8th Apr 2013 13:45
8th April 2013
Findel PLC ("Findel" or the "Company")
Result of General Meeting
The Board of Findel is pleased to announce that the Resolutions proposed at the General Meeting today to approve the Disposal of Nottingham Rehab Limited, the Share Consolidation and other related matters were duly passed without amendment by the required majority.
Further details of the Resolutions were set out in the circular to shareholders of Findel published on 19 March 2013.
The proxy votes for each resolution were as follows:
Resolution | For | Against | Withheld |
Resolution 1: Ordinary resolution to approve the proposed disposal of Nottingham Rehab Limited | 1,362,785,898 | 341,249 | 1,992,494 |
Resolution 2: Ordinary resolution to approve the proposed Share Consolidation | 1,364,889,158 | 213,665 | 16,818 |
Resolution 3: Ordinary resolution to authorise the directors to allot shares | 1,364,927,784 | 180,418 | 11,439 |
Resolution 4: Special resolution to authorise the Directors to allot securities for cash on a non pre-emptive basis | 1,364,560,138 | 333,678 | 225,825 |
In accordance with Listing Rule 9.6.2, two copies of the Resolutions have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do
Allotment of shares
Following the approval of Resolution 3, above a further 16 ordinary shares of 5 pence each have been allotted today. These 16 ordinary shares are being allotted to ensure no fractional amount of a New Ordinary Share arises on the Share Consolidation becoming effective. These 16 Ordinary shares are expected to be admitted to the Official List and trading on the London Stock Exchange at 8:00 a.m. on 9 April 2013 and are also subject to the Share Consolidation.
Share Consolidation
The Share Consolidation will replace every 20 Existing Ordinary Shares of 5 pence each with 1 New Ordinary Shares of £1.00 each and will take effect at 8.00 am on 9 April 2013, conditional upon admission of the New Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange becoming effective.
Following the Share Consolidation, the total issued share capital of the Company will be 85,942,534 New Ordinary Shares of £1.00 each.
Enquiries
Findel plcRoger Siddle / Tim Kowalski0161 303 3465
Tulchan Communications LLPStephen Malthouse / Susanna Voyle / Lucy Legh020 7353 4200
Related Shares:
STU.L