Result of General Meeting
31 Agosto 2010 - 10:30AM
UK Regulatory
TIDMHNN
RNS Number : 8915R
Norman Hay PLC
31 August 2010
Press release
For immediate release
31st August 2010
Norman Hay plc
Re: Proposed cancellation of admission to trading on AIM
- Result of General Meeting
Norman Hay plc ("Norman Hay" or "The Company"), the specialist chemicals and
systems group, announces that at a General Meeting held earlier today, the
resolution to cancel the admission of the Company's ordinary share capital to
trading on AIM was duly passed.
Details of the proxies received from shareholders in respect of the resolution
are as follows:
+-----------+------+---------------+------+---------+------+----------+------+
| Proxies | * | Proxies | * |Proxies | * | Proxies | * |
| in | % |discretionary | % |against | % |withheld | % |
| favour | | | | | | | |
+-----------+------+---------------+------+---------+------+----------+------+
|9,195,789 |87.2 | 952,061 | 9.0 |396,924 | 3.8 | 0 | 0 |
+-----------+------+---------------+------+---------+------+----------+------+
*Percentage of Proxy Votes received.
Cancellation of the admission of the Company's ordinary share capital to trading
on AIM is expected to occur at 7.00 am on 8 September 2010.
As detailed in the Circular to shareholders dated 6 August 2010, the Company
intends to facilitate a dealing arrangement to enable Shareholders to trade
their Ordinary Shares by way of a matched bargain service. Once this facility
has been finalised, details will be made available to Shareholders via the
Company website: www.normanhay.com. If this facility proves effective, the
Board may consider appointing an external service provider to supply the
service.
Update on current trading
Trading during the first 6 months of 2010 remains consistent with the statement
that was issued at our Annual General Meeting in June.
Our automotive impregnation and sealants business continues to show good results
internationally, although we remain cautious as to the level of recovery that
will be sustained in the short term in the automotive industry.
The engineering business remains focused on meeting its healthy order book,
which currently includes a number of large overseas contracts.
Whilst we continue to see declining revenues in our UK based surface coatings
operations, particularly those sites focused on oil and gas, we expect our
current reduced activity levels to recover in due course.
We continue to work well with Normet, our partner in our construction chemicals
division. Although conditions remain challenging in certain markets, the
performance in 2010 has exceeded 2009 to date.
Generally, the Group has performed well during the first 6 months of 2010 and,
as a result, the Directors are proposing to raise the interim dividend to 2.2p
per share (2009: 2.0p).
This dividend will be paid on 29 October 2010 to shareholders on the register on
1 October 2010.
- ENDS -
Enquiries to:
Vic Bellanti
Norman Hay plc
Tel: +44 (0)24 7622 9373
David Haggie and Juliet Tilley
Haggie Financial
Tel: +44 (0)20 7417 8989
About Norman Hay plc
Norman Hay plc is a global chemicals & systems group, with over 60 years of
trading history. It operates globally in five continents and is headquartered
in Coventry, UK. The Group has four main subsidiaries: "Ultraseal" - automotive
sealants; "Armourcote" - surface coatings; "TAM International" - construction
chemicals; and "Norman Hay Engineering" - bespoke process plants.
For more information see www.normanhay.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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