8 Sep 2011 15:00
City of London Group plc (the "Company")
Results of Annual General Meeting and General Meeting
The Company is pleased to announce that all the resolutions proposed at the Annual General Meeting held earlier today were passed. A summary of the proxy votes received in advance of the meeting is as follows:
Resolution | Votes For | % | Votes Against | % | Votes Withheld | |
1 | Report and Accounts | 6,751,919 | 99.99 | 245 | 0.01 | 0 |
2 | Directors' Remuneration Report | 6,721,099 | 99.55 | 31,065 | 0.45 | 0 |
3 | Declare a final dividend of 1.0p per share | 6,731,919 | 99.70 | 20,000 | 0.30 | 245 |
4 | Re-elect Eric Anstee as Director | 6,751,599 | 99.99 | 320 | 0.01 | 245 |
5 | Re-elect John Greenhalgh as Director | 5,797,985 | 85.87 | 953,934 | 14.13 | 245 |
6 | Re-elect John Kent as Director | 6,751,672 | 99.99 | 247 | 0.01 | 245 |
7 | Re-elect Henry Lafferty as Director | 6,751,599 | 99.99 | 320 | 0.01 | 245 |
8 | Re-appoint Rees Pollock LLP as Auditors | 6,751,769 | 99.99 | 150 | 0.01 | 245 |
9 | Authorise allotment of shares with pre-emption rights |
6,751,599 | 100 | 0 | 0 | 565 |
10 | Authorise disapplication of pre-emption rights | 5,756,072 | 85.25 | 995,847 | 14.75 | 245 |
11 | Authorise disapplication of pre-emption rights for sale of treasury shares |
5,756,145 | 85.25 | 995,774 | 14.75 | 245 |
12 | Authorise issue of shares or sale of treasury shares at a discount to net asset value |
5,748,675 | 85.23 | 996,244 | 14.77 | 7,245 |
13 | Authorise market purchase of own shares | 6,728,172 | 99.65 | 23,747 | 0.35 | 245 |
14 | Authorise convening of General Meetings on 14 days' notice |
6,724,672 | 99.89 | 7247 | 0.11 | 20,245 |
Notes:
1. The 'For' vote includes those giving the Chairman discretion.
2. 'Votes withheld' are not counted when deciding whether or not a resolution is carried.
3. The total number of Ordinary Shares in issue as at the date of the AGM Notice was 18,369,657.
In accordance with LR 9.6.2R the full text of resolutions 10, 11, 13 and 14 have been submitted to the National Storage Mechanism and will soon be available for inspection at www.Hemscott.com/nsm.do.
The Company is also pleased to announce that all the resolutions proposed at the General Meeting held earlier today were passed. A summary of the proxy votes received in advance of the meeting is as follows:
Resolution | Votes For | % | Votes Against | % | Votes Withheld | |
1 | Authorise grant of options in accordance with the employee option agreement | 6,116,989 | 99.80 | 12,317 | 0.2 | 625 |
2 | Authorise grant of options in accordance with the consultant option agreement | 6,107,826 | 99.69 | 18,980 | 0.31 | 3,125 |
Notes:
1. The 'For' vote includes those giving the Chairman discretion.
2. 'Votes withheld' are not counted when deciding whether or not a resolution is carried.
3. The total number of Ordinary Shares in issue as at the date of the AGM Notice was 18,369,657.
In accordance with LR 9.6.2R the full text of resolutions 1 and 2 have been submitted to the National Storage Mechanism and will soon be available for inspection at www.Hemscott.com/nsm.do.
Enquiries:
City of London Group plc | 020 7628 5518 |
Eric Anstee, Chief Executive | |
Singer Capital Markets | 020 3205 7500 |
Jeff Keating/Jonathan Marren | |
College Hill | 020 7457 2020 |
Roddy Watt/Tony Friend |