Result of EGM

RNS Number : 7370J

Paddy Power plc

21 December 2015

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE                                                                     21 December 2015

Paddy Power plc

Result of Extraordinary General Meeting

All of the ordinary and special resolutions set out in the Notice of the Extraordinary General Meeting of Paddy Power plc (the "Company") were passed at today's Extraordinary General Meeting.  The full text of each resolution was set out in the Notice of the Extraordinary General Meeting, which was included in the circular sent to shareholders on 27 November 2015 (the "Circular") and is available to download on the Company's website http://www.paddypowerplc.com/investors/egm-information.

Details of the numbers of shares in respect of which valid proxy appointments were made in advance of the meeting are available on the Company's website at http://www.paddypowerplc.com/investors/egm-information.

As required by Listing Rule 6.6.2 of the Irish Stock Exchange and Listing Rule 9.6.2 of the UK Listing Authority, copies of all resolutions other than resolutions concerning ordinary business have been forwarded to the Irish Stock Exchange and the UK's National Storage Mechanism where they may be obtained.

As set out in the Circular, the Special Dividend, Paddy Power Closing Dividend and Paddy Power 2015 Dividend will be paid to Paddy Power Shareholders on the register of members of Paddy Power at 6.00 p.m. on the Business Day prior to Completion. The dividend payments will be paid to Paddy Power Shareholders shortly following Completion.  Further details in relation to the amount and timing of such dividend payments will be announced prior to Completion.  Paddy Power Shareholders should be aware that they will not be entitled to the dividend payments if they sell their Paddy Power Shares before the Merger becomes Effective.

Completion of the Merger remains subject to the satisfaction or (if capable of waiver) waiver of the remaining Conditions, including the sanction of the Scheme by the Court and CCPC approval as set out in Part III (Conditions to and certain further terms of the Scheme and to the Merger) of the Scheme Document.

As previously announced, the Company expects the Merger complete during the first quarter of 2016.

Unless otherwise defined, all capitalised terms in this Announcement have the same meaning as those contained in the Circular. All references in this Announcement to times are to times in Dublin (unless otherwise stated).

Enquiries:

Edward Traynor

Company Secretary

Tel. [phone]

21 December 2015

 

END

 

 

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