Utilico Emerging Markets Limited Result of Scheme Meeting (3352I)

TIDMUEM

RNS Number : 3352I

Utilico Emerging Markets Limited

20 March 2018

20 March 2018

UTILICO EMERGING MARKETS LIMITED

(LEI Number: 213800UYZLSYB84N2H09)

Result of Scheme Meeting

The Board of Utilico Emerging Markets Limited (the "Company") is pleased to announce that, at the Scheme Meeting held earlier today in connection with the recommended proposals for the reorganisation of the Company in order to effect its re-domiciliation to the United Kingdom, Shareholders voted in favour of the resolution to approve the Scheme.

The voting results in relation to the Scheme Meeting were as follows:

 
                      Number   % of Shareholders        Number   % of Shares        Number of 
             of Shareholders           who voted     of Shares         voted     Shares voted 
                   who voted                             voted                      as a % of 
                                                                                Total Shares* 
---------  -----------------  ------------------  ------------  ------------  --------------- 
 For                      26               96.30   123,284,946         99.99            52.57 
---------  -----------------  ------------------  ------------  ------------  --------------- 
 Against                   1                3.70        11,688          0.01             0.01 
---------  -----------------  ------------------  ------------  ------------  --------------- 
 Total                    27              100.00   123,296,634        100.00            52.58 
---------  -----------------  ------------------  ------------  ------------  --------------- 
 

* The total number of Shares in issue at the Scheme Meeting Record Date was 234,508,636.

Implementation of the Scheme is conditional on, inter alia, the Scheme being sanctioned by the Court, a copy of the Court order being delivered to the Registrar of Companies in Bermuda for registration and Admission of the UEM Trust Shares to be issued pursuant to the Scheme.

The expected timetable of principal events is as follows:

 
                                                                                                                  2018 
 Scheme Record Date                                                                              6.00 p.m. on 27 March 
 Suspension of Ordinary Shares                                                                   7.30 a.m. on 28 March 
 Court hearing to sanction the Scheme                                                                         28 March 
 Scheme Effective Date                                                                                        28 March 
 Listing hearing to consider the application for Admission                                                    29 March 
 of the UEM Trust Shares 
 Date on which the Scheme is implemented and Admission and                                                     3 April 
 unconditional dealings in UEM Trust 
 Shares commence 
 Crediting of CREST accounts in respect of the UEM Trust                                                       3 April 
 Shares issued pursuant to the Scheme 
 Share certificates in respect of UEM Trust Shares issued        the week commencing 2 April or as soon as practicable 
 in certificated form despatched by                                                                         thereafter 
 post 
 

Notes:

   1)    Unless otherwise stated, all references to times in this document are to London times. 

2) All times and dates in the Expected Timetable and in this document (where permitted by law) may be subject to adjustment. Any changes to the Expected Timetable set out above will be notified through an RIS.

Terms used and not defined in this announcement bear the meaning given to them in the Circular.

Name of contact and telephone number for enquiries:

   ICM Investment Management Limited                       01372 271486 

Charles Jillings / Alastair Moreton

This information is provided by RNS

The company news service from the London Stock Exchange

END

ROMJMMATMBMTBAP

(END) Dow Jones Newswires

March 20, 2018 11:07 ET (15:07 GMT)