REG - Reach PLC - Result of General Meeting

ReachAnnouncement

15/11/2023 13:30

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RNS Number : 5826T  Reach PLC  15 November 2023

15 November 2023

Reach plc

 

Results of General Meeting

 

On 10 October 2023, Reach plc (the "Company") announced that it was proposing
to undertake a capital reduction of the Company's share premium account (the
"Capital Reduction"). The Capital Reduction was subject, inter alia, to
approval by Shareholders at a General Meeting. In accordance with the
arrangements announced on 20 October 2023, the General Meeting of the Company
was held today at 10:00am at Norton Rose Fulbright LLP's Offices, 3 More
London Riverside, London, SE1 2AQ.

 

All valid proxy votes (whether submitted electronically or in hard copy form)
were included in the poll taken at the meeting. Resolution 1 was passed as a
special resolution. The results of the poll are set out below.

 

                                                                                     VOTES        %      VOTES     %     VOTES        % of ISC VOTED  VOTES

FOR
AGAINST
CAST
WITHHELD
 1   THAT, subject to the confirmation of the High Court of Justice in England and   247,650,410  99.98  53,581    0.02  247,703,991  77.90           28,760
     Wales, the balance standing to the credit of the share premium account of the
     Company be cancelled.

 

 

Notes:

 

1.   A "vote withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "for" and "against" a resolution.

2.   The issued share capital figure used to calculate the percentage voted
is 317,974,385. This is the figure as at the close of business on 13 November
2023 and excludes the number of ordinary shares held in treasury at that date.

 

The Company will now apply to the Court for confirmation of the Capital
Reduction. The Capital Reduction will only become effective if the Court
confirms the Capital Reduction and the order of the Court confirming the
Capital Reduction is delivered to, and registered by, the Registrar of
Companies in England and Wales.

 

In accordance with Listing Rule 9.6.3R of the UK Financial Conduct Authority
(FCA), a copy of the resolutions passed as Special Business at the General
Meeting have been submitted to the UK Listing Authority and will be available
for public inspection at the National Storage Mechanism (NSM)
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

 Enquiries
 Reach plc
 Jim Mullen, Chief Executive Officer           020 7293 3000

 Darren Fisher, Chief Financial Officer

 Lorraine Clover, Group Company Secretary

 Teneo
 Giles Kernick / David Allchurch               020 7353 4200

 LEI: 213800GNI5XF3XOATR61

 Classification: 3.1 Additional Information

 

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