EGM Statement

RNS Number : 0933J

Savills PLC

24 March 2010

 



FOR IMMEDIATE RELEASE

24 MARCH 2010

Savills plc

Completion of Proposed Acquisition of Member Interests in Cordea Savills LLP

Further to its announcement on 5 March 2010, Savills plc (the "Company"), announces that at the General Meeting of the Company held earlier today at 20 Grosvenor Hill, Berkeley Square, London W1K 3HQ, the ordinary resolution (the "Resolution") to approve the proposed acquisition by Savills Investments Limited of B Member Interests in Cordea Savills LLP (the "Proposed Transaction"), was passed.

As the passing of the Resolution was the only condition to completion of the acquisition agreement dated 5 March 2010 (the "Acquisition Agreement") in respect of the Proposed Transaction (further details of which were set out in the Company's announcement of 5 March 2010 and the Company's circular to shareholders of the same date), completion of the Acquisition Agreement occurred shortly thereafter.

A summary of the proxies cast in respect of the Resolution is set out below. The issued share capital of the Company as at today's date is 131,845,091  ordinary shares of 2.5 pence each and the number of votes per share is one.

	FOR*			AGAINST			WITHHELD
Resolution	No. of votes	No. of cards	% of vote	No. of votes	No. of cards	% of vote	No. of votes	No. of cards	% of vote
To approve the acquisition of B Member Interests in Cordea Savills LLP	89,255,360	338	99.73	23,236	9	0.03%	220,554	11	0.24

*The For Vote includes those votes that were cast as Discretionary Votes.

The proxy voting figures will also be displayed shortly on the Company's website: www.savills.com.

In accordance with the UK Listing Authority rules, a copy of the Resolution will shortly be available for inspection during normal business hours on any weekday (public holidays excepted) at the Financial Services Authority's Document Viewing Facility, which is situated at: The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS.

Ends

For further information, please contact:

Savills

[phone]

Jeremy Helsby, Group Chief Executive                                                                                                                          

Simon Shaw, Group Chief Financial Officer

Cordea Savills

[phone]

John Partridge, Chairman

Justin O'Connor, CEO

UBS

[phone]

Adrian Haxby

Neil Patel

Lazard & Co., Limited

[phone]

William Rucker

Nicholas Millar

Tulchan Communications (for Savills)

[phone]

John Sunnucks

Peter Hewer

Citigate Dewe Rogerson (for Cordea Savills)

[phone]

Patrick Evans

Steven Sheppard

 

END

 

 

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