Special resolution 1 - 92.22% in favour
(To remove the requirement to convene a special general meeting)
Special resolution 2 - 77.02% in favour
(To remove the postponement of other interest payments)
Special resolution 3 - 92.15% in favour
(Variations to the public announcement requirements)
Commenting on this endorsement for the proposed variations, Robert Sharpe, the Society's Chief Executive, said: "We are pleased that PIBS holders have supported these variations to the PIBS conditions, as it will result in the Society avoiding additional costs, and hence benefit all members."
END
For further information, please contact:
Brian Seymour-Smith, Senior Public Relations Manager
West Bromwich Building Society
Tel: 0870 220 7785
or
Tony Friend or Gareth David
College Hill Associates
Tel: 020 7457 2020
Related Shares:
West.brom 6.15%