Result of General Meeting

RNS Number : 0184A

IMI PLC

13 February 2014

 



13 February 2014

IMI plc announces the results of the general meeting held on 13 February 2014 relating to its proposed return of £620 million to Shareholders and Share Capital Consolidation

IMI plc ("IMI" or the "Company") announces that all of the resolutions proposed at the general meeting of the Company held on 13 February 2014 relating to its proposed return of £620 million to Shareholders and Share Capital Consolidation were passed by the requisite majorities and the results of the poll are as set out below:

	FOR		AGAINST		TOTAL		WITHHELD2
Resolutions	Number  of Votes	% Votes1	Number  of Votes	% Votes1	Number of Votes	% of Issued Share Capital Voted1,2,3	Number of Votes
1.  Approve New Articles of Association	215,815,254	99.96	89,851	0.04	215,905,105	69.61	929,366
2.  Approve capitalisation of reserves, grant directors authority to allot B Shares and C Shares, approve subdivision and consolidation of Existing Ordinary Shares, grant directors authority to transfer Deferred Shares and approve terms of the Option Agreement	215,841,624	99.95	99,191	0.05	215,940,815	69.63	893,790
3.  Authority to allot shares	207,887,973	95.93	8,817,856	4.07	216,705,829	69.87	128,642
4.  Authority to allot equity securities for cash	214,845,449	99.93	151,996	0.07	214,997,445	69.32	1,837,026
5. Authority to purchase own shares	208,695,668	96.31	7,987,338	3.69	216,683,006	69.86	151,465

Notes:

1.    The percentages are rounded to two decimal places.

2.    A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a resolution.

3.    The number of ordinary shares in issue (excluding treasury shares) at 6.00 pm on 12 February 2014 was 310,147,744.

A record of the results of the resolutions passed at the general meeting will also be available on the Company's website at www.imiplc.com. 

A copy of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.hemscott.com/nsm.do.

Terms used in this announcement but which are otherwise undefined shall have the same meanings as set out in the circular published by the Company on 21 January 2014 in relation to the Return of Cash.

Enquiries to:

Will Shaw                                IMI                                                        Tel:      [phone]

Suzanne Bartch                      StockWell Communications               Tel:      [phone]

Robert Morgan

Edmund Byers                        J.P. Morgan Cazenove                       Tel:      [phone]

James Thomlinson

Andrew Seaton                       Citi                                                       Tel:      [phone]

Christopher Wren

Ends

 

END

 

 

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