Result of EGM

RNS Number : 7160Y

Yule Catto & Co PLC

30 December 2010

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

30 December 2010

Yule Catto & Co plc (the "Company")

RESULTS OF GENERAL MEETING

The Company is pleased to announce that all of the resolutions (the "Resolutions") proposed at today's General Meeting, relating to the 4 for 3 Rights Issue of up to 194,217,582 New Ordinary Shares at 116 pence per New Ordinary Share and the acquisition of the entire issued share capital of PolymerLatex Deutschland Beteiligungsgesellschaft mbH ("PolymerLatex"), were duly passed without amendment by the required majority on a show of hands.

Further details of the Resolutions are set out in the combined circular and prospectus published by the Company and sent to Shareholders on 13 December 2010 (the "Prospectus"), a copy of which can be viewed on the Company's website, www.yulecatto.com

Details of the proxy votes received in advance of the meeting in respect of the Resolutions are as follows:

Resolution	For		Against		Withheld
	Number	%	Number	%	Number
To approve the acquisition of Polymerlatex	95,175,651	97.99	1,948,559	2.01	1,404,136
To authorise allotments of ordinary shares in connection with the Rights Issue	95,175,149	97.99	1,948,570	2.01	1,404,627

Notes

1.   Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2.   A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

3.   The issued share capital of the Company as at 30 December 2010 is 145,663,187 Ordinary Shares of 10p each.

4.   All percentages are shown to two decimal places.

In accordance with the Listing Rules, the Company has submitted a copy of the Resolutions passed at the General Meeting to the National Storage Mechanism and will shortly be available for inspection at: http://hemscott.com/nsm.do

It is expected that Provisional Allotment Letters in relation to the New Ordinary Shares to be issued, nil paid, pursuant to the Rights Issue will be posted to Qualifying Non-CREST Shareholders (other than, subject to certain exceptions, Shareholders in any Excluded Territory) later today. Nil Paid Rights are expected to be credited to stock accounts, and enabled for settlement, in CREST for Qualifying CREST Shareholders (other than, subject to certain exceptions, Shareholders in any Excluded Territory) on 31 December 2010. The latest time and date for acceptance and payment in full under the Rights Issue is 11.00 a.m. on 17 January 2011. For full details of the timetable for, and the terms and conditions of, the Rights Issue please refer to the Prospectus.

Details of the proxy votes received in advance of the meeting will also shortly be available on the Company's website, www.yulecatto.com

Capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the Prospectus. 

Contacts

For further information, please contact:

Yule Catto & Co plc                                        Tel: [phone]

Adrian Whitfield, Chief Executive Officer

DISCLAIMER

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The availability of the Rights Issue to persons not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions. Such persons should inform themselves about and observe any applicable requirements.

This announcement does not constitute a prospectus. Nothing in this announcement should be interpreted as a term or condition of the Rights Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any Nil Paid Rights, Fully Paid Rights and/or New Ordinary Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus.

This announcement is not an offer of securities for sale in the United States. The securities discussed herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act")and may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act. No public offering of the securities referred to herein is being made in the United States and the information contained herein does not constitute an offering of securities for sale in the United States, Australia, Canada, Japan or South Africa or any other jurisdiction in which the same would be unlawful.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

The information in this announcement may not be forwarded or distributed to any other person and may not be reproduced in any manner whatsoever. Any forwarding, distribution, reproduction, or disclosure of this information in whole or in part is unauthorized. Failure to comply with this directive may result in a violation of the US Securities Act or the applicable laws of other jurisdictions.

This announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.

 

END

 

 

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