Regus Shareholders voting result
December 10th, 2007 | by Samantha Middleton
The following is a press release sent out to Reuters.
RESULTS OF VOTING AT EGM - WHITEWASH APPROVED
Regus Group PLC (the “Company”) announces that at the Extraordinary General
Meeting held on 7 December 2007 (the “EGM”) both of the resolutions as set out
in the Notice of Meeting dated 22 November 2007 were approved by shareholders.
These resolutions comprised ordinary resolutions which approved the waiver by
The Panel on Takeovers and Mergers of any obligation which might otherwise fall
on Mark Dixon (or any entity through which Mr. Dixon holds shares in the
Company) to make a general offer to the shareholders of the Company pursuant to
Rule 9 of the City Code on Takeovers and Mergers as a result of:
the Company making purchases of its own shares pursuant to the buy-back
authority granted at its most recent annual general meeting (the “Buy-Back
Authority”), pursuant to which Mr. Dixon’s percentage interest in the
Company’s shares could potentially increase from approximately 37.16 per
cent. as at the date of the EGM to a maximum of approximately 41.03 per
cent.; or
the Company making purchases of its own shares pursuant to the Buy-Back
Authority and the exercise by Mr. Dixon of any of his existing share option
awards under the Regus Group Share Option Plan, the Regus Co-Investment Plan
and the Regus Group Long Term Incentive Plan, pursuant to which Mr. Dixon’s
interest in the shares of the Company could potentially increase from
363,613,783 such shares (representing approximately 37.16 per cent. of such
shares in issue as at the date of the EGM) to a maximum of 367,523,634 such
shares (representing approximately 41.28 per cent. of such shares in issue
as at the date of the EGM).
The results of voting at the EGM are as follows:
Resolution For Against Withheld Total votes
Resolution 1 340,071,867 131,162,884 1,442,651 471,234,751
(Approval of
waiver of
offer
obligation in
connection
with share
buy-backs)
Resolution 2 341,495,711 131,163,755 17,936 472,659,466
(Approval of
waiver of
offer
obligation in
connection
with exercise
of options)
Shares in issue: 978,396,822
In accordance with Listing Rules 9.6.2R and 9.6.3R, two copies of each of the
resolutions will shortly be forwarded to the UK Listing Authority’s Document
Viewing Facility, which is situated at:
Financial Services Authority,
25 The North Colonnade,
Canary Wharf,
London
E14 5HS.
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