Cable & Wireless Communications Plc ("CWC" or the "Group") announces that at its General Meeting held today at 11am (BST) the ordinary resolution to approve the disposal of the Group's Monaco & Islands business unit to Batelco International Group Holding Limited was duly passed on a poll.
Details of the result are given below:
TOTAL % OF ISSUED SHARE CAPITAL VOTED
Completion of the disposal of the majority of the Group's Monaco & Islands business unit is anticipated to take place by the end of March 2013. Completion is dependent upon, amongst other things, the obtaining of required regulatory clearances. If there is any delay in obtaining such clearances the timing of Completion may change.
Unless otherwise specified, capitalised terms used in this announcement have the meaning ascribed to them in the circular from CWC to its shareholders dated 19 December 2012.
In accordance with Listing Rule 9.6.2, a copy of all resolutions passed other than resolutions concerning ordinary business have today been submitted to the UK Listing Authority for publication through the National Storage Mechanism at www.hemscott.com/nsm.do
On 17 October 2012, CWC confirmed that it is in discussions with CITIC regarding a potential sale of its 51% shareholding in CTM. The Group has continued to make good progress in those discussions. However, a definitive agreement has not yet been reached and, accordingly, there can be no certainty that the discussions will lead to a transaction. A further announcement will be made, as appropriate, in due course.
Steve Smith +44 (0) 20 7315 4070 / +44 (0) 7785 778 375
About Cable & Wireless Communications Plc
Cable & Wireless Communications Plc is a global full-service communications business. We operate leading communications businesses through four regional units - the Caribbean, Panama, Macau and Monaco & Islands. Our services include mobile, broadband and domestic and international fixed line services in most of our markets as well as pay TV, data centre and hosting, carrier and managed service/social telecom (telecom enabled public services) solutions. Our operations are focused on providing our customers - consumers, businesses, governments - with world-class service. Serving the communities where we operate is at the heart of our approach, and we are committed to behaving in an ethical and socially responsible manner. For more information visit www.cwc.com
This information is provided by RNS
The company news service from the London Stock Exchange
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.