Result of EGM

RNS Number : 9628R

Man Group plc

01 September 2010

 



1 September 2010

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 SUCH JURISDICTION

MAN GROUP PLC

Recommended acquisition of GLG Partners, Inc. - Results of general meeting

Man Group plc ("Man") announces that the resolution proposed at the Man General Meeting held earlier today to approve the recommended acquisition of GLG Partners, Inc. ("GLG") was duly passed.

The voting on the resolution was carried on a poll and the results were as follows:

Number of votes: For: 974,501,962(91.34%)  Against: 92,447,361 (8.66%)  Withheld: 14,915,808.

Completion of the Acquisition remains conditional upon GLG Stockholder Approval, various regulatory approvals (including by the UK Financial Services Authority) and the other conditions referred to in the announcements of 17 May 2010 and 29 June 2010. 

GLG's amended preliminary Proxy Statement and the amended Schedule 13E-3 are in the process of being reviewed by the SEC, and the Proxy Statement will be posted to GLG Stockholders once the SEC review process is completed.  It is anticipated that the GLG Stockholders Meeting will be held in early October 2010, and that the Acquisition will close shortly thereafter.

Terms defined in the Circular have the same meanings when used in this announcement.

A copy of the resolution passed at the Man Shareholder Meeting has been submitted to the National Storage Mechanism (formerly the Document Viewing Facility at the Financial Services Authority) and will shortly be available for inspection at http://www.hemscott.com/nsm.do.      

Enquiries:

Man Group plc
Miriam McKay, Head of Investor Relations	Tel: [phone]
Rob Clow, Senior Communications Officer
Maitland (PR adviser to Man)
George Trefgarne	Tel: [phone]
Perella Weinberg Partners (financial adviser to Man)
Philip Yates	Tel: [phone]
Graham Davidson
Toby Rolls
Merrill Lynch International (financial adviser, sponsor and corporate broker to Man)
Simon Fraser	Tel: [phone]
Matthew Watkins

Perella Weinberg Partners, which is authorised and regulated in the United Kingdom by the FSA, is acting as financial adviser to Man and no-one else in connection with the matters set out in this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on Perella Weinberg Partners by FSMA or the regulatory regimes established thereunder, Perella Weinberg Partners accepts no responsibility to any person other than Man for providing the protections afforded to clients of Perella Weinberg Partners, nor for providing advice in relation to any matter referred to herein.

Merrill Lynch International, which is authorised and regulated in the United Kingdom by the FSA, is acting as financial adviser and sponsor to Man and no-one else in connection with the matters set out in this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on Merrill Lynch International by FSMA or the regulatory regimes established thereunder, Merrill Lynch International accepts no responsibility to any person other than Man for providing the protections afforded to customers of Merrill Lynch International nor for providing advice in relation to any matter referred to herein.

This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. Shareholders of Man and stockholders of GLG are advised to read carefully the formal documentation in relation to the Acquisition.

The New Man Shares to be issued in connection with the Acquisition to certain holders of GLG Common Stock may not be offered, sold, or, delivered, directly or indirectly, in, into or from the United States absent registration under the US Securities Act or an applicable exemption from registration. On 27 August 2010, Man filed an amended Schedule 13E-3 pursuant to the US Securities Exchange Act of 1934 with the SEC, which incorporates by reference certain information contained in the amended preliminary GLG Proxy Statement which was filed with the SEC by GLG on the same day.  The amended Schedule 13E-3 and the amended preliminary GLG Proxy Statement and other documents filed with the SEC are available free of charge at the SEC's website, www.sec.gov.

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purposes of complying with English law and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of England.

 

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