EGM Statement

RNS Number : 2054I

De La Rue PLC

14 November 2008

 



De La Rue plc

14 November 2008

De La Rue plc ('De La Rue' or the 'Company')

RETURN OF CASH - RESULT OF EXTRAORDINARY GENERAL MEETING ('EGM')

De La Rue is pleased to announce that at the Company's EGM held earlier today, shareholders duly approved the Resolution relating to the Return of Cash of £459.8 million. 

The voting of those Shareholders who cast votes either in person or by proxy at the EGM was as follows:

	Total votes	Votes for the Resolution		Votes against the Resolution		Votes withheld
		No. of votes	% of total votes	No. of votes	% of total votes
Totals in person and by proxy	91,384,984	91,320,786	99.93	64,198	0.07	155,447

The poll results in respect of the Resolution will also be displayed on the Company's website: www.delarue.com.

The expected timetable for the Return of Cash is as previously outlined in the circular to shareholders dated 21 October 2008 (the 'Circular').  Details are set out below:

Record date for issue of B Shares and Share Reorganisation	5.00 p.m. on 14 November 2008
Commencement of dealings in the New Ordinary Shares and the B Shares	8.00 a.m. on 17 November 2008
Latest time for receipt of Election Forms for the B Share Alternatives	1.00 p.m. on 21 November 2008
Single B Share Dividend declared and JPMorgan Cazenove makes Purchase Offer	25 November 2008
Cheques dispatched and CREST accounts credited	28 November 2008

It should be noted that the nominal value of each New Ordinary Share following the Return of Cash will be 44152/175 pence and not 463/7 pence, as previously stated in the Circular. In connection with the Return of Cash, De La Rue also announces that application has been made to the UK Listing Authority and the LSE for 150,774,752 non-cumulative preference shares of 1 penny each (the 'B Shares') to be admitted to the Official List and to trading on the LSE. Following the completion of the Share Reorganisation Shareholders will receive 25 New Ordinary Shares for every 39 issued Existing Ordinary Shares. This will result in the Official List being amended to show 96,650,482 New Ordinary Shares of 44152/175 pence being listed and a further 343,710 New Ordinary Shares will cover existing block listings under various share option plans.

Two copies of the Resolution passed at the EGM have been submitted to the UK Listing Authority and will be available for inspection by the public at the UK Listing Authority's Document Viewing Facility which is situated at: Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS (tel. [phone]) during normal business hours on any weekday (except public holidays). 

Definitions used in the Circular apply in this announcement. 

Enquiries:

De La Rue [phone]

Leo Quinn, Chief Executive

Stephen King, Finance Director

Gary Williams, Head of Corporate Affairs

Financial Dynamics [phone]

Richard Mountain

Rothschild [phone]  

Crispin Wright

Stuart Vincent

JPMorgan Cazenove [phone]

Michael Wentworth Stanley

Dermot McKechnie 

JPMorgan Cazenove Limited is authorised and regulated in the United Kingdom for the conduct of investment business by the Financial Services Authority and is acting exclusively for De La Rue and no-one else in connection with the Return of Cash and will not be responsible to anyone other than De La Rue for providing the protections afforded to clients of JPMorgan Cazenove Limited, or for providing advice in relation to the Return of Cash.

NM Rothschild & Sons Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for De La Rue and no one else in connection with the matters referred to in this announcement and will not be responsible to any person other than De La Rue for providing the protections afforded to clients of NM Rothschild & Sons Limited, or for providing advice in relation to the Return of Cash.

 

END

 

 

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