Result of General Meeting

RNS Number : 3552M

Future PLC

15 July 2014

 



15 July 2014

Future plc ("Future", the "Company")

Result of General Meeting

The Board of Future is pleased to announce that at the Company's General Meeting held today at 11.00am, the following resolutions, as proposed in the Notice of General Meeting and put to the shareholders at the General Meeting, were duly passed:

·      The ordinary resolution to approve the disposal of a portfolio comprising the Sport titles and the Craft titles to Immediate Media Company Bristol Limited for the sum of up to £24m (the "Disposal")

·      The special resolution to approve the transfer of the Company's listing category on the Official List of the UK Listing Authority and on the Main Market of the London Stock Exchange from a premium listing (commercial company) to a standard listing (shares) (the "Transfer of Listing").

The expected completion date of the Disposal is 21 July 2014. Following shareholder approval, the Company will submit its application for the Transfer of Listing to the UK Listing Authority shortly. Accordingly, the Company expects the Transfer of Listing to take effect on or around 13 August 2014.

The voting results were as detailed below:

Resolutions		For			Against			Withheld
		Number of votes	%		Number of votes	%		Number of votes
1.  To approve the terms of the Disposal and the authorisation  of the Directors to do or procure to be done all such acts to  give effect to the Disposal		250,840,246	99.99		10,318	0.00		50
2.  To approve the proposed Transfer of Listing and the authorisation  of the Directors to do or procure to be done all such acts to  give effect to the Transfer of Listing		190,149,648	85.66		31,806,110	14.33		28,892,606

[1] Votes withheld are not votes in law and are not counted in the calculation of the proportion of the votes for and against a resolution.

The total number of voting rights as at 14 July 2014 was 333,779,909

An explanatory circular was submitted to the National Storage Mechanism (the "NSM") on 26 June 2014 and is available for inspection at http://www.morningstar.co.uk/uk/nsm and on the Company's website at http://www.futureplc.com/investors (along with the Notice of General Meeting). In accordance with Listing Rule 9.6.2, copies of all resolutions passed will be submitted to the NSM and will be available for inspection at  www.morningstar.co.uk/uk/nsm in due course. 

Enquiries

Future plc	[phone]
Zillah Byng-Maddick, Chief Executive
Numis Securities Limited (Financial adviser, sponsor and broker to Future)	[phone]
Lorna Tilbian / Nick Westlake /  Mark Lander

 

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