Result of EGM
07 Abril 2010 - 8:04AM
UK Regulatory
TIDMLII
RNS Number : 8239J
Liberty International PLC
07 April 2010
LIBERTY INTERNATIONAL PLC
7 April 2010
RESULTS OF PROXY VOTING AT EXTRAORDINARY GENERAL MEETING
Liberty International PLC announces that at its Extraordinary General Meeting
held earlier today, the Demerger Resolutions proposed in the notice of the
Extraordinary General Meeting set out in the circular to shareholders dated 12
March 2010 (the "Circular") were duly passed by the requisite majorities on a
show of hands.
Proxy appointments were validly made in respect of 443,452,669 Liberty
International PLC ordinary shares. Details of the proxy votes received in
relation to each of the Demerger Resolutions are set out below:
+-+-------------------------+-------------+------------+------------+-----------+
| 1.| Cancellation of Liberty | Votes | Percentage | Votes | Votes |
| | International PLC Share | For | of votes | Against | Withheld |
| | Premium Account | | cast | | |
+-+-------------------------+-------------+------------+------------+-----------+
| | UK Register: | 242,475,140 | 99.77% | 569,145 | 2,726,013 |
+-+-------------------------+-------------+------------+------------+-----------+
| | SA Register: | 106,514,605 | 53.88% | 91,167,766 | 0 |
+-+-------------------------+-------------+------------+------------+-----------+
| | TOTAL: | 348,989,745 | 79.19% | 91,736,911 | 2,726,013 |
+-+-------------------------+-------------+------------+------------+-----------+
| | | | | | |
+-+-------------------------+-------------+------------+------------+-----------+
| 2.| Approval of the | Votes | Percentage | Votes | Votes |
| | Demerger; Capital & | For | of votes | Against | Withheld |
| | Counties Reduction of | | cast | | |
| | Capital; authority to | | | | |
| | allot redeemable | | | | |
| | shares; approval of the | | | | |
| | Share Schemes of | | | | |
| | Capital & Counties; and | | | | |
| | the change of name of | | | | |
| | Liberty International | | | | |
+-+-------------------------+-------------+------------+------------+-----------+
| | UK Register: | 239,443,441 | 99.22% | 1,870,468 | 4,456,389 |
+-+-------------------------+-------------+------------+------------+-----------+
| | SA Register: | 106,514,578 | 53.88% | 91,167,763 | 30 |
+-+-------------------------+-------------+------------+------------+-----------+
| | TOTAL: | 345,958,019 | 78.81% | 93,038,231 | 4,456,419 |
+-+-------------------------+-------------+------------+------------+-----------+
Notes
1. Any proxy appointments which gave discretion to the Chairman have been
included in the 'for' total.
2. A 'vote withheld' is not a vote in law and is not counted in the
calculation of the proportion of the votes for or against a resolution.
Patrick Burgess, Chairman of Liberty International, commented:
"We are pleased with the shareholder support for the Demerger reflected in
today's vote, which is the next step in the creation of two strong and focused
businesses with different characteristics and attractions for shareholders as a
response to the changing real estate market environment. We believe that as
standalone businesses both Capital Shopping Centres and Capital & Counties will
be best positioned to execute their own significant strategic plans and deliver
strong shareholder returns over time."
Completion of the Demerger remains subject to, amongst other things, the
confirmation of the Liberty International Reduction of Capital by the Court. The
court hearing to confirm the Reduction of Capital will be held on 4 May 2010.
The Demerger is expected to become unconditional on 7 May 2010.
A detailed timetable of events for the Demerger is set out in the Circular. A
summary of the expected timetable is set out in Appendix A.
Unless stated otherwise, capitalised terms used in this announcement shall have
the same meanings as in the Circular.
Copies of the resolutions passed at the Extraordinary General Meeting have been
submitted to the UK Listing Authority and will be shortly available for
inspection by the public during normal business hours on any weekday (public
holidays excepted) at the UK Listing Authority's Document Viewing Facility,
which is situated at The Financial Services Authority, 25 The North Colonnade,
Canary Wharf, London E14 5HS, United Kingdom (Tel: +44 (0)20 7676 1000). The
full text of this announcement can also be viewed on Liberty International PLC's
website at: http://www.liberty-international.co.uk/.
Enquiries
Susan Folger, Company Secretary
Telephone +44 207 887 7073
Appendix A - Expected timetable
+------------------------------------------------+----------------+
| Last day to trade Liberty International | Friday 7 May |
| Ordinary Shares on the LSE and the JSE under | 2010 |
| the old name of Liberty International PLC cum | |
| entitlement to participate in the Demerger | |
+------------------------------------------------+----------------+
| Liberty International Reduction of Capital | Friday 7 May |
| becomes effective | 2010 |
+------------------------------------------------+----------------+
| Change of name of Liberty International to | close of |
| Capital Shopping Centres Group PLC | business on |
| | Friday 7 May |
| | 2010 |
| | |
+------------------------------------------------+----------------+
| Commencement of dealings in the Capital & | 8.00 a.m. on |
| Counties Ordinary Shares on the LSE on a "when | Monday 10 May |
| issued basis" and listing of and commencement | 2010 |
| of dealings in the Capital & Counties Ordinary | |
| Shares on the JSE | |
+------------------------------------------------+----------------+
| First day of dealings in Liberty International | Monday 10 May |
| (now Capital Shopping Centres) Ordinary Shares | 2010 |
| ex entitlement to participate in the Demerger | |
+------------------------------------------------+----------------+
| Record Time for purposes of determining | 6.00 p.m. on |
| holders of Liberty International Ordinary | Friday 14 May |
| Shares entitled to participate in the Demerger | 2010 |
| and the South African record date for the name | |
| change | |
+------------------------------------------------+----------------+
| Admission to trading, listing of and | 8.00 a.m. on |
| commencement of dealings in the Capital & | Monday 17 May |
| Counties Ordinary Shares on the London Stock | 2010 |
| Exchange | |
+------------------------------------------------+----------------+
| Settlement on the LSE and JSE | 8.00 a.m. on |
| | Monday 17 May |
| | 2010 |
+------------------------------------------------+----------------+
| Capital & Counties Reduction of Capital | Tuesday 18 May |
| becomes effective | 2010 |
+------------------------------------------------+----------------+
| All times are London times. | |
| | |
+------------------------------------------------+----------------+
This announcement is not a prospectus but an advertisement and investors should
not acquire any new ordinary shares in Capital & Counties referred to in this
announcement except on the basis of the information contained in the prospectus
published by Capital & Counties on 12 March 2010 and any supplement or amendment
thereto.
This announcement is for information purposes only and does not constitute an
offer to sell or the solicitation of an offer to buy any securities or
investment advice in any jurisdiction.
The securities to which this announcement relate have not been and are not
required to be registered under the US Securities Act. These securities have not
been approved or disapproved by the US Securities and Exchange Commission, any
state securities commission in the United States or any US regulatory authority,
nor have any of the foregoing authorities passed upon or endorsed the merits of
the offering of these securities or the accuracy or adequacy of this document.
Any representation to the contrary is a criminal offence in the United States
This information is provided by RNS
The company news service from the London Stock Exchange
END
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