3rd Sep 2008 14:31
3 September 2008
Spice plc ('Spice' or the 'Company')
2008 Annual General Meeting Resolutions
Spice, the provider of Total Utility Support Services, is pleased to announce that at its 2008 Annual General Meeting held earlier today, all resolutions proposed at the meeting were duly passed on a show of hands. The number of votes which were lodged by proxy for and against each of the resolutions proposed, and the number of votes withheld was as follows:
|
Resolution |
Votes for |
Chairman's discretion |
Votes against |
Votes withheld |
Total votes cast |
|
1. Annual report |
23,834,017 |
26,131 |
379,279 |
0 |
24,239,427 |
|
2. Final dividend |
24,213,644 |
25,783 |
0 |
0 |
24,239,427 |
|
3. Reappoint auditors |
24,211,722 |
27,563 |
0 |
142 |
24,239,427 |
|
4. Re-elect Oliver Lightowlers |
24,193,520 |
29,381 |
16,526 |
0 |
24,239,427 |
|
5. Re-elect John Taylor |
23,749,109 |
29,381 |
460,937 |
0 |
24,239,427 |
|
6. Re-appoint Andy Catchpole |
24,193,520 |
29,381 |
16,526 |
0 |
24,239,427 |
|
7. Re-appoint Peter Cawdron |
24,192,520 |
29,381 |
17,526 |
0 |
24,239,427 |
|
8. Subdivide shares |
24,212,654 |
21,206 |
5,567 |
0 |
24,239,427 |
|
9. Allot relevant securities |
24,194,824 |
25,536 |
1,965 |
17,102 |
24,239,427 |
|
10. Allot equity securities |
24,209,932 |
25,536 |
3,357 |
602 |
24,239,427 |
The total number of shares in issue that were eligible to vote were 60,008,074.
Resolutions 8 to 10 were special business.
In particular, shareholders of the Company ("Shareholders") approved a resolution to subdivide the Company's ordinary share capital ("Share Split") on the basis of five new ordinary shares of 2 pence each ("New Ordinary Shares") for every existing ordinary share of 10 pence each held ("Existing Ordinary Shares"). Immediately following the Share Split, the Company's issued share capital capital will be 300,040,370 ordinary shares of 2 pence each.
As a result of the Share Split each Shareholder will still hold the same percentage in the issued ordinary share capital of the Company as that Shareholder held immediately before the Share Split becomes effective and the New Ordinary Shares will, in all respects, rank pari passu with and be subject to the same rights and restrictions as the Existing Ordinary Shares.
The Share Split remains conditional upon admission of the New Ordinary Shares to the Official List and to trading on the London Stock Exchange ("Admission"), for which a request has been made. The Share Split is expected to become effective and dealings in the New Ordinary Shares are expected to commence at 8.00 am on 8 September 2008. The new ISIN for the New Ordinary Shares is GB00B3CG9C16.
For holdings in uncertificated form, it is expected that the appropriate share accounts in CREST will be credited with shareholders' entitlements to New Ordinary Shares with effect from 8 September 2008. For holdings in certificated form, it is expected that new share certificates for New Ordinary Shares will be sent to shareholders (at their own risk) on 15 September 2008.
A copy of the resolutions dealing with the special business will shortly be submitted to the UK Listing Authority's Document Viewing Facility ("DVF")at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS.
The circular ("Circular") relating to the proposed placing by the Company to raise £50 million, as referred to in the announcement by the Company this morning, will be posted to shareholders of the Company later today. A copy of the Circular will shortly be submitted to the DVF at the address detailed above.
Enquiries:
Spice plc
Simon Rigby, Chief Executive Officer Tel: 0113 201 2120
Oliver Lightowlers, Group Finance Director
Andy Catchpole, Group Strategy and Development Director
Financial Dynamics Tel: 020 7831 3113
Billy Clegg
Caroline Stewart
KBC Peel Hunt (Broker) Tel: 020 7418 8900
Julian Blunt
Daniel Harris
Notes to Editors
Spice plc
Spice is a total utility infrastructure support services business. The Group's operations were founded in 1996 and have their origins in the electricity industry, though the range of activities has since been expanded into the water sector, niche telecommunications services, statutory gas inspections, energy management and facilities management. Spice's businesses have a common theme of delivering and co-ordinating infrastructure services to customers, and the technological element within the product mix has been built up significantly over the course of the last three years.
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