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Swallowfield PLC (BAR)

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Monday 11 April, 2011

Swallowfield PLC

Result of GM

RNS Number : 6863E
Swallowfield PLC
11 April 2011

Swallowfield plc


Result of General Meeting


Swallowfield announces that at the general meeting held earlier today, both of the resolutions proposed on behalf of Mr Peter Gyllenhammar received the requisite level of support and were duly passed. Accordingly Shena Winning has stood down as Chairman and a Director of the Company.


The votes cast were as follows:



Number of proxies


% of Votes Cast


Number of proxies


% of Votes Cast

Resolution 1





Resolution 2






The Board notes that 90.3% of total voting rights were cast at the General Meeting, indicating a high degree of engagement from the wider shareholder base in support of Shena Winning.


The Board is extremely disappointed that Mr Gyllenhammar and Western Selection plc have been unable to accept the most recent attempts to find a compromise solution that meets their concerns, protects the interests of all other shareholders and which were set out in detail in the Company's circular to shareholders of 8 April 2011. This would have avoided the need for a General Meeting, maintained the stability of the Company, and eliminated the high levels of disruption experienced by the management team.


The Board intends to carefully consider its position and will update shareholders in due course. The Board will remain resolute in taking the steps it considers necessary to protect the interests of all shareholders.


For further information please contact:

Swallowfield plc

Ian Mackinnon

Chief Executive Officer

01823 662 241

Mark Warren

Group Finance Director

01823 662 241

Barrie Newton

Smith & Williamson Corporate Finance (Broking)

0117 376 2213

Nick Reeve, Martyn Fraser

Smith & Williamson Corporate Finance (Nomad)

0117 376 2213

Alan Bulmer

Performance Communications

0117 907 6514

Chris Lawrance

JBP Public Relations

0117 907 3400


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