Result of General Meeting

RNS Number : 6940B

ITE Group PLC

24 September 2018

 

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24 September 2018

ITE Group plc

("ITE" or the "Group")

Result of General Meeting

ITE Group plc announces that at today's general meeting, the resolution regarding the proposed disposal of ITE Expo LLC ("ITE EXPO"), as set out in the notice of general meeting contained in the shareholder circular published on 5 September 2018, was passed on a show of hands as an ordinary resolution.

The proxy voting figures for the Resolution are set out below:

Resolution	For		Against		Votes Withheld
	Votes	%	Votes	%
1.   To approve the proposed disposal of ITE Expo	528,148,162	81.5	119,947,558	18.5	21,329,275

Note:           1. Percentages are expressed as a proportion of the total votes cast.

2. A vote withheld is not a vote in law and is not included in the calculation of the votes "For" or "Against" the Resolutions.

3. Any proxy appointments which gave discretion to the Chairman have been included in the "For" total.

The Company's issued share capital at 24 September 2018 was 741,618,456 ordinary shares. Proxy appointments appointing the Chairman of the meeting were received from shareholders of 669,425,357 shares in respect of the Resolution representing 90.3% of the issued share capital. The proxy voting information will shortly be available on the Company's website at http://www.ite-exhibitions.com/investor-relations.

A further announcement confirming completion of the disposal will be published in due course, following the completion of certain legal formalities in relation to the disposal.

For further information please contact:

ITE	[phone]
Melissa McVeigh, Director of Communications
Numis Securities Limited	[phone]
Nick Westlake / Toby Adcock / Hugo Rubinstein
FTI Consulting	[phone]
Charles Palmer / Harry Staight

About ITE Group plc

ITE Group plc was founded in 1991 and is now one of the world's leading organisers of international exhibitions and conferences.

ITE Group's strategic vision is to create the world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers. In May 2017 the Group launched its Transformation & Growth (TAG) programme, which is designed to transform the Company from a geographic-led business to a product-led business that focuses on market-leading events, wherever they are in the world. ITE strives to run the best shows and offer the best service to its customers throughout the world regardless of location. By putting exhibitors and visitors at the heart of everything we do, we plan to drive sustainable growth for our shareholders.

ITE Group plc is a public limited company and has been listed on the main market of the London Stock Exchange since 1998.

Disclaimer:

This announcement contains forward-looking statements relating to the business, financial performance and results of ITE and the industry in which ITE operates. These statements may be identified by words such as "expect", "believe", "estimate", "plan", "target", or "forecast" and similar expressions, or by their context. These statements are made on the basis of current knowledge and assumptions and involve risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements and neither ITE nor any other person accepts any responsibility for the accuracy of the opinions expressed in this presentation or the underlying assumptions. No obligation is assumed to update any forward-looking statements.

Numis Securities Limited ("Numis"), which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting solely for ITE in relation to the Transaction and nobody else as a client in relation to the Transaction and will not be responsible to anyone other than ITE for providing the protections afforded to the clients of Numis or for providing advice in relation to the Transaction.

 

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