REG - Caledonia Investmnts - Result of Meeting

Caledonia InvestmentsAnnouncement

18/12/2024 17:00

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RNS Number : 6438Q  Caledonia Investments PLC  18 December 2024

Caledonia Investments plc

 

Result of General Meeting

 

Caledonia Investments plc (the "Company") held a general meeting ("GM") on
Wednesday 18 December 2024 at 2.00 pm. All valid proxy votes (whether
submitted electronically or in hard copy form) were included in the poll taken
at the meeting.

 

All resolutions were passed by shareholders. The full text of each resolution
considered at the GM is contained in the circular to shareholders
incorporating the notice of the GM, which is available on the Company's
website at www.caledonia.com.

 

The results of the poll for each resolution is set out below.

 

 Resolution                                                                              Votes For (including discretionary)((1))      Votes Against((1))                      Total Votes Cast                            Votes Withheld((2))

                                                                                         ( )
         Number of shares                                                                % of votes             Number of shares       % of votes  Total number of votes cast  % of total voting rights  Number of shares
 1       To grant the Company authority to make market purchases of its own shares((3))  37,083,581             99.11                  331,833     0.89                        37,415,414                69.77             10,757
 2       To approve the waiver of the mandatory offer provisions set out in Rule 9 of    10,106,332             83.40                  2,012,107   16.60                       12,118,439                22.60             91,022
         the City Code on Takeovers and Mergers in relation to the Cayzer Concert
         Party((4))

( )

 ((1))  Votes "for" and "against" are expressed as a percentage of the total votes
        cast.
 ((2))  A "withheld" vote is not a vote in law and is not counted in the calculation
        of the proportion of votes "for" or "against" a

        resolution.
 ((3))  Special resolution requiring a 75% majority.
 ((4))  As required by The City Code on Takeovers and Mergers, members of the Cayzer
        family concert party were not eligible to

        vote on this resolution.

( )

The Company had 53,626,438 ordinary shares of 5p each with voting rights in
issue as at 2.00 pm on Monday 16 December 2024, being the deadline for receipt
of validly completed proxy forms by the Company's registrar, and as at the
date of the GM.  No ordinary shares were held in treasury.

 

In accordance with Listing Rule 6.4.2R, copies of both resolutions will be
submitted to the National Storage Mechanism and will shortly be available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Commenting on the meeting, David Stewart, Caledonia's Chair, said:

 

"The board believes that it is in the best interests of the Company and its
shareholders to ensure that it can continue to make market purchases of its
shares which, at the current discount, are accretive to NAV per share. The
shareholder approvals received at today's general meeting enable us to retain
this optionality."

 

Enquiries:

 

 Company contacts

 Caledonia Investments plc  +44 20 7802 8080
 Richard Webster

 Company Secretary

 Media contacts

 Teneo                      +44 20 7353 4200
 Tom Murray

 Robert Yates

 caledonia@teneo.com

 

END

 

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