Result of AGM

RNS Number : 6629Y

Big Yellow Group PLC

09 July 2008

 



Result of Annual General Meeting 

Big Yellow Group PLC ('The Group') announces that, at the Annual General Meeting (the "AGM") held today, resolutions numbered 1 to 9 contained in the notice of the Annual General Meeting dated 9 June 2008 (the "AGM Notice") were duly passed.

The final dividend of 5.5p per Ordinary Share will be paid on 16 July 2008.

Due to an unfortunate administrative error, the AGM notice convening the AGM omitted to specify the intention to propose resolutions 10, 11 and 12 contained in the AGM Notice as special resolutions in accordance with the Companies Act 2006. As a consequence, these resolutions would not have been valid as special resolutions if passed by the requisite majority at the AGM and as such, were not proposed at the AGM. Of the total proxy votes received in relation to these resolutions, in each case more than 75% directed or permitted a vote in favour of the resolution.  

The passing of the relevant resolutions is necessary to give the Board flexibility to act in the best interests of shareholders when opportunities arise, and to ensure that the Company's Articles of Association are updated to take account of the changes brought about by the Companies Act 2006. The Board therefore intends to convene a new general meeting on 24 September 2008 to consider these resolutions in substantially the same form as set out in the AGM Notice, save for any updates to reflect changes in the Company's share capital. A notice of general meeting with new forms of proxy will therefore be sent to shareholders in due course for this purpose.

Enquiries:

John Trotman, Chief Financial Officer            01276 470190

Michael Cole, Company Secretary                  01276 478701

This information is provided by RNS

The company news service from the London Stock Exchange

 

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