Result of Meeting

RNS Number : 6024D

Stobart Group Limited

31 March 2014

 



31 March 2014

Stobart Group Limited

('Stobart' or 'the Company')

Result of General Meeting

Stobart, the Infrastructure and Support Services group, announces that at its General Meeting held at 12.00 p.m. today, each of the resolutions submitted to the meeting (as set out in the Notice of Meeting dated 11 March 2014) was proposed and passed by the appropriate majority.

The proxy votes received were as follows:

	Votes in favour	Votes at Chairman's discretion	Votes against	Votes withheld	% in favour incl. Chairman's discretion but excl. withheld votes
Resolution 1 - An ordinary resolution to approve the proposed partial realisation of the Stobart Group's Transport and Distribution Division ("Disposal")	272,193,111	224,893	9,903,979	462,740	96.49%
Resolution 2 - A special resolution to authorise the Company to buy back up to 35.4 million Ordinary Shares	282,092,349	243,528	397,253	51,593	99.86%

Completion of the Disposal is expected to take place within ten business days.  A further announcement will be made to confirm that completion has occurred.

A copy of all the resolutions passed, other than those concerning ordinary business, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.Hemscott.com/nsm.do.

ENQUIRIES:

Stobart Group	[phone]
Andrew Tinkler, Chief Executive Officer Ben Whawell, Chief Financial Officer
Lansons
Tony Langham ([e-mail])	[phone] / [phone]
Anna Schirmer ([e-mail])	[phone]
Influence Associates	[phone]
Stuart Dyble/James Andrew

 

END

 

 

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