2nd Aug 2010 12:15
For immediate release 2 August 2010
LXB Retail Properties Plc ("LXB Retail", the "Company")
Result of Extraordinary General Meeting
On 14 July 2010, LXB Retail announced the results of a conditional Placing to raise approximately £39.1 million.
On 16 July 2010, LXB Retail announced the posting to its shareholders of a circular in relation to the Placing ("Circular") which contained, amongst other things, a copy of notice of the Extraordinary General Meeting to approve certain matters in respect of the Placing and amendment of the Company's investing policy which required shareholder approval.
The Directors announce that all of the resolutions required in respect of the Placing were duly passed at the Extraordinary General Meeting held earlier today by the requisite majority of Shareholders, who voted either in person or by proxy.
The results of the votes are set out below:
|
General Meeting |
FOR |
AGAINST |
WITHHELD* |
|||
|
Number |
% |
Number |
% |
Number |
% |
|
|
(1) Ordinary resolution approving the adoption of an amended and restated investing policy |
93,279,598 |
99.38 |
582,870 |
0.62 |
0 |
0 |
|
Special resolutions approving: |
||||||
|
(2) the disapplication of pre-emption rights in connection with the Placing |
93,137,344 |
99.23 |
725,124 |
0.77 |
0 |
0 |
|
(3) the amendment of the Company's articles of association |
93,862,468 |
100 |
0 |
0 |
0 |
0 |
Note:
* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution
It is expected that Admission will become effective, and dealings in Placing Shares will commence, at 8:00am on 3 August 2010.
Capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the Circular unless the context requires otherwise.
For further information please contact:
LXB Manager LLP Tel: 020 7432 7900
Tim Walton, CEO
Brendan O'Grady, FD
Buchanan Communications Tel: 020 7466 5000
Charles Ryland / Nicola Cronk / George Prassas
Related Shares:
LXB.L