6th Apr 2011 10:28
St Ives plc - Result of General Meeting
St Ives plc ("the Company") is pleased to announce that the ordinary resolution proposed at the General Meeting held earlier today to approve the disposal of the Company's Magazine Business was passed on a show of hands. In total 332 valid proxy cards were received by the registrars voting 86,286,195 ordinary shares. This represents 81.52% of the issued share capital of the Company as at today's date.
The issued share capital of St Ives plc as at 6 April 2011 is 105,848,507 ordinary shares of 10 pence each. Each share carries one vote.
Patrick Martell, as Chairman of the General Meeting, was appointed as proxy in respect of 86,219,312 votes cast. He was given instructions on how to vote on the resolution before the Meeting today in respect of 85,894,945 shares and was given discretion on how to vote in respect of 66,431 shares. His appointment as proxy and accordingly his voting rights over these shares lapsed immediately following the General Meeting.
Lloyd Wigglesworth was appointed as proxy in respect of 10,000 shares registered in the name of NW Brown ISA Nominees Limited but held beneficially by Mr Wigglesworth. His appointment as proxy and accordingly his voting rights over these shares lapsed immediately following the General Meeting.
A breakdown of proxy votes lodged 48 hours prior to the General Meeting is setout below: Votes 'For' and Votes Votes Ordinary Resolution 'Discretionary' 'Against' 'Withheld' Number % Number % Number
To approve the disposal of the 85,691,590 99.6% 336,669 0.4% 257,936 Magazine business
Votes `Withheld' have not been included in the proportion of votes cast `For' and `Discretionary' and `Against'.
Proxy figures will also be disclosed in the investor area of the Company's website www.st-ives.co.uk. A copy of the resolution passed at the General Meeting will be submitted to the National Storage Mechanism and in due course will be available to view at www.Hemscott.com/nsm.do by searching using St Ives plc's code `SIV'.
Enquiries:
Philip Harris Telephone: 020 7928 8844
Company SecretarySt Ives plc6 April 2011
vendorRelated Shares:
KCT.L