Results of Elections

RNS Number : 4388M

Melrose PLC

16 August 2011

 



16 August 2011

Melrose PLC

Return of Capital - Results of Elections

Following the approval by Shareholders of the Return of Capital and certain related matters at the general meeting on 8 August 2011, Melrose wishes to provide an update in respect of the results of the elections in relation to the C Share Alternatives.

The Return of Capital provided Shareholders with three alternatives in relation to their C Shares. The results of the elections are:

·      Alternative 1 (Initial Redemption) - in respect of 461,862,929 C Shares (92.8% of the issued C Shares);

·      Alternative 2 (Single C Share Dividend) - in respect of 34,331,656 C Shares (6.9% of the issued C Shares); and

·      Alternative 3 (Final Redemption) - in respect of 1,392,194 C Shares (0.3% of the issued C Shares).

Accordingly, all C Shares in respect of which Initial Redemption elections, or deemed elections, have been received (being 461,862,929 C Shares) will be redeemed by Melrose today. The Single C Share Dividend has today become payable and all C Shares in respect of which Single C Share Dividend elections have been received (being 34,331,656 C Shares) will be automatically converted into C Deferred Shares today.

Melrose expects settlement of the Initial Redemption and the Single C Share Dividend and cheques to be despatched or CREST accounts to be credited (as appropriate) on 19 August 2011.

Further details of the Return of Capital are contained in the circular to shareholders dated 22 July 2011 (the "Circular"). Capitalised terms used in this announcement shall have the same meaning ascribed to them in the Circular.

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Enquiries: M:Communications
Nick Miles/Ann-marie Wilkinson/Andrew Benbow	[phone]

 

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