Result of General Meeting

RNS Number : 0016B

Barratt Developments PLC

19 October 2009

 



THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA AND SHOULD NOT BE DISTRIBUTED IN, FORWARDED TO OR TRANSMITTED IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL SECURITIES LAWS OR REGULATIONS. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

19 October 2009

Barratt Developments PLC

Result of General Meeting

Poll Results

A General Meeting of Barratt Developments PLC was held on 19 October 2009 at 9.00 a.m. The result of the poll on the sole resolution which was proposed at the General Meeting is set out below.

Special Resolution

To grant such approvals and authorities as are required to implement the proposed Placing and Rights Issue and certain standard share capital authorities as contemplated by the Prospectus and notice of General Meeting each dated 23 September 2009.

	Number of Ordinary Shares	Percentage of votes cast (%)
For:	165, 839, 334	99.86
Against:	233, 367	0.14
Total votes cast:	166, 072, 701

The voting figures will be displayed shortly on the Company's corporate website www.barrattdevelopments.co.uk.

Two copies of the special resolution passed at today's General Meeting have been submitted to the Financial Services Authority and shortly will be or are available for inspection at the Financial Services Authority's document viewing facility situated at:

The Financial Services Authority
25 The North Colonnade
Canary Wharf

London 

E14 5HS

The Prospectus published by the Company on 23 September 2009 is also available for inspection at the Financial Services Authority's document viewing facility.

The Prospectus is not for distribution in the United States, Canada, Japan, New Zealand or South Africa.

The Placing is expected to complete later today.

The Record Date for the Rights Issue will be the close of business in London today. Provisional Allotment Letters are expected to be posted today to Qualifying non-CREST Shareholders, other than (subject to certain exceptions) Qualifying nonߛCREST Shareholders who are Excluded Shareholders.  

It is expected that Placing Admission and Admission of the New Ordinary Shares (nil paid) will occur and dealings in the Placing Shares and the New Ordinary Shares (nil paid) will commence at or around 8 a.m. on 20 October 2009.  

The latest time and date for acceptance, payment in full and registration of renunciation of Provisional Allotment Letters is expected to be 11 a.m. on 3 November 2009.

Contacts

Barratt Developments PLC	[phone]
David Thomas
Philip Bowcock
Maitland	[phone]
Neil Bennett
Liz Morley
Credit Suisse	[phone]
John Hannaford
Richard Probert
Will MacLaren
UBS Investment Bank	[phone]
Christopher Smith
Jackie Lee
John Woolland

END

1.	Any proxy appointments which gave discretion to the Chairman have been included in the 'For' total.
2.	411, 876 votes were withheld. A "vote withheld" is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" the resolution.

IMPORTANT NOTICE

This announcement is an advertisement and not a prospectus.  Nothing in this announcement should be interpreted as a term or condition of the Placing or the Rights Issue.  Investors should not subscribe for or purchase, sell or dispose of any New Ordinary Shares, the Provisional Allotment Letters, the Nil Paid Rights or the Fully Paid Rights in the Company except on the basis of information in the Prospectus published by Barratt Developments PLC in connection with the Placing and the Rights Issue.

Capitalised terms defined in the Prospectus published on 23 September 2009 shall have the same meaning when used in this announcement. 

This announcement is for information purposes only and does not constitute or form part of any offer or invitation to purchase, otherwise acquire or subscribe for, sell or otherwise dispose of or issue, or any solicitation of any offer or invitation to purchase, otherwise acquire or subscribe for, sell or otherwise dispose of or issue, New Ordinary Shares, the Provisional Allotment Letters, the Nil Paid Rights or the Fully Paid Rights or to take up any entitlements to New Ordinary Shares, the Provisional Allotment Letters, the Nil Paid Rights or the Fully Paid Rights in any jurisdiction.

This announcement and the information contained in it is not for distribution (directly or indirectly) in or to the United States, Canada, Japan, New Zealand or South Africa. It does not constitute an offer for sale of securities, nor a solicitation to purchase or subscribe for securities, in the United States, Canada, Japan, New Zealand or South Africa or any other jurisdiction.

The Prospectus has been published and is available on the Company's website at www.barrattdevelopments.co.uk/ir/equityraise/ provided that the Prospectus is not available (whether through the website or otherwise) to Shareholders in Excluded Territories and, subject to certain exceptions, the United States or Canada. The Prospectus provides further details of the Placing and Rights Issue. The Prospectus is not for distribution in the United States, Canada, Japan, New Zealand or South Africa.

Credit Suisse Securities (Europe) Limited, Barclays Bank PLC, HSBC Bank Plc, Lloyds TSB Bank Plc and RBS Hoare Govett Limited, which are authorised and regulated in the United Kingdom by the FSA, are acting for the Company and no one else in connection with the Placing and the Rights Issue and will not regard any other person as a client in relation to the Placing or the Rights Issue and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing or the Rights Issue or any matters referred to in this announcement. 

UBS Limited is acting exclusively for the Company and no one else in connection with the Placing and the Rights Issue and will not regard any other person as a client in relation to the Placing or the Rights Issue and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing and the Rights Issue or any matters referred to in this announcement. 

Apart from the responsibilities and liabilities, if any, which may be imposed on the Joint Sponsors, the Joint Bookrunners and the Co-Lead Managers by FSMA or under US securities laws or other law, the Joint Sponsors, the Joint Bookrunners and the Co-Lead Managers accept no responsibility whatsoever for, nor make any representation or warranty, express or implied, in relation to, the contents of this document, including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on its behalf, in connection with Barratt Developments PLC, the Placing Shares, the Nil Paid Rights, the Fully Paid Rights, the New Ordinary Shares, the Provisional Allotment Letters, the Placing or the Rights Issue. The Joint Sponsors, the Joint Bookrunners and the Co-Lead Managers accordingly disclaim all and any responsibility or liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this document or any such statement. 

None of the Placing Shares, the Nil Paid Rights, the Fully Paid Rights, the Provisional Allotment Letters or the New Ordinary Shares have been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Company does not intend to register any part of the Placing or the Rights Issue in the United States or to conduct a public offering of securities in the United Sates. Any offering of securities will be made by means of the Prospectus which may be obtained from the Company and contains detailed information about the Company and management as well as financial statements. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted. 

The New Ordinary Shares, the Nil Paid Rights and the Fully Paid Rights have not been and will not be registered under the securities laws of any Excluded Territory and may not be offered, sold, taken up, exercised, resold, transferred or delivered, directly or indirectly, within the Excluded Territories except pursuant to an applicable exemption from registration and in compliance with any applicable securities laws. There will be no public offer of the New Ordinary Shares, the Nil Paid Rights and the Fully Paid Rights in any of the Excluded Territories.

 

END

 

 

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