21 Oct 2016 14:19
21 October 2016
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Management Consulting Group PLC (the "Company" or "MCG")
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Result of General Meeting
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At the General Meeting of the Company held today at the offices of Baker & McKenzie LLP, 100 New Bridge Street, London EC4V 6JA at 11:00 am, all resolutions were passed on a show of hands.
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The following is a summary of the Forms of Proxy received up to 48 hours before the time of the General Meeting by the Registrars, appointing the Chairman of the General Meeting as proxy:
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Votes For* | Votes Against | Votes Withheld** | |
Resolution 1: Â To approve the Disposal of the Target Business (as described in the circular to the shareholders dated 4 October 2016 (the "Circular")) Â | Â 351,240,729 | Â 2,500 | Â 51,500 |
Resolution 2 (Special Resolution): Â To reduce the Share Premium Account and cancel the Deferred Shares (as described in the Circular) Â | Â 351,240,896 | Â 2,333 | Â 51,500 |
Resolution 3: Â To authorise the payment of the Transaction Incentive Bonuses (as described in the Circular) Â | Â 326,783,196 | Â 20,723,918 | Â 2,666,893 |
Resolution 4: Â To approve certain amendments to the Restricted Share Plans (as described in the Circular) Â | Â 350,944,266 | Â 282,194 | Â 68,269 |
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The total issued ordinary share capital at 21 October 2016 was 508,512,799 shares.
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The total proportion of the issued ordinary share capital represented by proxy was 69.08%.
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* Includes those votes giving the Chairman discretion.
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** A 'Vote Withheld' is not a vote in law and is not counted towards the votes cast 'for' and 'against' a resolution.
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The full text of the resolutions can be found in the Circular, which is available for inspection at the National Storage Mechanism at www.morningstar.co.uk/uk/NSM. A copy of the resolutions will shortly be submitted to the National Storage Mechanism for inspection at www.morningstar.co.uk/uk/NSM.
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Enquiries:
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For further information please contact:
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MCG | Tel: +44 20 7710 5000 |
Nick Stagg, Chief Executive | |
Chris Povey, Group Finance Director | |
FTI Consulting | Tel: +44 20 3727 1000 |
Ben Atwell |
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