Results of General Meeting

RNS Number : 1340I

LMS Capital PLC

27 May 2014

 



27 May 2014

LMS Capital plc ("LMS Capital" or the "Company")
Results of General Meeting

The Company announces that, at the general meeting held earlier today: (i) the resolution proposed in relation to the authorisation of the Company to make one or more market purchases of ordinary shares in connection with the proposed tender offer for ordinary shares (the "Repurchase Resolution") was passed as a special resolution; and (ii) the resolution proposed in relation to the approval of the arrangement to be entered into between the Company and the trustees of the Lord Rayne Will Trust (as set out in the circular sent to shareholders on 9 May 2014) in connection with the tender offer for ordinary shares (the "Related Party Resolution") was passed as an ordinary resolution (together, the "Resolutions").

The voting figures for the Resolutions were as follows:

Resolution	For / discretionary* (number / %)*	Against (number / %)*	Votes withheld** (number)	Total votes cast
				Number	% of issued share capital represented by the votes cast
1. Repurchase Resolution	93,311,164 (100.00%)	3,044 (0.00%)	0	93,314,208	49.81%
2. Related Party Resolution***	67,179,546 (99.99%)	3,705 (0.01%)	4,009	67,183,251	35.86%

* Percentages are expressed as a proportion of the total votes cast.
** A vote withheld is not a vote in law and is not counted in the calculation of the votes "for" or "against" the Resolutions, nor in the calculation of the total votes cast.

*** The Related Party (as defined in the circular sent to shareholders on 9 May 2014) and its associates were not permitted to vote on this resolution.

The results of the general meeting (including this information) will shortly be available on the Company's website at www.lmscapital.com.

In accordance with the UK Financial Conduct Authority's Listing Rules, a copy of the Resolutions will shortly be submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/NSM.

For further information please contact:

LMS Capital plc                                                          0207 935 3555
Nick Friedlos, Executive Director
Tony Sweet, Chief Financial Officer

MHP Communications                                                0203 128 8100
Tim McCall
Katie Hunt

About LMS Capital

LMS Capital is an investment company which, following a general meeting on 30 November 2011, is undertaking a realisation strategy with the aim of achieving a balance between an efficient return of cash to shareholders and optimising the value of the Company's investments. Its investment portfolio consists of small to medium sized companies across a range of sectors.

www.lmscapital.com 

 

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