RNS Number : 4133Y
Sovereign Reversions PLC
02 September 2009
SOVEREIGN REVERSIONS PLC
('Sovereign' or the 'Company')
Result of Extraordinary General Meeting
At the Extraordinary General Meeting held earlier today, John Gummer, Non-executive Independent Director and chairman of the meeting commented:
'Our registrars have reported that proxies have been received in respect of over 75% of voting shares, with almost 400 registered shareholders having completed proxy forms. Where voting intentions have been indicated either for or against the resolutions, around 64% of those proxy votes were in support of the current Board, a position which is represented numerically by number of shareholders voting as well as in percentage ownership. I think we can therefore describe the proxy position as representative of smaller shareholders as well as larger shareholders and I am delighted that so many small shareholders have voted.'
At the Extraordinary General Meeting, voting on the resolutions was conducted by poll. The following votes were received for and against the resolutions put before Shareholders.
|
Resolution
|
In Favour Votes
|
%
|
Against Votes
|
%
|
Votes Withheld
|
|
1. Graeme Marshall be removed as a director
|
4,576,478
|
34.63
|
8,640,725
|
65.37
|
2,000
|
|
2. Rupert Pearce Gould be removed as a director
|
4,608,770
|
34.87
|
8,608,433
|
65.13
|
2,000
|
|
3. Paul Spencer be removed as a director
|
4,623,646
|
34.98
|
8,593,557
|
65.02
|
2,000
|
|
4. Harry Hill be appointed as a director
|
4,666,386
|
35.32
|
8,544,139
|
64.68
|
8,678
|
|
5. Peter Gordon be appointed as a director
|
4,616,201
|
34.94
|
8,594,424
|
65.06
|
8,678
|
|
6. Michael Campbell be appointed as a director
|
4,619,762
|
34.96
|
8,594,424
|
65.04
|
5,117
|
Accordingly, all of the resolutions were defeated and the composition of the Board remains unchanged.
Paul Spencer, the Non-executive Chairman of Sovereign commented: 'The Board is delighted with the high turnout and the very strong support given by so many of our Shareholders, clearly indicating support for the Board's strategy. We can now look forward to developing the business.'
2 September 2009
For further information please contact:
|
Charles Stanley Securities
Nominated Adviser and Broker
Phillip Davies / Ben Johnston / Carl Holmes
020 7149 6000
|
|
The Wriglesworth Consultancy Financial Public Relations
Mark Baker 07980 635 243
Brian Thorne 020 7427 1400
|
This information is provided by RNS
The company news service from the London Stock Exchange
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