EGM Statement

RNS Number : 8753X

Carphone Warehouse Group PLC

30 June 2008

 



Monday 30 June 2008

For immediate release

The Carphone Warehouse Group PLC

Result of Extraordinary General Meeting in connection with the proposed sale of 50% of Carphone Warehouse's European and US retail interests to Best Buy Co., Inc for approximately £1.1 billion

Carphone Warehouse announces that earlier today, at the General Meeting of the Company, the ordinary resolutions approving the Sale and the Ownership Arrangements under the Shareholders' Agreement with Best Buy, details of which are described in the circular to Shareholders dated 12 June 2008 (the 'Circular'), were duly passed.

All of the pre-conditions to the completion of the Sale have now been satisfied (or, where appropriate, waived) and, accordingly, the Sale has completed. Terms defined in the Circular shall bear the same meaning in this announcement.

Two copies of the resolutions passed as ordinary business at the General Meeting shall be submitted to the Financial Services Authority (the 'FSA') today and will be available for inspection at the FSA Document Viewing Facility from tomorrow, which is situated at:

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London

E14 5HS

Tel: [phone]

Details of proxy voting instructions lodged prior to the General Meeting are set out below:

Resolution	For	Discretion	Against
1. to approve the Sale	699,960,623	284,291	19,185
2. to approve the Ownership Arrangements	669,952,810	286,609	18,785

The total number of ordinary shares of 0.1p in issue as at 30 June 2008 was 914,104,432.

An abstention is not a vote in law and is not counted in the calculation of proportion of votes 'For' or 'Against' a resolution. 

For Further Information

Peregrine Riviere        + 44 (0) 7909 907193

Tim Morris                  + 44 (0) 208 753 8243

 

END

 

 

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