2nd Jul 2007 11:28
Hill & Smith Hldgs PLC02 July 2007 Result of Extraordinary General Meeting On 15 June 2007, the Directors of Hill & Smith Holdings PLC ('Hill & Smith' or the 'Company') announced that the Company had posted to shareholders a circular setting out full details of the proposed acquisition of a controlling shareholding in its associated company Zinkinvent GmbH. The Company was required to obtain shareholder approval of the proposed acquisition and accordingly an Extraordinary General Meeting of Hill & Smith was convened for 11.00 a.m. today. The Directors of Hill & Smith are pleased to announce that at the Extraordinary General Meeting, the resolution proposing the acquisition was approved by shareholders. As a result, Hill & Smith's total shareholding rises to 68.2 per cent, making Zinkinvent a subsidiary of the Company. Prior to the acquisition of the additional shareholding, Hill & Smith alreadyhad a one third stake in Zinkinvent, which in turn owns Vista NV (Vista), aninnovative galvanizing and lighting column supplier operating in mainland Europeand the US. "This further investment will help Hill & Smith to be at the leading edge ofdeveloping new procedures for corrosion resistance and the galvanizing processgenerally," said Mr David Grove, Executive Chairman of Hill & Smith. Enquiries:David Grove, ChairmanHill & Smith Holdings PLCTel: 0121 704 7430Mobile: 07973 325667 Edward CarterFreshwater UKTel: 0121 633 7775Mobile: 07770 378097 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hill & Smith