29 Dec 2016 12:03
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATION OF SUCH JURISDICTION
29 December 2016
FOR IMMEDIATE RELEASE
EUROMONEY INSTITUTIONAL INVESTOR PLC
("Euromoney" or the "Company")
Result of General Meeting
Euromoney is pleased to announce that the proposed buyback of shares from the Daily Mail and General Trust plc ("DMGT") group has been approved by its shareholders.
The resolutions to approve the buyback (the "Resolutions") were duly passed as ordinary resolutions at the Company's General Meeting held at 11.00am today.
The table below shows the votes received for and against the Resolutions:
Resolution | For[1] | % | Against | % | Total cast | Votes withheld[2] |
To approve the proposed transaction by the Company pursuant to the Buyback Agreement |
45,898,919
|
94.70%
|
2,568,150
|
5.30%
|
48,467,069
|
301,509
|
To approve the terms of the Buyback Agreement and authorise the Company to purchase its own shares |
48,308,364
|
99.67%
|
158,705
|
0.33%
|
48,467,069
|
301,509
|
Votes were cast in respect of approximately 38.01% of the Company's share capital. DMGT abstained from voting on the Resolutions in accordance with the Listing Rules and Companies Act 2006.
In accordance with rule 9.6.2 of the Listing Rules a copy of the Resolutions has been submitted to the National Storage Mechanism. The voting figures will also shortly be available on the Company website at www.euromoney.com/investorrelations.
Capitalised terms used in this announcement have the meanings given to them in the Circular issued by the Company on 13 December 2016.
Enquiries:
Euromoney Institutional Investor PLC
Colin Jones, Finance Director
+44 (0) 20 7779 8666
Tim Bratton, General Counsel & Company Secretary
+44 (0) 20 7779 8288
[1] Any proxy appointments which gave discretion to the Chairman have been included in the "For" total
[2] A "vote withheld" is not a vote in law and is therefore not counted towards the proportion of votes "For" and "Against" the Resolution