Gusbourne Regulatory News (GUS)

12 Dec 2005 12:15

GUS PLC12 December 2005 GUS plc Result of EGM On 17 November 2005, GUS plc announced details of its plans to demerge itsremaining 65% stake in Burberry Group plc, subject to the approval of both GUSand Burberry shareholders. The Board of GUS is pleased to announce that all resolutions proposed at itsExtraordinary General Meeting held earlier today, including resolutions toapprove the demerger of Burberry, the consolidation of GUS' share capital andall other consequential matters were duly passed by its shareholders. TheProposals were also approved by the independent shareholders of Burberry at itsExtraordinary General Meeting held earlier today. Application has been made to the UK Listing Authority and the London StockExchange for 877,604,802 new GUS shares of 29 3/43p to be admitted to theOfficial List and to be admitted to trading. Application has also been made fora further 1,946,343 new GUS shares of 29 3/43p to be block listed. The blocklistings consist of 504,645 shares under the Executive Share Option Scheme,1,206,823 shares under the SAYE Share Option Scheme and 234,875 shares under theNorth America Qualified Employee Stock Purchase Plan. Copies of the resolutions passed at GUS' EGM have been submitted to the UKListing Authority and will shortly be available for inspection at the UK ListingAuthority's Document Viewing Facility, which is situated at the FinancialServices Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS(telephone number 020 7676 1000), during normal business hours on any weekday(public holidays excepted). As a result of these approvals, for every 1,000 existing GUS shares held at 0700hours on 13 December 2005 (the Record Time), GUS shareholders will receive 305Burberry Ordinary shares and 860 new GUS shares. Dealings in the new GUS shareswill commence at 0800 hours on 13 December 2005. Following the share consolidation, the number of new GUS shares for the purposeof calculating earnings per share in a full year will be approximately 850m(excluding own shares held in Treasury and in the ESOP Trust). For the year to31 March 2006, the average number of shares for the purpose of calculatingearnings per share will be approximately 946m. Enquiries GUSDavid Tyler Group Finance Director 020 7495 0070Fay Dodds Director of Investor Relations FinsburyRupert Younger 020 7251 3801Rollo Head GUS announcements are available on www.gusplc.com. Burberry Ordinary Shares are listed on the Official List and traded on theLondon Stock Exchange. The Burberry Ordinary Shares have not been and will notbe registered under the US Securities Act of 1933, as amended (the "SecuritiesAct"), and may not be offered or sold unless pursuant to a transaction that isregistered under the Securities Act, or not required to be registeredthereunder, or pursuant to an exemption from the registration requirementsthereof. The Burberry Ordinary Shares referred to in this announcement have not beenapproved or disapproved by the US Securities and Exchange Commission, any statesecurities commission in the United States or any other US regulatory authority,nor have such authorities passed upon or determined the adequacy or accuracy ofthis announcement. Any representation to the contrary is a criminal offence inthe United States. This information is provided by RNS The company news service from the London Stock Exchange