Information  X 
Enter a valid email address

Flying Brands Ltd (FBDU)

  Print      Mail a friend       Annual reports

Friday 27 April, 2012

Flying Brands Ltd

Result of EGM

RNS Number : 2426C
Flying Brands Limited
27 April 2012
 



27 April 2012

 

FLYING BRANDS LIMITED

 

RESULT OF EXTRAORDINARY GENERAL MEETING ("EGM")

 

 

Flying Brands Limited (the "Company") is pleased to announce that the resolutions put to shareholders at the Company's EGM held earlier today relating to the proposed disposal of the Gifts Division (the "Gifts Disposal") and the proposed disposal of the Garden Bird Supplies, Garden Centre Online and Listen2 businesses (the "BG&L Disposal") were duly passed on a show of hands.

 

Following shareholder approval, the Company expects both the Gifts Disposal and the BG&L Disposal to complete on 30 April 2012.

 

The following levels of proxy appointments were received by the Company prior to the EGM:

Resolutions

For

Against

Chairman's discretion (Note i)

Votes withheld

Number of shares

% of total

Number of shares

% of total

Number of shares

% of total

To approve the disposal of the Gifts division

15,988,086

 

99.83

5,516

0.03

22,338

0.14

233

To approve the disposal of the BG&L Businesses and the Domain Name Disposal

15,822,990

98.8

21,016

0.13

171,937

1.07

233

 

Notes:

(i)         Proxy appointments which gave discretion to the Chairman have been cast in favour of each resolution.

 

(ii)         Issued share capital at 27 April 2012: 28,073,735 ordinary shares. Proxy appointments were received from shareholders of 16,015,940 ordinary shares amounting to 57.05% of the issued share capital.

 

(iii)        A "Vote Withheld" is not counted towards the votes cast "For" or "Against" the resolutions.

 

A copy of the resolutions passed at the EGM is available for inspection on the National Storage Mechanism at www.hemscott.com/nsm.do.

 

For further information, please contact:

 

Flying Brands Limited                                     01245 228 300

Stephen Cook, Chief Executive

Stuart Dootson, Group Finance Director

 

Singer Capital Markets Limited                       020 3205 7500

Claes Spang

Nick Donovan

 

Smithfield Consultants                                    020 7360 4900

John Kiely


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