13 Jun 2011 14:45
13 June 2011 |
LXB RETAIL PROPERTIES PLC
("LXB Retail")
Result of Extraordinary General Meeting
On 26 May 2011, LXB Retail announced the results of a conditional Placing to raise approximately £110 million (net of expenses).
On 1 June 2011, LXB Retail announced the posting to its shareholders of a circular in relation to the Placing (the "Circular") which contained, amongst other things, a copy of the notice of the Extraordinary General Meeting outlining a special resolution to approve the disapplication of pre-emption rights in connection with the Placing (the "Resolution").
The Directors announce that the Resolution was duly passed at the Extraordinary General Meeting held earlier today by the requisite majority of Shareholder who voted either in person or by proxy.
The results of the vote are set out below:
General Meeting | FOR | AGAINST | WITHHELD* | |||
Number | % | Number | % | Number | % | |
The disapplication of pre-emption rights in connection with the Placing. | 139,845,231 | 99.33 | 949,610 | 0.67 | 0 | 0 |
* 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
It is expected that Admission will become effective, and dealings in the Placing Shares will commence, at 8.00 a.m. on 14 June 2011.
Capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the Circular unless the context otherwise requires.
Enquiries
LXB Manager LLP Tel: 020 7432 7900
Tim Walton, CEO
Brendan O'Grady, FD
J.P. Morgan Cazenove (NOMAD, Joint Broker and Joint Bookrunner) Tel: 020 7588 2828
Robert Fowlds / Bronson Albery / Barry Meyers
Oriel Securities (Joint Broker and Joint Bookrunner) Tel: 020 7710 7600
Mark Young / Joe Winkley / Neil Langford
Buchanan Communications Tel: 020 7466 5000
Charles Ryland / Nicola Cronk