Result of Meeting

RNS Number : 1688K

UK Coal PLC

11 July 2011

 



UK COAL PLC

RESULT OF GENERAL MEETING

RELATED PARTY TRANSACTION WITH PEEL

UK Coal Plc ("UK Coal" or the "Group") announces that at the General Meeting held on Monday 11 July 2011, the resolution to approve a proposed Joint Venture with members of the Peel Group, UK Coal's largest beneficial shareholder, to develop waste to energy facilities on 11 properties within the Group's property portfolio was approved by shareholders.

A breakdown of proxy votes lodged prior to the General Meeting is set out below:

Ordinary Resolution	For	%	Discretion	%	Against	%	Votes Withheld
THAT the proposed Joint Venture as described in the circular to shareholders of the Company dated 14 June 2011 (the Circular) and on the terms and subject to the conditions in the JV Agreements (as defined 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 the Joint Venture 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.	74,026,338	99.26	320,957	0.43	231,988	0.31	549,534

Capitalised terms in the ordinary resolution set out above have the meaning given to them in the circular prepared by UK Coal dated 14 June 2011.

There are 299,298,160 ordinary shares of 1p each in issue.

Contact:   R A Cole, Company Secretary, 01302 751 751

 

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