Last checked at 13 Feb 2014 11:41
13 February 2014
IMI plc announces the results of the general meeting held on 13 February 2014 relating to its proposed return of £620 million to Shareholders and Share Capital Consolidation
IMI plc ("IMI" or the "Company") announces that all of the resolutions proposed at the general meeting of the Company held on 13 February 2014 relating to its proposed return of £620 million to Shareholders and Share Capital Consolidation were passed by the requisite majorities and the results of the poll are as set out below:
FOR | AGAINST | TOTAL | WITHHELD2 | ||||
Resolutions | Number of Votes | % Votes1 | Number of Votes | % Votes1 | Number of Votes | % of Issued Share Capital Voted1,2,3 | Number of Votes |
1. Approve New Articles of Association | 215,815,254 | 99.96 | 89,851 | 0.04 | 215,905,105 | 69.61 | 929,366 |
2. Approve capitalisation of reserves, grant directors authority to allot B Shares and C Shares, approve subdivision and consolidation of Existing Ordinary Shares, grant directors authority to transfer Deferred Shares and approve terms of the Option Agreement | 215,841,624 | 99.95 | 99,191 | 0.05 | 215,940,815 | 69.63 | 893,790 |
3. Authority to allot shares | 207,887,973 | 95.93 | 8,817,856 | 4.07 | 216,705,829 | 69.87 | 128,642 |
4. Authority to allot equity securities for cash | 214,845,449 | 99.93 | 151,996 | 0.07 | 214,997,445 | 69.32 | 1,837,026 |
5. Authority to purchase own shares | 208,695,668 | 96.31 | 7,987,338 | 3.69 | 216,683,006 | 69.86 | 151,465 |
Notes:
1. The percentages are rounded to two decimal places.
2. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a resolution.
3. The number of ordinary shares in issue (excluding treasury shares) at 6.00 pm on 12 February 2014 was 310,147,744.
A record of the results of the resolutions passed at the general meeting will also be available on the Company's website at www.imiplc.com.
A copy of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.hemscott.com/nsm.do.
Terms used in this announcement but which are otherwise undefined shall have the same meanings as set out in the circular published by the Company on 21 January 2014 in relation to the Return of Cash.
Enquiries to:
Will Shaw IMI Tel: +44 (0)121 717 3712
Suzanne Bartch StockWell Communications Tel: +44 (0)20 7240 2486
Robert Morgan
Edmund Byers J.P. Morgan Cazenove Tel: +44 (0)20 7777 2000
James Thomlinson
Andrew Seaton Citi Tel: +44 (0)207 986 0500
Christopher Wren
Ends