Bristol & West PLC Results of the General Meetings (1746X)

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RNS Number : 1746X

Bristol & West PLC

18 December 2023

18 December 2023

BRISTOL & WEST PLC

( "Bristol & West" or the "Company")

Results of the General Meetings

On 24 November 2023 Bristol & West published a circular to Shareholders (the "Circular") containing notices for General Meetings of Preference Share Holders and of all Shareholders of the Company . Shareholders were asked to vote on special resolutions proposing the adoption of amended articles of association (the "Amended Articles") in connection with the proposed winding up of the Company through a members' voluntary liquidation process (the "Liquidation"). Capitalised terms used but not defined in this announcement have the meanings given to them in the Circular, unless the context requires otherwise.

Bristol & West is pleased to announce that the requisite majorities of Preference Share Holders and of all Shareholders voted to approve the special resolutions in favour of the Amended Articles. Accordingly, Bristol & West has now adopted the Amended Articles.

A shareholder meeting of the sole ordinary shareholder of Bristol & West will be convened on or about 27 December 2023 (the "Ordinary Shareholder General Meeting"), at which a resolution for the Company to enter a members voluntary liquidation and appoint liquidators will be formally proposed (the "MVL Resolution"). Preference Share Holders are not entitled to attend the Ordinary Shareholder General Meeting or vote on the MVL Resolution.

Once Bristol & West has entered Liquidation, no more dividends will be paid on the Preference Shares. As described in the Circular, Preference Share Holders will be entitled to a Liquidation Distribution in accordance with the Amended Articles. Upon completion of the Liquidation, the Company will cease to exist.

The cancellation of the listing of the Preference Shares on the Official List of the Financial Conduct Authority and the cancellation of trading on the Main Market of the London Stock Exchange will occur at 8.00 a.m. (London time) on 27 December 2023 as previously announced.

Voting results for the Preference Share Holder General Meeting

The table below sets out the results of the poll at the Preference Share Holder General Meeting held on 18 December 2023. Each Preference Share Holder present in person or by proxy was entitled to one vote per Preference Share held at the time of voting (the "Voting Record Time").

 
                             FOR              AGAINST       TOTAL    WITHHELD* 
                        Number      %**    Number    %**    Number      %** 
      Resolution 
                     -----------  ------  --------  -----  -------  ---------- 
    Approval of 
  Amended Articles 
   of Association     19,815,350   98.15   372,801   1.85   34,676      N/A 
                     -----------  ------  --------  -----  -------  ---------- 
 

* A vote withheld is not a vote in law and, accordingly, is not counted in the calculation of the proportion of votes "For" nor "Against" the Resolution.

** All percentages have been rounded to two decimal places.

Voting results for the All Shareholder General Meeting

The table below sets out the results of the poll at the All Shareholder General Meeting held on 18 December 2023. Each Shareholder present in person or by proxy was entitled to one vote per Share held at the Voting Record Time.

 
                             FOR              AGAINST       TOTAL    WITHHELD* 
                        Number      %**    Number    %**    Number      %** 
      Resolution 
                     -----------  ------  --------  -----  -------  ---------- 
    Approval of 
  Amended Articles 
   of Association     19,836,444   98.38   325,780   1.62   12,391      N/A 
                     -----------  ------  --------  -----  -------  ---------- 
 

*A vote withheld is not a vote in law and, accordingly, is not counted in the calculation of the proportion of votes "For" nor "Against" the Resolution.

**All percentages have been rounded to two decimal places.

A copy of the Circular is available at www.linkgroup.eu/bristolandwest .

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December 18, 2023 08:11 ET (13:11 GMT)