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| Name | Symbol | Market | Type |
|---|---|---|---|
| Lv Bonds.43 | LSE:51II | London | Bond |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 113.50 | 0 | 01:00:00 |
From Jul 2021 to Jul 2024
TIDM51II
RNS Number : 3364V
LV=
10 December 2021
LV= announces result of the member vote at Members' Meeting
10 December 2021
LV= today announces the results of its Members' Meeting.
This follows the outcome of the vote on the acquisition of the LV= business by Bain Capital at the Special General Meeting earlier today, with the result that the transaction with Bain Capital will no longer proceed.
69% of members voted to approve a Scheme of Arrangement to make a change to Article 14.23 at the Members' Meeting. The required threshold was 75% which means the resolution did not pass and there will be no change to the company's Article 14.23. As a result, the Sanction Hearing booked for 20 December will not now go ahead.
175,460 of the LV='s 1.16 million members voted, with 119,011 members, representing 69% of valid votes cast, voting in support of the Resolution, and 52,251 members representing 31% of valid votes cast, voting against it.
These numbers are subject to final verification, which would not be expected to affect the result.
-Ends-
For further information, please contact:
Jon Sellors (LV=) 07711 701 806 jon.sellors@lv.com Ed Berry (FTI) 07703 330 199 edward.berry@fticonsulting.com Tom Blackwell (FTI) 07747 113 919 tom.blackwell@fticonsulting.com
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END
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(END) Dow Jones Newswires
December 10, 2021 11:33 ET (16:33 GMT)
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