29th May 2014 15:06
29 May 2014
Result of General Meeting
Rexam PLC announces that all of the resolutions set out in the Notice of General Meeting dated 13 May 2014 were passed at a general meeting held at 11.00am on 29 May 2014. Accordingly, the Company will return 57 pence per Existing Ordinary Share to Shareholders on the register at 6.00pm on Friday 30 May 2014 by way of one B or one C Share for each Existing Ordinary Share and a 8 for 9 Share Capital Consolidation. Further details of each of the resolutions are set out in the circular to shareholders published on 13 May 2014 (the Circular).
A poll was conducted on each resolution proposed at the general meeting and the number of votes for and against each of the resolutions and the number of votes withheld were as follows:
RESOLUTION | FOR* | AGAINST | TOTAL | |||||
No. of votes cast | % of votes cast | No. of votes cast | % of votes cast | No. of votes cast | % of issued share capital voted | Votes withheld** | ||
1 | To approve the proposed Return of Cash and Share Capital Consolidation as described in the Circular*** | 548,365,665 | 99.96 | 205,770 | 0.04 | 548,571,435 | 69.27% | 365,321 |
2 | To authorise the directors to allot New Ordinary Shares | 497,098,568 | 90.98 | 49,305,463 | 9.02 | 546,404,031 | 68.99% | 2,532,725 |
3 | To authorise the directors to allot equity securities for cash*** | 547,821,670 | 99.87 | 712,175 | 0.13 | 548,533,845 | 69.26% | 402,911 |
4 | To authorise the Company to make market purchases of own New Ordinary Shares*** | 548,271,779 | 99.95 | 278,760 | 0.05 | 548,550,539 | 69.26% | 386,217 |
* Includes discretionary votes
** A 'Vote withheld' is not a vote in law and is not counted towards the proportion of votes 'For' or 'Against' a resolution
*** Indicates a special resolution
This announcement will be available for viewing in the investors section of www.rexam.com.
In accordance with the Company's obligations under Listing Rule 9.6.2, copies of the resolutions have been submitted to the National Storage Mechanism and will shortly be available for viewing at www.Morningstar.co.uk/uk/nsm.
Terms used in this announcement shall have the same meaning as set out in the Circular.
Enquiries
Investors
Sandra Moura, Head of Investor Relations, Rexam +44 20 7227 4100
Media
Jonathan Thornton, Head of Communications, Rexam +44 20 7227 4100
Katharine Wynne, Tulchan Communications +44 20 7353 4200
Martin Robinson, Tulchan Communications +44 20 7353 4200
Editors' notes:
Rexam is a leading global beverage can maker. We are business partners to some of the world's most famous and successful consumer brands. Our vision is to be the best beverage can maker in the world. We have 55 can making plants in more than 20 countries and employ around 8,000 people. In 2013 our sales were £3.9 billion.
Rexam is a member of the FTSE 100 and its ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. Visit www.rexam.com for further information.
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