4th May 2005 12:24
Savills PLC04 May 2005 NOTIFICATION OF NON-ROUTINE BUSINESS TRANSACTED AT THE ANNUAL GENERAL MEETING OF SAVILLS plc At the Annual General Meeting of the above-named company, duly convened and heldat 20 Grosvenor Hill, Berkeley Square, London W1K 3HQ on 4 May 2005 thefollowing Resolutions were passed as Special Business: 10. That the Directors be and they are hereby generally and unconditionallyauthorised to exercise all powers of the Company to allot relevant securities(as defined in Section 80 of the Companies Act 1985 (the Act), all previous suchauthorities being hereby revoked, provided that: (i) the aggregate of the nominal amount of such securities shall not exceed£1,007,694; and (ii) this authority shall expire on 4 May 2010, save that the Company maybefore such expiry make an offer or agreement which would or might requirerelevant securities to be allotted after such expiry and the Directors may allotrelevant securities in pursuance of such offer or agreement as if the authorityconferred hereby had not expired. 11. That the Directors be and they are hereby empowered pursuant to Section 95of the Act to allot equity securities (as defined in Section 94 (2) of the Act)of the Company for cash pursuant to the authority conferred on the Directors bythe said Resolution 10 as if Section 89 (1) of the Act did not apply to any suchallotment provided that this power shall be limited to: (i) the allotment of equity securities in connection with an offer or issue infavour of ordinary shareholders where the equity securities attributable to eachholder are proportionate (as nearly as practicable) to the respective number ofordinary shares held by them but subject to such exclusions as the Directors maydeem necessary or expedient to deal with fractional entitlements or pursuant tothe laws of any territory or requirements of any regulatory body or any stockexchange in any territory; (ii) the allotment (otherwise than in pursuance of sub-paragraph (i) above) ofequity securities which are to be wholly paid up in cash up to an aggregatenominal amount of £151,154; and (iii) the allotment of equity securities pursuant to the issue of equitysecurities for cash in order to provide a cash alternative in accordance withSection 430(4) of the Act following the service of a notice by the Company underSection 429 of the Act; and shall, unless revoked or renewed in accordance with Section 95(3) of theAct, expire at the conclusion of the next Annual General Meeting of the Company(or any adjournment thereof) following the date of the passing of thisResolution, save that the Company may before such expiry make an offer oragreement which would or might require equity securities to be allotted aftersuch expiry and the Directors may allot equity securities in pursuance of suchoffer or agreement as if the power conferred hereby had not expired. 12. That the Company be and is hereby authorised to purchase for cancellationits own ordinary shares of 5p each by way of market purchase upon and subject tothe following conditions: (i) the maximum number of shares which may be purchased is a total of 3,023,085ordinary shares (being 5% of the issued ordinary share capital); (ii) the maximum price at which shares may be purchased is the price equal to5% above the average of the middle market quotation for an ordinary share asderived from The Stock Exchange Daily Official List for the 5 days preceding thedate of purchase, exclusive of expenses; (iii) the minimum price at which shares may be purchased is the higher of thepar value of such ordinary shares or the price equal to 10% below the aforesaidaverage; and (iv) the authority to purchase conferred by this Resolution shall expire at theconclusion of the next Annual General Meeting of the Company (or any adjournmentthereof) provided that any contract for the purchase of any shares as aforesaidwhich was completed before the expiry of the said authority may be executedwholly or partly after the said authority expires. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Savills