26th May 2005 15:55
Rentokil Initial PLC26 May 2005 REG-Rentokil Initial PLC - Scheme of arrangement: Result of Meetings PROPOSED REORGANISATION OF RENTOKIL INITIAL PLC ("RENTOKIL INITIAL") RESULTS OF COURT MEETING AND EXTRAORDINARY GENERAL MEETING Court Meeting The Board of Rentokil Initial is pleased to announce that, at a meeting ofRentokil Initial shareholders, convened by the High Court of England and Wales(the "High Court") and held earlier today (the "Court Meeting"), the proposedscheme of arrangement under section 425 of the Companies Act 1985 (the "Scheme")to introduce a new listed holding company, Rentokil Initial 2005 plc (to berenamed Rentokil Initial plc upon the Scheme becoming effective) ("New RentokilInitial"), was duly approved. Details of the Scheme and the notice of the CourtMeeting are set out in the circular posted to Rentokil Initial shareholders on26 April 2005. The vote was conducted by way of a poll and the results were as follows: By number % By shareholding % Votes in favour 3,700 93.7% 1,130,217,543 99.95% Votes against 248 6.3% 543,995 0.05% Extraordinary General Meeting At an Extraordinary General Meeting of Rentokil Initial shareholders heldimmediately after the Court Meeting, a special resolution approving variousmatters to give effect to the Scheme was also duly passed (on a show of hands). Details of the resolution are contained in the notice of the ExtraordinaryGeneral Meeting set out in the circular posted to Rentokil Initial Shareholderson 26 April 2005. The Scheme remains subject to the satisfaction of certain conditions, includingthe sanction of the High Court at a hearing expected to be held on 20 June 2005.Subject to the satisfaction of such conditions, the Scheme is expected to becomeeffective on 21 June 2005 and the issued ordinary share capital of New RentokilInitial is expected to be admitted to the Official List and to trading on theLondon Stock Exchange's market for listed securities at 8.00 a.m. on 21 June2005. It is also expected that Rentokil Initial ordinary shares will be delistedat that time. A further announcement will be made following the Court hearing. For further information please contact: Rentokil Initial Roger Payne, Group Finance Director Tel: 01342 830 350Charles Grimaldi, Investor Relations Tel: 01342 830 228 UBS Investment Bank Emma Goodrick Tel: 020 7567 8000Jonathan Bewes Tel: 020 7567 8000 UBS Limited is acting for Rentokil Initial and New Rentokil Initial and no-oneelse in connection with the Scheme and the proposed reduction of capital of NewRentokil Initial ("Reduction of Capital") and, accordingly, will not beresponsible to anyone other than Rentokil Initial and New Rentokil Initial forproviding the protections afforded to its clients nor for providing advice inrelation to the Scheme or the Reduction of Capital or any other matters referredto in the Listing Particulars, the Scheme Document or herein. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rentokil Initial