Communisis PLC Result of General Meeting (7520O)

TIDMCMS

RNS Number : 7520O

Communisis PLC

09 November 2016

9 November 2016

Communisis plc

('Communisis')

(Symbol: CMS)

RESULTS OF A GENERAL MEETING ("GM")

LODGING WITH THE FINANCIAL CONDUCT AUTHORITY OF SPECIAL BUSINESS RESOLUTIONS PASSED AT THE GM

At a General Meeting of the Company today, the Board's recommendation for a capital reduction was approved by an overwhelming majority of shareholders. Subject to the High Court and other necessary approvals, this result will enable the Company to increase its distributable reserves by approximately GBP22.5m and support future dividend payments.

The resolutions were passed on a poll and the results are shown below.

 
 Resolution        Nature of                  For                  Against                       Withheld 
   Number          Resolution 
-----------  ---------------------  -----------------------  ------------------  -------------  ---------  -------- 
                                        Votes        %age      Votes      %age       Total        Votes      %age 
                                                       of                  of         votes                    of 
                                                     votes                votes       cast                    ISC 
                                                      cast                cast                               voted 
-----------  ---------------------  -------------  --------  ---------  -------  -------------  ---------  -------- 
              To: 
               (a) grant 
               the directors 
               of the Company 
               authority 
               to capitalise 
               the Company's 
               merger reserve; 
               (b) to grant 
               the directors 
               of the Company 
               authority 
               to allot 
               B ordinary 
               shares in 
               the capital 
               of the Company; 
               (c) set 
               out the 
               rights and 
               restrictions 
               which shall 
               apply to 
               the B ordinary 
               shares; 
               and 
               (d) disapply 
               statutory 
               pre-emption 
               rights in 
               respect 
               of the allotment 
               of B ordinary 
               shares contemplated 
               by this 
     1         resolution.             88,612,368     99.97     29,250     0.03     88,641,618     36,078     42.34 
-----------  ---------------------  -------------  --------  ---------  -------  -------------  ---------  -------- 
              Approval 
               of a capital 
               reduction 
               by way of: 
               (a) the 
               cancellation 
               of all of 
               the B ordinary 
               shares in 
               issue; 
               (b) the 
               cancellation 
               of the Company's 
               share premium 
               account; 
               and 
               (c) the 
               cancellation 
               of the Company's 
               capital 
               redemption 
     2         reserve.                88,611,133     99.97     29,485     0.03     88,640,618     36,078     42.34 
-----------  ---------------------  -------------  --------  ---------  -------  -------------  ---------  -------- 
 

Notes:

1. Any proxy votes which were at the discretion of the Chairman have been included in the "for" total.

2. The issued share capital as at 9:00 am 7 November 2016 was 209,376,010 ordinary shares of 25p each and the number of votes per share is one. This figure has been used to calculate the percentage of issued share capital voted.

--------------------------------------------------

Both of the resolutions were passed as special resolutions. As required by the Listing Rules, a copy of all the resolutions passed, other than those concerning ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

The form of each of the above resolutions as passed accords with the corresponding item on the Notice of General Meeting which is available for viewing or downloading from the Company's website www.communisis.com/investors. A copy of any or all of the resolutions may be obtained by writing to the Company Secretary at the Registered Office: Communisis plc, Communisis House, Manston Lane, Leeds LS15 8AH.

Sarah Caddy

Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 09, 2016 06:18 ET (11:18 GMT)