Result of EGM

 

TIDMDYS 
 
RNS Number : 7930K 
Dyson Group PLC 
26 April 2010 
 

For immediate release 
 
               26 April 2010 
                                Dyson Group plc 
                           ("Dyson" or the "Company") 
                    RESULT OF EXTRAORDINARY GENERAL MEETING 
Dyson announces that at the EGM of the Company held earlier today the Resolution 
to approve the cancellation of the admission of Dyson's Ordinary Shares to the 
Official List and to trading on the London Stock Exchange's main market for 
listed securities was passed by Shareholders. 
 
De-listing is expected to occur at 8.00 a.m. on 27 April 2010. 
 
Full details of the De-listing and the Resolution were set out in the Company's 
circular to Shareholders dated 31 March 2010. 
 
The proxy votes over 18,694,102 Ordinary Shares lodged in respect of the 
Resolution were as follows: 
 
+----------------+------------+-------+-----------+-------+--------+-------+ 
| Resolution     | For                | Against           | Withheld       | 
+----------------+--------------------+-------------------+----------------+ 
|                |  Number    |  %    |  Number   |  %    |Number  |  %    | 
+----------------+------------+-------+-----------+-------+--------+-------+ 
| Special        |17,106,541  | 91.5  |1,586,820  |  8.5  |  741   |  0.0  | 
| Resolution     |            |       |           |       |        |       | 
| Approve the    |            |       |           |       |        |       | 
| De-listing     |            |       |           |       |        |       | 
+----------------+------------+-------+-----------+-------+--------+-------+ 
 
In accordance with Listing Rule 9.6.2, two copies of the Resolution passed at 
the meeting have been submitted to the UK Listing Authority, and will shortly be 
available for inspection at the Document Viewing Facility, which is situated at: 
 
Financial Services Authority 
25 The North Colonnade 
Canary Wharf 
 London 
E14 5HS 
 
Details of the proxy votes received in advance of the meeting will also shortly 
be available on the Company's website, www.dyson-group.com 
 
Update on the Restructuring and Company accounts 
 
The Board continues to progress the Restructuring as described in the circular 
to Shareholders dated 31 March 2010 and the support of Shareholders for the 
De-listing adds to the Board's confidence in achieving a successful outcome. 
Shareholders should however note that the Restructuring remains subject to 
contract (and, in the case of each of the Banks, credit sanction), Takeover 
Panel approval, Shareholder consent for the Restructuring, the formal clearance 
of the Pensions Regulator, the formal approval of the PPF and various pension 
trustees and any other relevant regulatory approvals.  The Restructuring will be 
the subject of a further circular to Shareholders which the Directors intend to 
publish in due course. 
 
In the circular to Shareholders dated 31 March 2010, the Board stated its 
intention to publish the Group's audited accounts for the 18 month period to 30 
September 2009 during April 2010, subject to agreeing the detailed terms of the 
Restructuring.  The detailed terms of the Restructuring were not progressed to a 
sufficiently advanced stage to allow these accounts to be published before the 
end of the month.  However the Board will endeavour to publish the audited 
accounts for the 18 month period to 30 September 2009 as soon as possible.  In 
any event, these accounts will be required for incorporation into the circular 
to Shareholders to be published in relation to the Restructuring. 
 
ENQUIRIES: 
+---------------------------------+---------------------------------+ 
| Dyson Group plc                 |                                 | 
| Christopher Honeyborne,         | Tel: [phone]               | 
| Chairman                        | Tel:  [phone]             | 
| Julian Cooper, Interim CEO      |                                 | 
+---------------------------------+---------------------------------+ 
| Buchanan Communications         | Tel:  [phone]             | 
| Charles Ryland                  |                                 | 
| Catherine Breen                 |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| KBC Peel Hunt Ltd               |                                 | 
| Julian Blunt                    | Tel: [phone]              | 
| Simon Brown                     |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
 
Terms used but not defined in this announcement have the meanings given to them 
in the circular sent by the Company to shareholders dated 31 March 2010 unless 
the context requires otherwise. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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