17th Sep 2014 15:13
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
PUNCH TAVERNS PLC
("Punch")
Shareholder approval of the restructuring proposals
Punch announces that all of the resolutions to approve the restructuring proposals set out in the combined circular and prospectus dated 18 August 2014 were passed by shareholders at a General Meeting held earlier today.
Details of the number of shares in respect of which proxy appointments were made and the proxy votes cast for, against and withheld for each resolution which was put to the General Meeting are set out at the end of this announcement.
Copies of the resolutions passed by shareholders will be submitted to the National Storage Mechanism and will shortly be able to be viewed and downloaded at www.morningstar.co.uk/uk/NSM.
Meetings of noteholders in the Punch A and Punch B securitisations to approve the restructuring proposals are also taking place today. A further announcement will be made once these meetings have concluded.
17 September 2014
Enquiries:
Punch Taverns plc | Tel: 01283 501 948 |
Stephen Billingham, Executive Chairman |
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Steve Dando, Finance Director
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Brunswick Jonathan Glass, Mike Smith | Tel: 020 7404 5959 |
Disclaimer
This announcement is not intended to and does not constitute or form part of any offer to sell or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the proposals set out herein or otherwise, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor or be considered a recommendation that any investor should subscribe for or purchase or invest in any securities.
The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 as amended (the "Securities Act") or under any U.S. state securities laws and may not be offered or sold within the United States unless any such securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act and any applicable state laws is available.
DETAILS OF PROXY VOTES FOR THE GENERAL MEETING HELD ON 17 SEPTEMBER 2014
For resolutions decided on a show of hands, the following levels of proxy appointments and associated instructions were received prior to the meeting1:
Resolution | For | Against | Discretion | Total shares voted | Withheld Shares | ||||
Shares | % | Shares | % | Shares | % | Shares | %1 | ||
1Ordinary Resolution | 594,338,858 | 99.79 | 1,161,798 | 0.20 | 107,507 | 0.01 | 595,608,163 | 89.46 | 855,053 |
2Ordinary Resolution | 470,306,912 | 99.10 | 4,152,750 | 0.88 | 107,759 | 0.02 | 474,567,421 | 71.28 | 121,895,795 |
3Ordinary Resolution | 514,897,624 | 99.18 | 4,157,018 | 0.80 | 107,759 | 0.02 | 519,162,401 | 77.98 | 77,300,815 |
4Ordinary Resolution | 594,318,217 | 99.78 | 1,174,379 | 0.20 | 107,754 | 0.02 | 595,600,350 | 89.46 | 862,866 |
5Special Resolution | 594,305,188 | 99.78 | 1,194,421 | 0.20 | 107,754 | 0.02 | 595,607,363 | 89.46 | 855,853 |
6Special Resolution | 594,299,920 | 99.78 | 1,199,489 | 0.20 | 107,754 | 0.02 | 595,607,163 | 89.46 | 856,053 |
Notes to the Disclosure:
1. Total shares voted as a percentage of Punch's total issued share capital (665,806,022 shares).
Related Shares:
Punch Taverns PLC