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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Debenhams | LSE:DEB | London | Ordinary Share | GB00B126KH97 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.83 | 1.80 | 1.90 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Debenhams PLC Results of Court Meeting and Debenhams EGM Debenhams plc ("Debenhams" or the "Company") announces that the required majorities of Debenhams Shareholders voted today in favour of the Scheme to implement the acquisition of the Company by Baroness Retail at 470 pence per Debenhams Share. At the Court Meeting, 87.2 per cent. of Scheme Shareholders who voted (either in person or by proxy), representing 99.6 per cent. by value, voted in favour of the Scheme Proposals. At the Debenhams EGM, the necessary resolution was passed as a special resolution with 99.5 per cent. of shares voting on a poll in favour of the resolution. The number of Debenhams Shareholders present in person at the meetings represented 0.2 per cent. of the total number of Debenhams Shareholders and they held less than 0.2 per cent. of the issued share capital of the Company. Approval of the Scheme required a majority of over 50 per cent. in number of Scheme Shareholders who vote, representing not less than 75 per cent. of the value of the Scheme Shares voted, to vote in favour of the Scheme Proposals at the Court Meeting (either in person or by proxy). In addition, a special resolution had to be passed at the Debenhams EGM to approve and give effect to the Scheme and associated reduction of capital. In order to become effective, the Court must sanction the Scheme at the first hearing scheduled for 28 November, 2003, and subsequently sanction the associated reduction of capital at the second court hearing scheduled for 2 December, 2003. Subject to both Court approvals, the Scheme is expected to become effective on 4 December, 2003. Expected timetable of principal events First Hearing Date (to sanction the Scheme) 28 November* Hearing Record Time 6.00 p.m. on 1 December* Second Hearing Date (to sanction the reduction of capital) 2 December* Last day of dealings in Debenhams Shares 3 December* Scheme Record Time 6.00 p.m. on 3 December* Effective Date of the Scheme 4 December* Delisting of Debenhams Shares 7.30 a.m. on 5 December* Latest date for despatch of cheques 18 December* * These dates are indicative only and will depend, inter alia, on the dates upon which the Court sanctions the Scheme and the associated reduction of capital and whether the conditions of the Revised Offer are either satisfied or waived. Note: the defined words and terms used in this announcement shall have the meanings given to them in the original and revised scheme documents. Enquiries: For Debenhams: Joanna George Debenhams 020 7408 3459 Andrew Grant/Kirstie Hamilton Tulchan Communications 020 7353 4200 For Baroness Retail: Sue Pemberton/Chris Barrie Citigate Dewe Rogerson 020 7638 9571
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