Result of AGM & Notice of EGM
Aukett Group PLC
10 February 2004
Aukett Group PLC
10 February
For Immediate Release 10 February 2004
AUKETT GROUP PLC (the 'Company')
Further to its announcement on 27 January 2004, Aukett Group Plc, the
international group of architects, designers and engineers headquartered in
London, announces that ballot papers for the polls in relation to certain
resolutions proposed at the Company's Annual General Meeting ('AGM'), will be
despatched to all shareholders as soon as practicable this week. The polls will
be conducted, and the results of the voting will be declared, at (or as soon as
reasonably practicable after) 10.00 am on Wednesday, 25 February 2004 at the
Company's registered office.
Since the AGM, discussions have taken place between the Board and Imagina
Management S.L. ('Imagina'), the Company's largest shareholder, owning
approximately 13.62% of the issued ordinary share capital of the Company.
Imagina, with the support of some other shareholders, is seeking certain changes
to the board of directors, as referred to in the Company's announcement on 27
January 2004. The Company had, on that date, announced its intention to convene
an extraordinary general meeting on 25 February 2004 at which the relevant
issues could be presented to shareholders.
As a result of the discussions that have taken place, Imagina has committed to
the Company that it will vote its shares in favour of all those resolutions
(including the re-election of directors) which were proposed at the AGM and in
respect of which polls will be conducted by ballot on 25 February 2004. The
Company has, in turn, agreed to convene an extraordinary general meeting to be
held on 25 March 2004, at which resolutions for the removal from the Board of
Group Managing Director Geoffrey Harwood, Group Marketing Director Stuart
McLarty, non-executive Chairman Ian Mavor and non-executive director Ian
McQuattie, and for the appointment of Jose Luis Ripoll, Gerald Deighton and
Stephen Beckers, will be proposed. Pending the outcome of the EGM, the Company
has agreed not to appoint any additional directors to the Board (unless the
number of directors falls below 3, and then only to increase the number of
directors to 3) nor alter the terms of employment or engagement of any current
Board member. The purpose of this arrangement is to ensure that a board of
directors remains in place in order to manage the Company's affairs until the
position of the current directors can be properly discussed by shareholders at
the EGM.
The Company and Imagina have also agreed that neither will propose any other
resolution, or amendment to the above-mentioned resolutions, for consideration
at the EGM, or convene or requisition any other extraordinary general meeting of
the Company prior to the holding of the EGM respectively.
A notice convening the extraordinary general meeting, together with an
explanatory circular from the Board and a statement by Imagina, will be
despatched by the Company to shareholders in due course.
Neither the Company nor Imagina or their respective representatives intend
making any further public statements on these matters before the EGM, other than
in the above mentioned circular and statement.
For further information contact:
Aukett Group Plc
Patrick Carter, Group Finance Director
Tel: 020 7924 4949
www.aukett.com
Binns & Co PR Ltd
Peter Binns
Tel: 020 7786 9600
peter.binns@binnspr.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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