Result of EGM

RNS Number : 1757X

SMG PLC

20 June 2008

 



SMG plc announces that the ordinary resolution to approve the disposal of Virgin Radio Holdings Limited and its subsidiaries (Virgin Radio) and proposed at the General Meeting held at 10:30am today was duly passed. There are no other conditions to the disposal of Virgin Radio outstanding, and completion is expected to take place on Monday 30 June 2008.

Two copies of the resolution have been submitted to the UK Listing Authority and will shortly be available at the UK Listing Authority's Document Viewing Facility which is situated at:-

The Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel: [phone]

Details of proxy voting instructions, lodged prior to the General Meeting, are set out below:-

General Meeting

Resolution	For	Discretion	Against	Withheld
'THAT the proposed disposal by the Company and its subsidiaries of Virgin Radio as described in the circular to shareholders of the Company dated 3 June 2008 (the 'Circular') and on the terms and subject to the conditions of the disposal agreement dated 30 May 2008 between the Company and TIML (as described in the Circular), be and is hereby approved, and the directors of the Company (or a duly authorised committee thereof) are authorised to do or procure to be done all such acts and things on behalf of the Company and any of its subsidiaries as they consider necessary or expedient for the purpose of giving effect to such disposal and this resolution and to carry the same into effect with such modifications, variations, revisions, waivers or amendments as the directors of the Company (or any duly authorised committee thereof) may in their absolute discretion think fit, provided such variations, revisions, waivers or amendments are not of a material nature.'	739,127,087	400,325	190,467	225,876

The Resolution was proposed as an ordinary resolution.

An abstention is not a vote in law and is not counted in the calculation of proportion of votes 'For' or 'Against' a resolution.

The total number of ordinary shares of 2.5p in issue as at 20 June 2008 was 951,673,627.

Jane E A Tames

Company Secretary

20 June 2008

 

END

 

 

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