Results of Shareholder Meetings

RNS Number : 0740I

Guinness Peat Group PLC

08 June 2011

 



GUINNESS PEAT GROUP PLC

ANNOUNCEMENT

Results of Shareholder Meetings

Guinness Peat Group plc ("GPG" or the "Company") announces that the results of its two meetings of shareholders held in Auckland, New Zealand on 8 June 2011, were as follows:

1.       Scheme Meeting

At the Scheme Meeting the resolution put to the meeting was duly passed on a poll by the requisite majority. 

The following table shows the votes cast on the resolution:

Total Votes For		Total Votes Against
	%		%
915,129,975	99.68	2,919,524	0.32

2.       Annual General Meeting

At the Annual General Meeting ("AGM") which began immediately upon the conclusion of the Scheme Meeting, all of the resolutions put to the meeting were duly passed on a poll by the requisite majority.

The following table shows the votes cast on each resolution:

Resolution		Total Votes For		Total Votes Against		Total Votes cast as % of Issued Share Capital	Votes Withheld*
			%		%	%
1.	Receipt of Report & Accounts for 2010	907,499,797	99.98	218,081	0.02	49.79	478,113
2.	Approval of Remuneration Report	762,619,717	92.20	64,485,115	7.80	45.37	80,604,027
3.	Re-election of  Blake Nixon	746,039,501	82.53	157,958,236	17.47	49.59	3,780,406
4.	Election of  Mike Allen	900,401,326	99.52	4,381,651	0.48	49.63	2,833,672
5.	Election of  Rob Campbell	898,776,162	99.36	5,764,359	0.64	49.62	3,293,449
6.	Election of Gavin Walker	899,508,200	99.42	5,291,486	0.58	49.63	2,712,119
7.	Re-appointment of Auditor	905,116,054	99.90	885,773	0.10	49.70	1,315,315
8.	Approval of remuneration of Auditor	903,137,725	99.70	2,740,888	0.30	49.69	1,295,380
9.	Authority to allot relevant securities	872,936,332	96.56	31,077,489	3.44	49.59	3,368,185
10.	Authority to offer scrip dividend   alternative	901,925,094	99.58	3,810,710	0.42	49.69	1,282,712
11.	To disapply pre-emption provisions	867,529,537	96.49	31,526,082	3.51	49.32	8,038,127
12.	Authority to market purchase own shares	904,371,107	99.84	1,416,276	0.16	49.69	1,292,572
13.	Authority to call general meetings on 14   clear days' notice	867,526,708	95.77	38,318,015	4.23	49.69	1,219,537
14.	Amendment to Company's articles of   association	899,817,572	99.83	1,574,282	0.17	49.45	5,559,049
15.	Approve Scheme Special Resolution	904,474,955	99.83	1,523,181	0.17	49.70	1,275,383

Notes:

* A "vote withheld" is not a vote in law and is not counted in the calculation of the votes "for" or "against" the resolution.

Copies of the special business resolutions passed at the Annual General Meeting are being submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, via the National Storage Mechanism which is located at http://www.hemscott.com/nsm.do

3.       Next Steps

The Scheme remains subject to a number of conditions including the sanction of the High Court of Justice in England and Wales (the "Court") at the hearings which are expected to take place on 1 July and 4 July 2011. Subject to the satisfaction of the conditions it is expected that the Scheme will become effective on 5 July 2011.

The dates stated above are indicative only and will depend, among other things, on the dates upon which the Court sanctions the Scheme and confirms the reduction of capital, and the date on which the conditions are satisfied or (if capable of waiver) waived.

4.       Total Voting Rights

The total number of the Company's ordinary shares in issue and therefore the total number of voting rights as at the close of business (UK time) on 6 June 2011 was 1,822,937,937.

Enquiry details are:
New Zealand media:	Geoff Senescall on:	[phone]
Australian media:	Andrew Stokes on:	[phone]
UK media:	Kevin Smith on:	[phone]

Chris Healy

Company Secretary

Guinness Peat Group plc

[phone]

8 June 2011

 

END

 

 

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