REG - IP Group PLC - Result of Meeting <Origin Href="QuoteRef">IPO.L</Origin>

IPAnnouncement

10/08/2017 17:10

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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