14th Dec 2015 14:41
14 December 2015
LMS Capital plc ("LMS Capital" or the "Company")Results of General Meeting
The Company announces that, at the general meeting held earlier today: (i) the resolution proposed in relation to the authorisation of the Company to make one or more market purchases of ordinary shares in connection with the proposed tender offer for ordinary shares (the "Repurchase Resolution") was passed as a special resolution; and (ii) the resolution proposed in relation to the approval of the waiver of Rule 9 of the City Code on Takeovers and Mergers (as detailed in the circular sent to shareholders on 27 November 2015) in connection with the tender offer for ordinary shares (the "Rule 9 Waiver Resolution") was passed as an ordinary resolution (together, the "Resolutions").
The voting figures for the Resolutions were as follows:
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| Total votes cast | |
Resolution | For / discretionary* (number/%)* | Against (number/%)* | Voteswithheld** (number) | Number | % of issued share capital represented by the votes cast |
1. Repurchase Resolution | 96,718,695 (99.99%) | 11,198 (0.01%) | 0 | 96,729,893 | 66.59% |
2. Rule 9 Waiver Resolution*** | 44,241,108 (98.61%) | 623,268 (1.39%) | 35,164 | 44,864,376 | 30.89% |
* Percentages are expressed as a proportion of the total votes cast.** A vote withheld is not a vote in law and is not counted in the calculation of the votes "for" or "against" the Resolutions, nor in the calculation of the total votes cast.
*** The Concert Party (as defined in the circular sent to shareholders on 27 November 2015) was not permitted to vote on this resolution.
The results of the general meeting (including this information) will shortly be available on the Company's website at www.lmscapital.com.
In accordance with the UK Financial Conduct Authority's Listing Rules, a copy of the Resolutions will shortly be submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/NSM.
For further information please contact:
LMS Capital plc 0207 935 3555Nick Friedlos, Executive DirectorTony Sweet, Chief Financial Officer
MHP Communications 0203 128 8100Katie HuntLeah Sumeray
About LMS Capital
LMS Capital is an investment company which, following a general meeting on 30 November 2011, is undertaking a realisation strategy with the aim of achieving a balance between an efficient return of cash to shareholders and optimising the value of the Company's investments. Its investment portfolio consists of small to medium sized companies across a range of sectors.
www.lmscapital.com
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