Result of General Meeting

RNS Number : 8488M

Nexus Infrastructure PLC

16 January 2023

 

16 January 2023

Nexus Infrastructure plc

("Nexus" or the "Company" or the "Group")

Result of General Meeting

Nexus Infrastructure plc ("Nexus") is pleased to announce that at the general meeting of the Company held today, the resolution was duly passed by shareholders. Accordingly, the conditional disposal of TriConnex and eSmart Networks to FWCP Spark (UK) Holdco Limited (the "Purchaser") for a total cash consideration of £77.7m, has been approved by Nexus shareholders. The disposal is expected to complete on 3 February 2023 ("Completion").

Capital return

As previously announced, Nexus intends to return approximately £65m to shareholders by way of a tender offer, which will be subject to approval by Nexus shareholders.  A circular containing details of the tender offer as well as a notice convening a general meeting of shareholders is expected to be published shortly after Completion of the Disposal.

General Meeting voting result for the resolution

Resolution	Votes for		Votes against		Votes withheld	Total proxy votes
	No. of votes	% of votes cast*	No. of votes	% of votes cast*	No. of votes
1	28,740,659	83.34	5,539,964	16.6	6,218	34,280,623

* Excludes withheld votes

Enquiries:

Nexus Infrastructure plc Richard Kilner - Chairman Mike Morris - CEO Alan Martin - CFO	Tel: [phone]
Numis Securities Limited (Financial Adviser, Nominated Adviser & Broker) Oliver Hardy (Nomad) Heraclis Economides Hannah Boros	Tel: [phone]
Camarco (Financial Public Relations) Ginny Pulbrook Rosie Driscoll	Tel: [phone] / 4981

 

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