Last checked at 27 Apr 2012 11:47
27 April 2012
FLYING BRANDS LIMITED
RESULT OF EXTRAORDINARY GENERAL MEETING ("EGM")
Flying Brands Limited (the "Company") is pleased to announce that the resolutions put to shareholders at the Company's EGM held earlier today relating to the proposed disposal of the Gifts Division (the "Gifts Disposal") and the proposed disposal of the Garden Bird Supplies, Garden Centre Online and Listen2 businesses (the "BG&L Disposal") were duly passed on a show of hands.
Following shareholder approval, the Company expects both the Gifts Disposal and the BG&L Disposal to complete on 30 April 2012.
The following levels of proxy appointments were received by the Company prior to the EGM:
Resolutions | For | Against | Chairman's discretion (Note i) | Votes withheld | |||
Number of shares | % of total | Number of shares | % of total | Number of shares | % of total | ||
To approve the disposal of the Gifts division | 15,988,086
| 99.83 | 5,516 | 0.03 | 22,338 | 0.14 | 233 |
To approve the disposal of the BG&L Businesses and the Domain Name Disposal | 15,822,990 | 98.8 | 21,016 | 0.13 | 171,937 | 1.07 | 233 |
Notes:
(i) Proxy appointments which gave discretion to the Chairman have been cast in favour of each resolution.
(ii) Issued share capital at 27 April 2012: 28,073,735 ordinary shares. Proxy appointments were received from shareholders of 16,015,940 ordinary shares amounting to 57.05% of the issued share capital.
(iii) A "Vote Withheld" is not counted towards the votes cast "For" or "Against" the resolutions.
A copy of the resolutions passed at the EGM is available for inspection on the National Storage Mechanism at www.hemscott.com/nsm.do.
For further information, please contact:
Flying Brands Limited 01245 228 300
Stephen Cook, Chief Executive
Stuart Dootson, Group Finance Director
Singer Capital Markets Limited 020 3205 7500
Claes Spang
Nick Donovan
Smithfield Consultants 020 7360 4900
John Kiely