Result of EGM
Hansom Group PLC
21 December 2000
The Hansom Group PLC ('the Company')
Result of Extraordinary General Meeting ('EGM')
The Company announces that at its EGM held today the resolutions to approve,
inter alia, the acquisition of the issued share capital of First Property
Online Limited ('fprop') and the waiver by the Panel of Takeovers and Mergers
of the requirement under Rule 9 of the City Code for each of Mr. Benyamin
Naeem Habib and/or Mr. John Charles Kottler and/or Lord Pearson of Rannoch and
his associated trusts and/or the Enlarged Concert Group (as defined in the AIM
admission document dated 28 November 2000) to make a general offer to
shareholders of the Company were duly passed.
Following Admission, the shareholdings of the fprop Concert Group, the Initial
Partners Concert Group and the Enlarged Concert Group (all as defined in the
AIM admission document dated 28 November 2000) will be as follows:
(i) The fprop Concert Group New Ordinary Shares Percentage holdings
Mr. B.N. Habib 12,486,783 14.69
Mr. J.C. Kottler 12,486,783 14.69
Lord Pearson of Rannoch 2,774,841 3.27
and associated trusts
Total 27,748,407 32.65
(ii) The Initial Partners Concert Group
FPDSavills 6,403,481 7.54
CLS 1,707,594 2.01
Delancey 1,707,594 2.01
Donaldsons 1,707,594 2.01
Fletcher King 1,707,594 2.01
Moorfield 1,707,594 2.01
Total 14,941,451 17.59
(iii) The Enlarged Concert Group 42,689,858 50.24
Completion of the acquisition of fprop has taken place today and will become
effective on Admission, which is expected to occur on 22 December 2000. The
Company will continue to be quoted on AIM under the name of Hansom Group for a
short period of time until the Company obtains its change of name certificate;
shareholders having approved at the EGM the change of the Company's name to
First Property Online plc.
BOARD CHANGES
As a result of shareholders approving the acquisition of fprop, John Warwick
and Adrian Palmer have resigned from the Board and, subject to Admission, Ben
Habib and Jeremy Phillips have today been appointed to the Board as Chief
Executive and Finance Director respectively.
UPDATE ON FPROP
Since the publication of the AIM admission document, fprop has seen a
significant increase in the number of hits it has received on its web site -
www.fprop.com. In addition, from today, FPDSavills has started to list
properties on the web site which is expected to increase further the numbers
accessing the site.
At the conclusion of the EGM, Alasdair Locke, the Chairman of Hansom said 'I
am very pleased that shareholders have approved the acquisition of fprop.
fprop's online transaction service and its marketing agreements with the
Initial Partners are expected to be instrumental in increasing the profile and
content of fprop's web site and, I believe, will enhance fprop's significant
growth potential. I am encouraged by the growing acceptance of fprop.com in
the market place and I am confident that its use will increase substantially
over the coming months. I am also happy to report that we are receiving
significant interest from other potential industry partners.'
ENQUIRIES
Alasdair Locke The Hansom Group PLC 01224 299 600
Ben Habib First Property Online plc 020 7828 2080
Jeremy Carey/Peter Willetts Tavistock Communications 020 7600 2288