Result of EGM

RNS Number : 8247G

Stobart Group Limited

18 May 2011

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

Stobart Group Limited ("Stobart" or the "Company")

Result of General Meeting

Further to the announcement on 21 April 2011 of the Open Offer and the posting on 26 April 2011 of the prospectus and circular, the Board of Stobart are pleased to announce that, at the General Meeting held earlier today, the seven resolutions referred to below and set out in Stobart's notice of general meeting published on 26 April 2011 were passed, without modification, by the requisite majorities.

The number of proxy votes lodged for each resolution before the meeting was as follows:

Resolution	For	% For	Against	% Against	Total Votes	Votes Withheld
1. Approval of IAML Rule 9 Waiver	116,852,423	80.89	27,610,446	19.11	144,456,428	64,732,703
2. Amendment of articles of incorporation	208,942,294	99.89	243,998	0.12	209,179,851	9,281
3. Increase in authorised share capital	182,560,916	87.52	26,046,369	12.49	208,600,844	588,287
4. Amendment of memorandum of incorporation	182,568,341	87.27	26,037,839	12.48	208,599,739	589,392
5. Authority to allot Ordinary Shares	182,037,617	87.27	26,566,984	12.74	208,598,160	590,971
6. Disapplication pre-emption rights	182,024,335	87.26	26,582,661	12.74	208,600,555	588,576
7. Adoption of the New Incentive Plan	154,694,976	74.41	53,198,710	25.59	207,887,245	1,301,886

Two copies of the resolutions passed at the meeting have been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at the NSM's website http://www.hemscott.com/nsm.do.

The Open Offer remains conditional upon admission of the Open Offer Shares to the Official List of the UK Listing Authority and to trading on London Stock Exchange's main market for listed securities. It is expected that Admission will occur, and that dealings in the Open Offer Shares will commence, at 8.00 a.m. on 19 May 2011.

Except for words and phrases defined in this announcement, capitalised terms used but not defined in this announcement have the same meanings as set out in the document sent to Shareholders on 26 April 2011.

Enquiries:

Stobart Group 01925 605400

Andrew Tinkler, Chief Executive Officer

Ben Whawell, Chief Financial Officer

Cenkos Securities 020 7397 8900

Nicholas Wells, Stephen Keys, Adrian Hargrave

 

END

 

 

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