14th Jan 2008 12:57
SMC Group Plc14 January 2008 14 January 2008 SMC Group Plc ("SMC" or "the Company") Results of the General Meeting SMC announces that at the General Meeting of its Shareholders held today,ordinary resolutions 1 to 3 as set out in the notice of General Meetingcontained in the Prospectus sent to Qualifying Shareholders on 18 December 2007were duly passed. In order to comply with the City Code, resolution 3 was passedon a poll, with 17,451,541 votes for the resolution, representing approximately63.41 per cent. of the votes cast, and 10,070,420 votes against the resolution,representing approximately 36.59 per cent. of the votes cast. Resolution 4 as set out in the notice of General Meeting contained in theProspectus which was proposed as a special resolution was not passed. Details of the proxy votes received prior to the General Meeting were asfollows: +----------+-----------------+---------------+-------------+--------------+|Resolution| For | Discretion to | Against | Withheld* || | | Chairman | | |+----------+----------+------+-------+-------+------+------+-------+------+| | Number | % |Number | % |Number| % |Number | % |+----------+----------+------+-------+-------+------+------+-------+------+|1 |17,181,811|34.66%|214,213| 0.43%|14,605| 0.03%|194,000| 0.39%|+----------+----------+------+-------+-------+------+------+-------+------+|2 |17,181,811|34.66%|214,213| 0.43%|10,161| 0.02%|198,444| 0.40%|+----------+----------+------+-------+-------+------+------+-------+------+|3 |17,184,351|34.66%|214,213| 0.43%|10,161| 0.02%|195,904| 0.40%|+----------+----------+------+-------+-------+------+------+-------+------+|4 |17,181,811|34.66%|214,213| 0.43%|18,605| 0.04%|190,000| 0.38%|+----------+----------+------+-------+-------+------+------+-------+------+ * A vote withheld is not a vote in law and will not be counted in thecalculation of the proportion of votes for and against each resolution. In total, 17,604,629 proxy votes were received, representing approximately 35.51per cent. of the Company's Existing Ordinary Shares. On 18 December 2007, the Company announced its intention to raise approximately£15.1 million, before expenses, by way of an Open Offer of up to 188,377,187 NewOrdinary Shares at 8 pence per share on the basis of 19 New Ordinary Shares forevery 5 Existing Ordinary Shares. The Open Offer was made to QualifyingShareholders holding Ordinary Shares at the close of business on the RecordDate. Other than in relation to those New Ordinary Shares which the Directors agreedto subscribe for or procure that their nominees subscribe for either under theOpen Offer or otherwise, in order to provide certainty as to the amount ofcapital to be raised, the Company arranged for the Open Offer to be fullyunderwritten by the Ironshield Fund, acting upon the advice of its investmentmanager, Ironshield, pursuant to the terms and conditions of the UnderwritingAgreement. Terms used in this announcement have the same meaning as those defined in theProspectus published by the Company dated 18 December 2007. For further information: SMC Group Plc Tel: +44 (0)20 7495 5335Rob Boardman Numis Securities Limited Tel: +44 (0)20 7260 1000Stuart Skinner/Brent Nabbs/JamesSerjeant Bell Pottinger Corporate & Financial Tel: +44 (0)20 7861 3232David Rydell/Chris Hamilton - ends - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ARL.L