REG - Ascential PLC - Results of General Meeting

AscentialAnnouncement

22/04/2024 15:45

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RNS Number : 5644L  Ascential PLC  22 April 2024

  Ascential plc

Results of General Meeting

Ascential plc ("Ascential") is pleased to announce the results of voting on
the resolutions at its general meeting held at 1:00 p.m. (U.K. time) today
(the "General Meeting").

On 4 April 2024, Ascential published a shareholder circular (including the
notice of the General Meeting) (the "Circular"), announcing the details of the
proposed return of value of £850 million to shareholders through:

●     a tender offer to acquire up to £300 million of Ascential's
shares (the "Tender Offer");

●     a special dividend of at least £450 million (the "Special
Dividend"); and

●     on-market share buyback programmes to acquire £100 million of
Ascential's shares.

The General Meeting was held to invite shareholders to consider the
resolutions in connection with the Tender Offer and a consolidation and
division of Ascential's issued share capital to accompany the Special Dividend
(the "Share Consolidation"), as described in the Circular.

Ascential is pleased to announce that both the special resolution to approve
the Tender Offer and the ordinary resolution to approve the Share
Consolidation were duly passed by the requisite majority of Ascential's
shareholders. The results of the votes are shown in the table below and will
also be available on Ascential's website.

 Resolution                          Votes For                 Votes Against              Total Votes Cast                                 Votes withheld

(Excluding votes withheld)
                                     Number of shares  %       Number of shares  %        Number of shares  % of relevant shares in issue  Number of shares
 To approve the Tender Offer         253,338,869       98.55   3,722,170         1.45     257,061,039       57.67%                         2,696
 To approve the Share Consolidation  257,055,292       100.00  5,746             0.00     257,061,038       57.67%                         2,697

 

The total voting rights of Ascential as at 6:30 p.m. (U.K. time) on 18 April
2024, the time by which shareholders wanting to attend, speak and vote at the
General Meeting were required to be entered on Ascential's register of
members, was 445,765,527 ordinary shares of 1 pence each. Ascential does not
hold any shares in treasury.

Any vote that gave the Chairman discretion has been included in the 'For'
votes. A vote withheld is not a vote in law and is not counted towards the
votes cast 'For' or 'Against' a resolution.

In accordance with Listing Rule 9.6.2R, a copy of the resolutions will shortly
be available for inspection at the National Storage Mechanism document viewing
facility at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

Contact Information

 Ascential plc

 Philip Thomas    Chief Executive Officer       +44 (0)20 7516 5000

 Mandy Gradden    Chief Financial Officer

 Rory Elliott     Investor Relations Director
 Media enquiries

 Matt Dixon       FTI Consulting LLP            +44 (0)20 3727 1000

 Jamie Ricketts

 Edward Bridges

 

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