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Result of General Meeting & Update on Acquisition

15 Sep 2011 10:11

RNS Number : 2976O
Hunting PLC
15 September 2011
 



For immediate release 15 September 2011

 

 

 

 

 

 

Hunting PLC

 

("Hunting" or the "Company")

 

Result of General Meeting

 

and

 

Update on Acquisition

 

Hunting PLC (LSE:HTG) is pleased to announce that the resolution in respect of the acquisition of the Titan Group was duly passed at the General Meeting of Hunting held today, notice of which was contained in Hunting's circular to Shareholders dated 25 August 2011 ("the Circular").

 

A copy of the resolution has been submitted to the UK Listing Authority and will shortly be available for inspection via the Financial Services Authority's National Storage Mechanism located at http://www.hemscott.com/nsm.do.

 

Details of the proxy voting instructions, lodged at 10.00a.m. on 13 September 2011, being 48 hours prior to the meeting, are set out below:

 

Resolution

For

%

Discretionary

%

Against

%

Votes Withheld

To approve the acquisition of

the Titan Group

 

119,424,128

99.96

43,756

0.037

3,565

0.003

312,803

A "Vote Withheld" is not a vote in law and is not counted in the calculation of proportion of votes "For" or "Against" a resolution.

 

The total number of shares in issue as at 13 September 2011 were 146,265,111. The total number of proxy votes cast, including 'Votes Withheld', were 119,784,252. Proxies cast were 81.9% of the total number of shares in issue.

 

Completion of the acquisition of the Titan Group is expected to take place tomorrow 16 September 2011, when a further announcement will be made.

 

Terms defined in the Circular have the same meaning herein, unless the context requires otherwise.

 

For further information please contact:

 

Hunting PLC

Dennis Proctor, Chief Executive

Peter Rose, Finance Director

 

Tel: +44 (0) 20 7321 0123

Buchanan

Richard Darby

Jeremy Garcia

Tel: +44 (0) 20 7466 5000

 

Notes to Editors:

 

About Hunting PLC

 

Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a fully listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has principal operations in Canada, China, Hong Kong, Indonesia, Mexico, Netherlands, Singapore, United Arab Emirates and the United States of America.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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