16th Mar 2016 12:24
PREMIER FARNELL PLC - Result of EGMPREMIER FARNELL PLC - Result of EGM
PR Newswire
London, March 16
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Premier Farnell plc (the Company)
16 March 2016
Results of general meeting relating to the proposed disposal of Akron Brass Holding Corp.
The Company is pleased to announce that the resolution proposed at the general meeting of the Company held earlier today (the General Meeting) seeking approval for the disposal of Akron Brass Holding Corp. (the Disposal), as described in the circular to shareholders dated 29 February 2016 (the Circular), was duly passed by shareholders. Full details of the poll results are set out below.
Terms used in this announcement shall have the same meanings as set out in the Circular unless otherwise defined.
General Meeting poll results
| Resolution | Number of poll votes received | For (% of shares voted) | Against (% of shares voted) | Number of votes withheld |
| To approve the Disposal on the terms and subject to the conditions of the Sale Agreement, as described in the Circular and all other agreements and ancillary documents contemplated by the Sale Agreement and to authorise the Directors to implement and complete the Disposal. | 272,134,453 | 99.97% | 0.03% | 486,773 |
Results of the poll can also be viewed on the Company's website: http://www.premierfarnell.com/investors/akron-brass-disposal.
Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' and 'against' a resolution or the total number of votes cast.
The total number of Ordinary Shares in issue as at close of business on 14 March 2016 was 371,622,914. Shareholders are entitled to one vote per Ordinary Share held.
In accordance with Listing Rule 9.6.2, a copy of the resolution passed at the General Meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
For further information, please contact:
| Premier Farnell plc +44 (0)20 7851 4107 Mark Whiteling, Interim Chief Executive Officer Helen Willis, Interim Chief Financial Officer |
| Lazard & Co., Limited (Lead Financial Adviser)+44 (0)20 7187 2000 Nicholas Shott Cyrus Kapadia Vasco Litchfield Barclays Bank PLC, acting through its Investment Bank (Sponsor and Financial Adviser) Mark Astaire +44 (0)20 3134 5180 Alex de Souza +44 (0)20 3134 1063 Nicola Tennent +44 (0)20 3134 9801 |
Cautionary statement
Lazard & Co. Limited (Lazard), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as lead financial adviser to the Company and for no one else in connection with the matters described in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in connection with the matters described in this announcement and is not, and will not be, responsible to anyone other than the Company for providing the protections afforded to clients of Lazard nor for providing advice in connection with the matters set out in this announcement or any transaction, arrangement or other matter referred to in this announcement.
Barclays Bank PLC (Barclays), which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for the Company and for no one else in connection with the matters described in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in connection with the matters described in this announcement and is not, and will not be, responsible to anyone other than the Company for providing the protections afforded to clients of Barclays nor for providing advice in connection with the matters set out in this announcement or any transaction, arrangement or other matter referred to in this announcement.
Other important notices
The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purposes of complying with the UK Listing Rules and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with laws and regulations of any jurisdiction outside of England.
This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. Shareholders are advised to read carefully the formal documentation in relation to the Disposal once it has been despatched. Any response to the proposals should be made only on the basis of the information in the formal documentation to follow.
END
Related Shares:
PFL.L