27th Apr 2005 16:09
Aggreko PLC27 April 2005 AGM RESULT At the Aggreko plc Annual General Meeting, held today, shareholders passed all resolutions.The results of the proxy voting will be available on the Company's website http://ir.aggreko.com/agk/releases/ A. Paul AllenSecretary0141 225 5900 The following is an extract from the minutes of the Meeting covering the two Special Resolutions passed:- Extract from the MINUTES of the eigth Annual General Meeting of the members ofAggreko plc ("the Company") held at the Hilton Hotel, 1 William Street, Glasgowon Wednesday 27 April 2005 at 11.00 a.m. RESOLUTION 8 was duly proposed. The Chairman then put it to the meeting as aSpecial Resolution and declared it carried on a show of hands as follows: The Board of Directors of the Company (the 'Directors') be and they are herebyempowered pursuant to Section 95 of the Companies Act 1985 (the 'Act') to allotequity securities (within the meaning of Section 94 of the Act) for cash (a) byselling equity securities held by the Company as treasury shares or (b) byallotting new equity securities pursuant to the authority conferred byResolution 10 passed at the Annual General Meeting of the Company held on 30April 2003, as if Section 89(1) of the Act did not apply to such allotment,PROVIDED THAT this power shall be limited to: (i) the allotment of equity securities for cash in connection with or pursuantto a rights issue or any other offer in favour of the holders of equitysecurities and other persons entitled to participate therein in proportion (asnearly as may be practicable) to the respective numbers of equity securitiesthen held by them (or, as appropriate, the number of such securities which suchother persons are for those purposes deemed to hold), but subject to suchexclusions or other arrangements as the Directors may consider necessary,expedient or appropriate to deal with any fractional entitlements or legal orpractical difficulties which may arise under the laws of, or the requirements ofany recognised regulatory body or any stock exchange in, any territory orotherwise; and (ii) the allotment (otherwise than pursuant to sub-paragraph (i) above) ofequity securities for cash up to an aggregate nominal value of £2,680,000; and shall expire on the earlier of 26 July 2006 and the conclusion of the AnnualGeneral Meeting of the Company held in 2006, save that the Company may beforesuch expiry make an offer or agreement which would or might require equitysecurities to be allotted after such expiry and the Directors may allot equitysecurities in pursuance of such an offer or agreement as if the power conferredhereby had not expired. It was reported that 127 million proxy votes were placed, representing 47% ofthe total issued share capital. 99.96% of the votes cast were in favour and0.04% were against. The number of votes withheld was 25,513. RESOLUTION 9 was duly proposed. The Chairman then put it to the meeting as aSpecial Resolution and declared it carried on a show of hands as follows: The Company be generally and unconditionally authorised to make market purchases(within the meaning of Section 163(3) of the Companies Act 1985) of ordinaryshares of 20p each in the Company ('Ordinary Shares') PROVIDED THAT: (i) the maximum number of Ordinary Shares hereby authorised to be acquired is26,800,000; (ii) the maximum price which may be paid for any such Ordinary Share is anamount equal to 105% of the average of the middle market quotations for anOrdinary Share as derived from The London Stock Exchange Daily Official List forthe five business days immediately preceding the day on which the share iscontracted to be purchased and the minimum price which may be paid for any suchshare is 20p (in each case exclusive of associated expenses); (iii) the authority hereby conferred shall expire at the conclusion of the nextAnnual General Meeting of the Company or 18 months from the date of thisresolution, whichever is the earlier; but a contract of purchase may be madebefore such expiry which will or may be completed wholly or partly thereafter,and a purchase of Ordinary Shares may be made in pursuance of any such contract;and (iv) any Ordinary Shares so purchased shall be cancelled or, if the Directors sodetermine and subject to the provisions of any statutory instruments relating totreasury shares and any applicable regulations of the United Kingdom ListingAuthorities, held as treasury shares. It was reported that 127 million proxy votes were placed, representing 47% ofthe total issued share capital. 99.96% of the votes cast were in favour and0.04% were against. The number of abstentions was 212,575. Certified a true extract A. Paul Allen Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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