Last checked at 23 Nov 2020 14:35
23 November 2020
The Rank Group Plc (the "Company")
Result of General Meeting and Total Voting Rights
Result of General Meeting
The Company is pleased to announce that the resolutions in connection with the proposed issue of Ordinary Shares and the connected related party transaction were passed by Shareholders at a general meeting held today at 11:30am. Further details of the resolutions are set out in the Circular to Shareholders published on 6 November 2020.
All references in this announcement to times are to London time unless otherwise stated.
The proxy results were as follows:
Ordinary resolution | For | % | Against | % | Total No of Votes Cast | % of shares on register on 21 Nov 20 | Votes withheld |
Votes of shareholders excluding controlling shareholder | |||||||
To approve the allotment and issue of New Ordinary Shares to the related parties as described in the Circular published on 6 November 2020 | 145,422,818 | 99.92% | 111,419 | 0.08% | 145,534,237 | 84.94% | 17,581* |
Votes of all shareholders | |||||||
To authorise the directors to allot New Ordinary Shares as described in the Circular published on 6 November 2020 | 364,777,024 | 99.97% | 108,236 | 0.03% | 364,885,260 | 93.40% | 16,779 |
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Special resolution | For | % | Against | % | Total No of Votes Cast | % of shares on register on 21 Nov 20 | Votes withheld |
Votes of all shareholders | |||||||
To authorise the disapplication of pre-emption rights on the allotment of New Ordinary Shares as described in the Circular published on 6 November 2020 | 364,771,823 | 99.97% | 111,730 | 0.03% | 364,883,553 | 93.40% | 18,486 |
*Excludes 230,001 ordinary shares cast as withheld in relation to this resolution that are connected to the related parties that are ineligible to vote on such resolution.
Notes:
i. Where Shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolution and their shares have been included within the votes 'FOR' column.
ii. A vote 'WITHHELD' is not a vote in law and therefore is excluded from the calculation of the proportion of the votes for or against a resolution.
iii. Prior to the meeting there were 390,683,521 ordinary shares of 13 8/9 pence each in issue. Total ordinary shares held by shareholders excluding controlling shareholder were 171,333,300.
In accordance with the Company's obligations under Listing Rule 9.6.2, copies of the resolutions have been submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Total Voting Rights
The Company has applied for admission of the New Ordinary Shares to the premium listing segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities of London Stock Exchange plc ("Admission"). It is expected that Admission will take place on 8.00 a.m. tomorrow.
Following Admission, the Company will have a total of 468,429,541 Ordinary Shares in issue. The total number of voting rights in the Company is therefore 468,429,541. With effect from Admission, this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
Capitalised terms not otherwise defined in this announcement shall have the meaning given to them in the Circular.
The Rank Group Plc Sarah Powell, director of investor relations (investor enquiries) David Williams, director of public affairs (media enquiries)
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FTI Consulting LLP Ed Bridges Alex Beagley |
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