Result of EGM

RNS Number : 3334Q

UK Coal PLC

05 November 2012

 



5 November 2012

UK COAL PLC

Result of General Meeting

On 18 October 2012, UK Coal plc ("UK Coal") announced (i) the Proposed Transfer of UK Coal's listing category from "premium listing (commercial company)" on the Official List to "standard listing (shares)" on the Official List as a key step to implementing the proposed Restructuring of UK Coal and (ii) the proposed change of name to Coalfield Resources plc, in each case subject to Shareholder approval and, in the case of the proposed change of name, also subject to the Directors having confirmed that the Restructuring has been implemented. Accordingly, a circular was sent to Shareholders on 18 October 2012 giving notice of a General Meeting to consider and approve the Resolutions (the "Circular").

The Company is pleased to announce that the Resolutions were duly passed at the General Meeting held earlier this morning.  The Proposed Transfer is expected to be effective on 4 December 2012 and the name of the Company will be changed following the implementation of the Restructuring.  A summary of the proxy voting is set out below for each resolution.

Transfer to Standard Listing

	Number of Shares	% of Vote	% of Issued Share Capital
For:	156,724,432	99.77	52.4
Against:	147,003	0.09	0.05
Discretionary:	216,335	0.14	0.07
Total Votes Cast:	158,087,770		52.53
Withheld:	2,185,643	1.37	0.73

Change of name

	Number of Shares	% of Vote	% of Issued Share Capital
For:	158,849,360	99.75	53.11
Against:	208,968	0.13	0.07
Discretionary:	193,003	0.12	0.06
Total Votes Cast:	159,251,331		53.25
Withheld:	22,082	0.01	0.01

Terms defined in this announcement shall have the meaning ascribed to them in the Circular unless otherwise stated.

-END-

Enquiries:

Analysts and investors
Jonson Cox	Chairman, UK Coal	Tel: [phone]
David Brocksom	Group Finance Director, UK Coal	Tel: [phone]
Media
Anthony Cardew / Alexandra Stoneham	Cardew Group	Tel: [phone]
Andrew Mackintosh	Director of Communications, UK Coal	Tel: [phone]

Notes to Editors

UK Coal is a mining, property and power company employing c2,500 people with its headquarters at Harworth Park, Harworth, near Doncaster, South Yorkshire.

Britain's biggest producer of coal, UK Coal operates three deep mines in the Midlands and Yorkshire, and surface mines in the North East, the North West and the Midlands.  Over 90% of the total annual output is sold to generate around 5% of Britain's electricity requirements.

Harworth Estates, the property division of UK Coal, is one of the largest landowners in the UK.  With access to over 30,000 acres of land, Harworth Estates create and develop new opportunities across all sectors of the UK property market.

Harworth Estates is committed to environmental best practice, creating new sustainable communities, thousands of new homes and new business space across Yorkshire, the Midlands and the North. 

For more information, please go to:  www.ukcoal.com

 

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