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WestBromwich BldgSoc (WBS)

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Friday 04 September, 2009

WestBromwich BldgSoc

PIBS HOLDERS ENDORSE VARIATIO

RNS Number : 5822Y
West Bromwich Building Society
04 September 2009
 

WEST BROM PIBS HOLDERS ENDORSE 

VARIATIONS TO CONDITIONS

 

At a meeting of the PIBS holders today (4th September) holders of PIBS with West Bromwich Building Society supported proposed variations to the Society's Special Conditions of issue of the PIBS.

 

The results of the votes were:

 

Special resolution 1 - 92.22% in favour

(To remove the requirement to convene a special general meeting)

 

Special resolution 2 - 77.02% in favour

(To remove the postponement of other interest payments)

 

Special resolution 3 - 92.15% in favour

(Variations to the public announcement requirements)

 

Commenting on this endorsement for the proposed variations, Robert Sharpe, the Society's Chief Executive, said: 'We are pleased that PIBS holders have supported these variations to the PIBS conditions, as it will result in the Society avoiding additional costs, and hence benefit all members.'

 

END

For further information, please contact:

Brian Seymour-Smith, Senior Public Relations Manager

West Bromwich Building Society

Tel: 0870 220 7785

or 

Tony Friend or Gareth David

College Hill Associates

Tel: 020 7457 2020

 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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