Results of Court Meeting and General Meeting

RNS Number : 2720Q

Melrose PLC

05 November 2012

5 November 2012

MELROSE PLC

RESULTS OF THE COURT MEETING AND THE GENERAL MEETING

On 12 October 2012, Melrose PLC ("Melrose") announced proposals to introduce, by means of a scheme of arrangement under Part 26 of the Companies Act 2006, a new listed holding company for the Melrose group of companies (the "Scheme"). A circular (the "Circular") was posted to shareholders on 12 October 2012 containing, amongst other things, the terms of the Scheme, notices convening the requisite Court Meeting and General Meeting and the details of the action to be taken by shareholders.

Melrose announces that the Scheme was approved by the requisite majority at the Court Meeting held earlier today and that all resolutions regarding the proposed corporate reorganisation of which the Scheme forms part were passed at today's Melrose General Meeting.

Completion of the proposed reorganisation remains subject to the conditions set out in the Circular, including the sanction of the Scheme by the Court, the hearing in respect of which is expected to take place on 26 November 2012.

The expected timetable of remaining key events is provided below:

	2012
Court Hearing	26 November
Last day for dealings in Old Melrose Ordinary Shares	26 November
Scheme Record Date	26 November
Scheme Record Time	6:00 p.m. on 26 November
Effective Date of the Scheme	27 November
Delisting of Old Melrose Ordinary Shares, Admission of New Melrose Ordinary Shares, crediting of New Melrose Ordinary Shares to CREST accounts and dealings in New Melrose Ordinary Shares commence on the London Stock Exchange's main market for listed securities	8.00 a.m. on 27 November
Court Hearing of the claim form to confirm the New Melrose Reduction of Capital	28 November
New Melrose Reduction of Capital becomes effective	29 November

All references in this document to times are to London time unless otherwise stated

Copies of the resolutions have been submitted to the National Storage Mechanism in accordance with rule 9.6.2 of the UK Listing Rules and will be available for inspection at www.morningstar.co.uk/uk/nsm.

Details of the proxy votes received will shortly be available on the Melrose website.

Terms used in this announcement shall have the same meaning as set out in the Circular.

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