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RNS Number : 4446A

Unitech Corporate Parks Plc

22 December 2014

For release on 22 December 2014

UNITECH CORPORATE PARKS PLC

(the 'Company')

Result of Shareholder Meetings and Board Change

The Board of the Company announces that at the Annual General Meeting (the 'AGM') held earlier today, other than resolution 3, all resolutions set out in the circular to shareholders dated 28 November 2014 (the 'Circular') were duly passed. Resolution 3, to re-elect Ajay Chandra, was not passed.

The Board also announces that at the Extraordinary General Meeting ('EGM') held immediately after the AGM, the resolution to approve the proposed return of GBP177.3 million in cash to Shareholders by way of the B Share Scheme, as set out in the Circular, was duly passed as a composite special resolution.

In respect of the AGM, a summary of the votes cast in respect of each of the resolutions proposed is as follows:

 
                           Votes in favour*     Votes against*       Percentage 
                                                                      of issued 
                                                                   shares voting** 
------------------------  ------------------  ------------------  ---------------- 
                              No.        %        No.        %           % 
                             shares              shares 
------------------------  -----------  -----  -----------  -----  ---------------- 
 1. Adopt 2014 accounts   243,232,237  96.28   9,394,913   3.72         70.17 
------------------------  -----------  -----  -----------  -----  ---------------- 
 2. Re-elect Donald 
  Lake                    252,622,150  99.99     5,000     0.002       70.17 
------------------------  -----------  -----  -----------  -----  ---------------- 
 3. Re-elect Ajay 
  Chandra                 93,726,725   37.1   158,900,425  62.9        70.17 
------------------------  -----------  -----  -----------  -----  ---------------- 
 4. Re-elect Nicholas 
  Sallnow-Smith           252,622,150  99.99     5,000     0.002       70.17 
------------------------  -----------  -----  -----------  -----  ---------------- 
 5. Re-elect John 
  Sleeman                 252,622,150  99.99     5,000     0.002       70.17 
------------------------  -----------  -----  -----------  -----  ---------------- 
  6. Re-elect Mohammad 
   Khan                   243,232,237  96.28   9,394,913   3.72        70.17 
------------------------  -----------  -----  -----------  -----  ---------------- 
 7. Re-appoint KPMG 
  LLC                     252,622,150  99.99     5,000     0.002       70.17 
------------------------  -----------  -----  -----------  -----  ---------------- 
 

* The "in favour" and "against" votes, where appropriate, include those votes giving the Chairman discretion

** Total number of shares amounted to 360,000,000

In respect of the EGM, the composite resolution to: (i) adopt new Articles of Association in substitution for, and to the exclusion of, the Current Articles; (ii) vary or abrogate the ordinary shares in the Company to the extent required as a result of the creation and allotment of the B Shares (as this is defined in the New Articles); and (iii) approve the B Share Scheme, was passed with 252,310,914 votes in favour, nil votes against and 5,000 votes withheld.

All terms used and not defined in this announcement shall have the meaning given in the Circular dated 28 November 2014.

For further information please contact:

 
 Westhouse Securities Limited                  Tel: +44 (0)20 7601 
                                                6118 
--------------------------------------------  -------------------- 
 Alastair Moreton 
--------------------------------------------  -------------------- 
 
 IOMA Fund and Investment Management Limited   Tel: +44 (0)1624 
                                                681250 
--------------------------------------------  -------------------- 
 Philip Scales 
--------------------------------------------  -------------------- 
 Graham Smith 
--------------------------------------------  -------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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