Last checked at 7 Jun 2012 14:50
7 June 2012
Not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.
OMEGA INSURANCE HOLDINGS LIMITED
('Omega' or the 'Company')
Result of Special General Meeting
Omega is pleased to announce that, at a Special General Meeting of the Company held earlier today, the resolution to approve the Amalgamation Agreement in relation to the acquisition by Canopius Group Limited of the entire issued and to be issued share capital of Omega, as set out in the meeting notice and Circular to shareholders published on 14 May 2012, was duly passed with the requisite majority.
In accordance with Listing Rule 9.6.2, full details of the resolution passed will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott/nsm.do.
The total number of votes cast for the resolution is set out below. The number of common shares in issue and the number of voting rights on 7 June 2012 was 244,229,862.
Number of Omega Shares voted | Percentage of Omega Shares voted | Number of Omega Shares voted as a percentage of issued share capital of Omega | |
For | 168,598,181 | 90.28% | 69.03% |
Against | 18,158,445 | 9.72% | 7.43% |
Total | 186,756,626 | 100.00% | 76.46% |
The Acquisition remains subject to further conditions including, amongst other items, regulatory approvals as outlined in the Circular.
It is expected that the cancellation of the admission to trading of Omega Shares on the London Stock Exchange's main market for listed securities and the admission of Omega Shares to the Official List will take place by no later than 6.00pm on the Acquisition Effective Date. The consideration due to Omega Shareholders will be sent within 10 Business Days after the Acquisition Effective Date.
A further announcement will be made as to the likely timing of the Acquisition Effective Date.
Terms used in this announcement shall have the same meaning as in the Circular unless stated otherwise.
Enquiries:
Omega Tel: +44 (0) 20 7767 3000
John Coldman, Chairman
Richard Pexton, Chief Executive
Kinmont Tel: +44 (0) 20 7087 9100
(Joint financial adviser to Omega)
John O'Malley
Cenkos Tel: +44 (0) 20 7382 7800
(Joint financial adviser to Omega)
Ian Soanes
Haggie Financial Tel: +44 (0) 20 7417 8989
(PR adviser to Omega)
David Haggie
Juliet Tilley