5th Jun 2009 12:05
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, JAPAN, THE REPUBLIC OF SOUTH AFRICA, CANADA OR SINGAPORE
THIS ANNOUNCEMENT SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES, NOR SHALL THERE BE ANY SALE OR PURCHASE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE AVAILABILITY OF THE RIGHTS ISSUE TO PERSONS NOT RESIDENT IN THE UNITED KINGDOM MAY BE AFFECTED BY THE LAWS OF THE RELEVANT JURISDICTIONS. SUCH PERSONS SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY APPLICABLE REQUIREMENTS.
FOR IMMEDIATE RELEASE
5 June 2009
Shaftesbury PLC ("Shaftesbury" or the "Company")
RESULTS OF GENERAL MEETING
Shaftesbury announces that all of the resolutions (the "Resolutions") put forward at today's General Meeting in relation to its 2 for 3 Rights Issue as set out in the notice of the General Meeting to the shareholders of the Company (the "Shareholders") dated 20 May 2009, were duly passed by the Shareholders. The passing of the Resolutions will enable the Company to proceed with the fully underwritten Rights Issue to raise net proceeds of £149.1 million through the issue of up to 90,329,134 New Shares announced on 20 May 2009.
The Resolutions were passed at the General Meeting by way of a show of hands. A summary of the votes received in respect of the Resolutions (including the proxy votes received in advance of the General Meeting) is set out below.
|
Resolution |
For |
Against |
Withheld |
|
Resolution 1: To increase the authorised share capital of the Company |
102,540,032 |
4,881,481 |
202,617 |
|
Resolution 2: To provide the Directors of Shaftesbury with the authority to allot shares pursuant to the Rights Issue |
101,880,373 |
5,541,140 |
202,617 |
In accordance with paragraph 9.6.2 of the Listing Rules of the UK Listing Authority, two copies of the Resolutions will shortly be available for inspection at the Financial Services Authority's Document Viewing Facility which is situated at: the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. The Document Viewing Facility is open from 9.00am to 5.30pm on every weekday except bank holidays.
It is expected that Admission will take place and that the dealings in the New Shares (nil paid) on the London Stock Exchange's main market will commence at 8.00am on 8 June 2009. It is also expected, subject to certain exceptions, that Nil Paid Rights will be credited to the stock accounts of Qualifying CREST Shareholders and enabled in CREST as soon as practicable after 8.00a.m. on 8 June 2009 and that Provisional Allotment Letters in relation to entitlements to the New Shares to be issued pursuant to the Rights Issue will be posted later today to Qualifying Non-CREST Shareholders.
The latest time for acceptance and payment in full under the Rights Issue is 11.00am on 30 June 2009. Words and expressions defined in the prospectus dated 20 May 2009 (the "Prospectus") have the same meaning in this announcement unless the context so requires otherwise.
Contacts
For further information, please contact:
Shaftesbury PLC: +44 (0)20 7333 8118
Jonathan Lane, Chief Executive Brian Bickell, Finance Director Penny Thomas, Company Secretary
DISCLAIMER
This Announcement has been issued by and is the sole responsibility of Shaftesbury PLC.
This Announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security in the capital of the Group in any jurisdiction.
This Announcement is an advertisement and does not constitute a prospectus. Nothing in this Announcement should be interpreted as a term or condition of the Rights Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any Nil Paid Rights, Fully Paid Rights and/or New Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus.
This Announcement and any materials distributed in connection with this Announcement are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. This Announcement is not an offer of securities for sale in the United States. The Nil Paid Rights, the Fully Paid Rights, the New Shares and the Provisional Allotment Letters if and when issued in connection with the Rights Issue have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ''Securities Act''), or under the securities legislation of any state or territory or jurisdiction of the United States and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in or into the United States absent registration under, or an exemption from, the registration requirements of the Securities Act and in compliance with any relevant state securities laws. There will be no public offer of the securities mentioned herein in the United States. Neither this Announcement (including and any materials distributed in connection with this announcement) nor any part or copy of it may be transmitted into the United States, its territories or possessions or distributed, directly or indirectly, in the United States, its territories or possessions. Neither this Announcement nor any copy of it may be taken or transmitted into United States, Japan, The Republic of South Africa, Canada, Singapore or any other such jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of the securities laws of the United States, Japan, The Republic of South Africa, Canada or Singapore. The distribution of this Announcement in other jurisdictions may be restricted by law and persons into whose possession this Announcement comes should inform themselves about, and observe any such restrictions. The Ordinary Shares (including Existing Ordinary Shares and New Shares) have not been and will not be registered under the applicable securities laws of the United States, Japan, The Republic of South Africa, Canada or Singapore and, subject to certain exemptions, may not be offered or sold within the United States, Japan, The Republic of South Africa, Canada or Singapore.
Neither the content of Shaftesbury's website nor any website accessible by hyperlinks on Shaftesbury's website is incorporated in, or forms part of, this Announcement.
Related Shares:
SHB.L