28th Aug 2009 13:27
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
Wichford P.L.C. ("Wichford" or the "Company")
RESULT OF GENERAL MEETING
Wichford P.L.C. is pleased to announce that all of the resolutions (the "Resolutions") proposed at today's General Meeting, to approve the proposed Rights Issue of 929,333,636 New Ordinary Shares and other related matters, were duly passed without amendment by the required majority.
Further details of the Resolutions are set out in the combined circular and prospectus published by Wichford and sent to Shareholders on 5 August 2009 (the "Prospectus"), a copy of which can be viewed on the Company's website, www.wichford.com.
Details of the proxy votes received in advance of the meeting in respect of the Resolutions are as follows:
|
Resolution |
For |
Against |
Withheld |
|||
|
Number |
% |
Number |
% |
Number |
% |
|
|
Approve the subdivision of the existing issued and authorised but unissued share capital |
66,741,179 |
99.16 |
565,826 |
0.84 |
0 |
0 |
|
Approve an increase in the authorised share capital |
66,739,979 |
99.16 |
565,826 |
0.84 |
1,200 |
0 |
|
Authorise allotments of New Ordinary Shares
|
66,741,179 |
99.16 |
565,826 |
0.84 |
0 |
0 |
|
Disapply certain pre-emption rights |
66,590,469 |
98.95 |
707,926 |
1.05 |
8,610 |
0 |
Notes
Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
A vote "withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
The issued share capital of the Company as at 28 August 2009 is 132,761,948.
All percentages are shown to two decimal places.
In accordance with paragraph 9.6.2 of the Listing Rules, Wichford has submitted two copies of the Resolutions to the UK Listing Authority and these will shortly be available to the public for inspection at the UK Listing Authority's Document Viewing Facility which is situated at:
The Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Tel: 020 7066 1000
It is expected that Provisional Allotment Letters in relation to the New Ordinary Shares to be issued, nil paid, pursuant to the Rights Issue will be posted to Qualifying Non-CREST Shareholders (other than, subject to certain exceptions, Shareholders in any restricted jurisdiction) later today. Nil-Paid Rights are expected to be credited to stock accounts, and enabled for settlement, in CREST for Qualifying CREST Shareholders (other than, subject to certain exceptions, Shareholders in any restricted jurisdiction) at 8.00 a.m. on 1 September 2009. The latest time and date for acceptance and payment in full under the Rights Issue is 11.00 a.m. on 22 September 2009. For full details of the timetable for, and the terms and conditions of, the Rights Issue please refer to the Prospectus.
Capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the Prospectus.
Enquiries:
|
Wichford P.L.C.
|
|
|
Philippe de Nicolay
|
00 33 1 40 74 42 79
|
|
|
|
|
Wichford Property Management Ltd
|
|
|
Philip Cooper
|
020 7495 7111
|
|
Stephen Oakenfull
|
020 7811 0100
|
|
|
|
|
Evolution Securities Limited
|
020 7071 4300
|
|
Tim Worlledge / Jeremy Ellis / Chris Clarke (Corporate Finance)
|
|
|
Chris Sim / Grant Schaffer (Corporate Broking)
|
|
|
|
|
|
KBC Peel Hunt Ltd
|
020 7418 8900
|
|
David Davies / David Anderson / Oliver Stratton (Corporate Finance)
|
|
|
Marianne Woods / Nicholas Marren (Corporate Broking)
|
|
|
|
|
|
Citigate Dewe Rogerson
|
020 7638 9571
|
|
George Cazenove
|
|
|
Hannah Dean
|
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Disclaimer
The information contained in this announcement has been prepared by Wichford P.L.C. (the "Company") in connection with a fully underwritten rights issue by the Company. This announcement is not a prospectus or any other kind of financial promotion. This announcement is a summary only and should be used solely for information purposes. This announcement does not constitute or form part of, and should not be construed as, an offer, invitation or inducement to purchase or subscribe for any securities in the Company nor shall it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This announcement does not take into account any recipient's individual objectives, financial situation or needs and all recipients are expressly warned of the requirement to carry out their own due diligence into the Company and this investment opportunity. Recipients should form their own assessment and take independent professional advice on the merits of investment and the legal, regulatory, tax and investment consequences and risks of doing so. Any decision to purchase securities in any proposed offering should be made solely on the basis of publicly available information and the offering documentation.
The distribution of this announcement and other related documents, including the prospectus, may be restricted in jurisdictions other than the United Kingdom. It is the responsibility of each individual recipient to comply with and observe any restrictions as failure to do so may contravene the securities laws of the relevant jurisdiction.
While all reasonable care has been taken to ensure that the facts stated herein are accurate and that the forecasts, opinions and expectations contained herein are fair and reasonable, in each case at the date stated in this announcement, the Company has not verified the contents hereof and, accordingly, the Company nor any of its directors, officers or employees, shall be in any way responsible for the contents hereof, and no reliance should be placed on the accuracy, fairness or completeness of the information contained in this announcement. No person (including the Company and its directors, employees, shareholders, officers, agents or professional advisers) accepts any liability whatsoever for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Past performance information contained in this announcement is not an indication of future performance. Any projections, opinions, forecasts, estimates or projected returns herein constitute a judgement as at the date of this announcement and there can be no assurance that future results or events will be consistent with any such projections, opinions, forecasts, estimates or projected returns. Receipt of this announcement does not imply or create any duty or other obligation on the Company to inform recipients as to any amendments, changes or other modifications relating to matters contained in the announcement.
Related Shares:
RDI.L