22 Aug 2012 12:00
Goals Soccer Centres plc
("Goals" or the "Company")
Results of Court Meeting and General Meeting
The Company announces that, at the Court Meeting held earlier today, Independent Shareholders did not vote by the requisite majority to approve the Scheme to implement the recommended acquisition of the Company by Goliath Bidco Limited ("Goliath"), a company controlled by Ontario Teachers' Pension Plan Board ("OTPP"). Subsequent to the result of the Court Meeting, no resolutions were proposed at the General Meeting.
As a result, the Scheme has now lapsed.
At the Court Meeting, a poll was conducted on the proposed resolution and the results are detailed below:
Number of Independent Shareholders who voted | Number of Scheme Shares voted | Percentage of Scheme Shares voted | |
For | 61 | 21,783,782 | 71.4 |
Against | 19 | 8,727,601 | 28.6 |
Total | 80 | 30,511,383 | 100 |
Sir Rodney Walker, Non-Executive Chairman of Goals, commented: "Following the result of today's Court Meeting, the Non-Executive Directors and Executive Management will continue to focus on delivering the Group's strategy of delivering a best-in-class 5-a-side football experience to customers in the UK and beyond."
The Group will announce its interim results by the end of September 2012. A further update will be given in due course.
The Company can confirm it is not in discussions with any other party regarding a potential offer for the Company. Accordingly, the Company is no longer in an offer period for the purposes of the City Code on Takeovers and Mergers.
A copy of this announcement will be made available shortly on the Company's website www.goalsplc.co.uk in accordance with Rule 30.4 of the Code.
Capitalised terms not otherwise defined shall have the same meanings as set out in the Scheme Document.
22 August 2012
Enquiries
College Hill Jamie Ramsay
| 020 7457 2020 079 1717 8920 |
Canaccord Genuity Limited Mark Dickenson / Adam Miller / Joe Weaving | 020 7523 8350
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