FIRSTGROUP PLC
9 September 1999
RESULTS OF THE EXTRAORDINARY GENERAL MEETING
FirstGroup plc ('FirstGroup') is pleased to announce that at the Extraordinary
General Meeting held earlier today shareholders passed a resolution to approve
the acquisition of the entire share capital of Ryder Public Transportation
Services, Inc. ('Ryder'), to increase the borrowing limits under the Companies
Articles of Association, to increase the authorised share capital of the
Company and to authorise the Directors to allot shares pursuant to Section 80
of the Companies Act 1985.
The acquisition of Ryder is accordingly no longer conditional in any respect
and completion is expected to take place on Monday 13 September 1999. On
Tuesday 14 September 1999 the listing of Covertible Unsecured Loan Stock units
issued by FirstGroup Acquisition Ltd pursuant to the rights issue, will be
cancelled and dealings in the replacement FirstGroup Ordinary Shares will
commence. Share certificates for the new FirstGroup ordinary shares are
expected to be despatched by 21 September 1999.
Commenting on the acquisition, Moir Lockhead, Group Chief Executive, said:
'This is an important milestone for FirstGroup as we move into the US, giving
us exciting new opportunities for growth in the largest transportation market
in the world.'
Enquiries:
FirstGroup plc
Moir Lockhead, Group Chief Executive 0171 291 0510
Michael Mitchell, Corporate Communications Director 0171 291 0504
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