24th May 2007 12:04
Mucklow(A.& J.)Group PLC24 May 2007 A & J Mucklow Group plc 24 May 2007 Result of Extraordinary General Meeting Confirmation of Proposed Conversion to Real Estate Investment Trust Status A & J Mucklow Group plc ('the Company') confirms that, following theExtraordinary General Meeting held yesterday, at which shareholders approvedchanges to its Articles of Association, it will be taking the necessary stepsfor the Company and its subsidiaries to convert to a Real Estate InvestmentTrust ('REIT') on 1 July 2007. This conversion will be effected by way of anotification letter to HM Revenue & Customs and will result in the payment of aconversion charge of 2% of the value of the Group's qualifying property assets. The conversion charge will be based on the Group's independent open marketvaluation as at 30 June 2007, and will be included in the announcement toshareholders to be made in September 2007 in respect of the Group's results forthe financial year to 30 June 2007. The Company received valid proxies for the Extraordinary General Meeting inrespect of 41,988,918 shares. Votes in respect of 41,917,614 shares,representing over 99% of the shares subject to valid proxies, were cast infavour of the Resolution or left to the Chairman's discretion; votes in respectof 37,835 shares (representing less than 1% of valid proxies) were cast againstthe Resolution; and votes in respect of 33,469 shares, representing less than 1%of valid proxies, were withheld. Copies of the Resolution passed at the Extraordinary General Meeting will beavailable shortly for inspection by the public during normal business hours onany weekday (except public holidays) at the UK Listing Authority's DocumentViewing Facility, which is situated at the Financial Services Authority, 25 TheNorth Colonnade, Canary Wharf, London, E14 5HS (tele: +44 9 (0) 20 7676 1000). Contacts: A & J Mucklow Group plcRupert MucklowChairman0121 550 1841 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mucklow (A & J)