| Wed 7 Apr 2010, 14:51 | | LBT - Liberty International Plc - Results of proxy voting at extraordinary |
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LBT
LILII
LBT - Liberty International Plc - Results of proxy voting at extraordinary
general meeting
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI
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 Votes Percentage Votes Votes
Liberty For of votes Against Withheld
International PLC cast
Share Premium
Account
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 For Percentage Votes Votes
Demerger; Capital of votes Against Withheld
& Counties cast
Reduction of
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/.
7 April 2010
Sponsor
Merril Lynch South Africa (Pty) Limited
Enquiries
Susan Folger, Company Secretary
Telephone +44 207 887 7073
Appendix A - Expected timetable
Last day to trade Liberty International Friday 7 May 2010
Ordinary Shares on the LSE and the JSE under
the old name of Liberty International PLC cum
entitlement to participate in the Demerger
Liberty International Reduction of Capital Friday 7 May 2010
becomes effective
Change of name of Liberty International to close of business on
Capital Shopping Centres Group PLC Friday 7 May 2010
Commencement of dealings in the Capital & 8.00 a.m. on Monday 10
Counties Ordinary Shares on the LSE on a May 2010
"when issued basis" and listing of and
commencement of dealings in the Capital &
Counties Ordinary Shares on the JSE
First day of dealings in Liberty Monday 10 May 2010
International (now Capital Shopping Centres)
Ordinary Shares ex entitlement to participate
in the Demerger
Record Time for purposes of determining 6.00 p.m. on Friday 14
holders of Liberty International Ordinary May 2010
Shares entitled to participate in the
Demerger and the South African record date
for the name change
Admission to trading, listing of and 8.00 a.m. on Monday 17
commencement of dealings in the Capital & May 2010
Counties Ordinary Shares on the London Stock
Exchange
Settlement on the LSE and JSE 8.00 a.m. on Monday 17
May 2010
Capital & Counties Reduction of Capital Tuesday 18 May 2010
becomes effective
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
7 April 2010
Date: 07/04/2010 14:51:01 Produced by the JSE SENS Department.
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