LAN Land OF Leather

    RNS Number : 9859Y
  Land of Leather Holdings plc
  14 July 2008
   

    Land of Leather Holdings plc
    14 July 2008


    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA

    THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN
THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS PUBLISHED BY LAND OF LEATHER HOLDINGS PLC ON 19 JUNE 2008 IN
CONNECTION WITH THE PROPOSED PLACING AND OPEN OFFER (THE 'PROSPECTUS')

                              Land of Leather Holdings plc
                        Result of Extraordinary General Meeting


    Land of Leather Holdings plc (LSE: LAN) ('Land of Leather' or the 'Company') announces that at the Extraordinary General Meeting of the
Company held earlier today, all the Resolutions put to Shareholders were duly passed.

    The results of the proxy votes received in advance of the meeting are as set out in the table attached to the announcement.

    The total number of shares in issue at the close of voting was 49,908,710.

    The Placing and Open Offer remains conditional upon, inter alia, admission of the New Ordinary Shares to the Official List and to
trading on the London Stock Exchange's market for listed securities. Application has been made to the FSA for the New Ordinary Shares to be
admitted to the Official List and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on the London Stock
Exchange's market for listed securities. It is expected that Admission will become effective and dealings in the New Ordinary Shares will
commence at 8.00 a.m. on 15 July 2008.

    Terms defined in the Company's prospectus relating to the Placing and Open Offer dated 19 June 2008 (the 'Prospectus') have the same
meaning in this announcement. A copy of the Prospectus has been submitted to the UKLA, and is available for inspection at the Document
Viewing Facility, which is situated at: Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS, Tel no: 020 7676
1000.


      - ends -






    Enquiries:

    Land of Leather Holdings plc
    Clive Hatchard                            0147 432 2277

    Investec
    James Grace / Patrick Robb                0207 597 5180

    Kaupthing
    Nicholas How / Paul Wedge                 0203 205 5000

    Hudson Sandler
    Michael Sandler                           0207 796 4133


    Investec Investment Banking, a division of Investec Bank (UK) Limited, which is authorised and regulated in the United Kingdom by the
Financial Services Authority and is a member of the London Stock Exchange, is acting for the Company and no-one else in connection with the
Placing and Open Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its customers
or for providing advice in relation to the Placing and Open Offer or any other matter referred to herein.

    Kaupthing Singer & Friedlander Capital Markets Limited which is authorised and regulated in the United Kingdom by the Financial Services
Authority and is a member of the London Stock Exchange, is acting for the Company and no-one else in connection with the Placing and Open
Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its customers or for providing
advice in relation to the Placing and Open Offer or for any other matter referred to herein.

    This announcement has been issued by Land of Leather Holdings plc and is the sole responsibility of Land of Leather Holdings plc. This
announcement does not constitute, or form part of, an offer or solicitation of an offer, to purchase or subscribe for, underwrite or
otherwise acquire, any rights, shares or other securities.


    This announcement includes 'forward-looking statements' which include all statements other than statements of historical facts,
including, without limitation, those regarding the Group's financial position, business strategy, plans and objectives of management for
future operations (including development plans and objectives relating to the Group's products and services), and any statements preceded
by, followed by or that include forward-looking terminology such as the words 'targets', 'believes', 'estimates', 'expects', 'aims',
'intends', 'will', 'can', 'may', 'anticipates', 'would', 'should', 'could' or similar expressions or the negative thereof. Such
forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Group's control that could
cause the actual results, performance or achievements of the Group to be materially different from future results, performance or
achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which
the Group will operate in the future. Among the important factors that could cause the Group's actual results, performance or achievements
to differ materially from those in forward-looking statements include those relating to Land of Leather's funding requirements, regulatory
approvals, reliance on third parties, intellectual property, key personnel and other factors. These forward-looking statements speak only as
at the date of this announcement. The Group expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any
forward-looking statements contained in this announcement to reflect any change in the Group's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statements are based. As a result of these factors, readers are cautioned
not to rely on any forward-looking statement.




                                                     Number of shares valid proxies were instructed to vote

 Item                                For  Discretion  Against  Total votes  Abstain  Total proxies  Vote by

 1         Effect the share  26,323,256     3,050           -  26,326,306   23,200    26,349,506       Hand
              consolidation
               Increase the
           authorised share
                   capital 
        Grant the Directors
         authority to allot
            unissued shares
         Disapply statutory
         pre-emption rights

 2     Terms of the issue    26,323,256     3,050           -  26,326,306   23,200    26,349,506      Hand 
       and the Barclays
       warrant 
 3     Related party         18,686,898     3,050           -  18,689,948      -      18,689,948      Hand 
       transaction -
       Stancroft Trust
       Limited 
 4     Related party         26,346,456     3,050           -  26,349,506      -      26,349,506      Hand 
       transaction - New
       Star Asset
       Management 
 5     Related party         23,479,182     3,050           -  23,482,232      -      23,482,232      Hand 
       transaction - Paul
       Briant 
 6     Related party         25,846,456     3,050           -  25,849,506      -      25,849,506      Hand 
       transaction - Clive
       Hatchard 
 7     Related party         25,846,456     3,050           -  25,849,506      -      25,849,506      Hand 
       transaction -
       Malcolm Heald 
 8     Related party         26,346,456     3,050           -  26,349,506      -      26,349,506      Hand 
       transaction - Steve
       Jenkins 
 9     Related party         25,380,855     3,050           -  25,383,905      -      25,383,905      Hand 
       transaction - Peter
       Ling 

    An instruction to abstain is not a vote in law and is not counted in the calculation of the proportion of the votes for and against the
item.


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
REGSFDFSLSASEEW

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