Result of General Meeting

RNS Number : 6435F

Edinburgh Dragon Trust plc

15 January 2010

 



EDINBURGH DRAGON TRUST PLC 

15 JANUARY 2010

General Meeting held on 15 January 2010

Further to an announcement of Edinburgh Dragon Trust plc (the "Company") on 16 December 2009, the Board of Directors announce that at a general meeting of the Company's shareholders held today, the special resolution authorising the Company to buy back up to 34,643,156 ordinary shares in connection with a tender offer was passed on a show of hands. 

A total of 62,862,548 shares were validly tendered under the Tender Offer. As a result, the Basic Entitlement of all Shareholders who have validly tendered their shares will be accepted in full and excess tenders will be satisfied to the extent of approximately 39.82 per cent. of the excess shares tendered. 

34,643,156 shares will be repurchased by the Company under the Tender Offer and cancelled; this equates to 15% of the Company's shares in issue at 10 November 2009.  Further details, including the Repurchase Price, will be published in a separate announcement to be made by 22 January 2010.

The proxy votes received in respect of the special resolution at the General Meeting are shown in the following table: 

	For (inc discretionary)	Against	Abstain
Buyback of shares under a Tender offer	88,963,697	228,772	48,053

PASSING OF SPECIAL RESOLUTION

A copy of the above document has been submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

For Edinburgh Dragon Trust plc

Aberdeen Asset Managers Limited, Secretary

For further information please contact:

William Hemmings                                                        0207 463 6000

Aberdeen Asset Managers Limited

 

END

 

 

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