RNS Number : 7429S
Economic Lifestyle Prop Inv Co Ltd
24 November 2011
For release on 24 November 2011
Economic Lifestyle Property Investment Company Limited
Results of the Extraordinary General Meeting and Tender Offer
Economic Lifestyle Property Investment Company Limited (the "Company") announces that at the Extraordinary General Meeting of the Company held today the two resolutions, to authorise the Company to make the Tender Offer and to approve the waiver by the Panel on Takeovers and Mergers of any obligation by Timothy Emmott to make a general offer pursuant to Rule 9 of the City Code, were duly passed.
A total of 9,873,217 shares were validly tendered under the Tender Offer. All the shares tendered to Matrix will be purchased by the Company and cancelled. Further to the cancellation the Company will have 13,841,721 shares in issue being the Company's total voting rights. This figure should be used by Shareholders as the denominator for the calculations to determine whether they are required to notify their interests in the Company.
The Directors have not tendered any of their shares. Following the cancellation, the Directors' interests in the revised issued share capital of the Company will be as follows.
Director No. of Shares Percentage
Colin Laird Walker-Robson 300,000 2.17%
Timothy John Emmott - beneficial 4,690,500 33.89%
Timothy John Emmott - non-beneficial 507,000 3.66%
John Kevin Farrell 2,600,000 18.78%
Alison Jayne Simpson - -
It is expected that cheques and balancing share certificates will be despatched and payments through CREST accounts will be made in the week commencing 28 November 2011.
Matrix Corporate Capital
Paul Fincham / Robert Naylor Tel: 020 3206 7000
This information is provided by RNS
The company news service from the London Stock Exchange