Result of General Meeting

RNS Number : 4069G
Highcroft Investments PLC
11 May 2011
 



HIGHCROFT INVESTMENTS PLC

("Highcroft" or "the Company")

 

Result of General Meeting

 

Highcroft announces that at the General Meeting that was held today the sole resolution requesting the board to actively seek a merger with a larger quoted property company or an orderly sale of the Company's assets and subsequent distribution of the proceeds to the Company's shareholders was not passed.  In this vote 72.6% of the Company's issued share capital was voted, in person or by proxy.  Of the votes cast 69.3% voted against the resolution and 30.7% in favour.

 

Consequently, the Company will continue to focus on delivering shareholder value through actively managing the current property portfolio and using our sound financial position to take advantage of opportunistic property acquisitions. The Company remains committed to a progressive dividend policy.

 

 

 

 

Enquiries:

 

John Hewitt / Roberta Miles                                                             01865 840 023

Highcroft Investments PLC

 

Dugald Carlean / Karri Vuori                                                            020 7149 6000

Charles Stanley Securities


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSFMFDFFFSEEI
UK 100

Latest directors dealings