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IP Group PLC (IPO)

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Thursday 10 August, 2017

IP Group PLC

Result of Meeting

RNS Number : 7122N
IP Group PLC
10 August 2017
 

 

 

FOR RELEASE ON 10th August 2017

                                                

 

IP Group plc - Offer Update and Result of General Meeting

 

1.    Introduction

 

IP Group plc (LSE: IPO) (the "Company"), the developer of intellectual property-based businesses, issues the following statement following its General Meeting which took place at 11.00am today relating to the offer for Touchstone Innovations plc, the improved terms of which were announced on 18 July 2017 (the "Offer").

 

2.     Offer Update

 

The Company is pleased to announce that it has recently received the requisite approval from the Financial Conduct Authority and this condition of the Offer has been satisfied.

 

3.         Result of General Meeting

The Resolutions contained in the Notice of General Meeting set out in the Circular dated 18 July 2017 were duly passed. The result of the poll in relation to the resolution to approve the acquisition of the issued and to be issued ordinary shares in Touchstone Innovations plc was as follows:

 

In Favour

Against

Withheld*

 

TOTAL votes cast

Votes

%

Votes

%

Votes

Excluding votes withheld

 

545,273,171

 

92.18

 

46,278,703

 

7.82

 

17,284,238

 

608,836,112

 

 

Resolution 2 was passed unanimously on a show of hands. The results of the proxy votes received prior to the General Meeting were as follows:

 

 

In Favour

Discretion

Against

Withheld*

Votes

%

Votes

%

Votes

%

Votes

545,216,467

92.17

35,736

0.01

46,278,703

7.82

17,284,238

 

 

* A 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.

 

 

The voting results will shortly be available on the Company's website at www.ipgroupplc.com/investor-relations. In accordance with Listing Rule 9.6.1, a copy of the resolutions has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

 

 

 

 

 

Enquiries:

 

IP Group plc


Alan Aubrey, Chief Executive Officer

+44 (0) 20 7444 0050

Greg Smith, Chief Financial Officer


Liz Vaughan-Adams, Communications

+44 (0) 20 7444 0062/+44 (0) 7979 853802

 



Rothschild (Lead Financial Adviser)

+44 (0) 20 7280 5000


Warner Mandel



Anton Black

 





Numis Securities Limited (Sponsor, Joint Financial Adviser and Broker)

+44(0) 20 7260 1000


Michael Meade


James Black


Freddie Barnfield

 





Charlotte Street Partners



Andrew Wilson

+44 (0) 7810 636995


Martha Walsh

+44 (0) 7876 245962


 


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