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24 Mar 2010 10:27
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FOR IMMEDIATE RELEASE |
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24 MARCH 2010 |
Savills plc
Completion of Proposed Acquisition of Member Interests in Cordea Savills LLP
Further to its announcement on 5 March 2010, Savills plc (the "Company"), announces that at the General Meeting of the Company held earlier today at 20 Grosvenor Hill, Berkeley Square, London W1K 3HQ, the ordinary resolution (the "Resolution") to approve the proposed acquisition by Savills Investments Limited of B Member Interests in Cordea Savills LLP (the "Proposed Transaction"), was passed.
As the passing of the Resolution was the only condition to completion of the acquisition agreement dated 5 March 2010 (the "Acquisition Agreement") in respect of the Proposed Transaction (further details of which were set out in the Company's announcement of 5 March 2010 and the Company's circular to shareholders of the same date), completion of the Acquisition Agreement occurred shortly thereafter.
A summary of the proxies cast in respect of the Resolution is set out below. The issued share capital of the Company as at today's date is 131,845,091 ordinary shares of 2.5 pence each and the number of votes per share is one.
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FOR* |
AGAINST |
WITHHELD |
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Resolution |
No. of votes |
No. of cards |
% of vote |
No. of votes |
No. of cards |
% of vote |
No. of votes |
No. of cards |
% of vote |
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To approve the acquisition of B Member Interests in Cordea Savills LLP |
89,255,360 |
338 |
99.73 |
23,236 |
9 |
0.03% |
220,554 |
11 |
0.24 |
\* The For Vote includes those votes that were cast as Discretionary Votes.
The proxy voting figures will also be displayed shortly on the Company's website: www.savills.com.
In accordance with the UK Listing Authority rules, a copy of the Resolution will shortly be available for inspection during normal business hours on any weekday (public holidays excepted) at the Financial Services Authority's Document Viewing Facility, which is situated at: The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS.
Ends
For further information, please contact:
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Savills |
+44 (0)20 7353 4200 |
Jeremy Helsby, Group Chief Executive
Simon Shaw, Group Chief Financial Officer
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Cordea Savills |
+44 (0)20 7877 4700 |
John Partridge, Chairman
Justin O'Connor, CEO
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UBS |
+44 (0)20 7567 8000 |
Adrian Haxby
Neil Patel
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Lazard & Co., Limited |
+44 (0)20 7187 2000 |
William Rucker
Nicholas Millar
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Tulchan Communications (for Savills) |
+44 (0)20 7353 4200 |
John Sunnucks
Peter Hewer
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Citigate Dewe Rogerson (for Cordea Savills) |
+44 (0)20 7638 9571 |
Patrick Evans
Steven Sheppard
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