TIDMFUTR
RNS Number : 7568V
Future PLC
01 February 2017
Future plc
1 February 2017
FUTURE PLC
Result of Annual General Meeting and Completion of Share
Consolidation
Result of Annual General Meeting
Future plc (LSE: FUTR), the international media group and
leading digital publisher, can announce that all resolutions put to
its Annual General Meeting today were duly passed on a show of
hands. The proxy figures for the resolutions proposed were as shown
below.
All of the resolutions put to the meeting related to Ordinary
business.
The Company's Annual Report 2016 (which includes the Notice
calling today's Annual General Meeting on pages 79 to 83) is
available on the Company's website, www.futureplc.com, and on
request to the Company's registered office at Quay House, The
Ambury, Bath BA1 1UA or by email:
investor.relations@futurenet.com.
Appendix - Proxy results:
Resolution Shares For Shares Discretionary Shares Against %age Shares Poll
No (as noted for Yes/No
on the Notice)
1 388,989,695 6,178 16,512 99.99 No
2 278,679,303 25,978 175,348 99.93 No
3 278,679,452 25,978 174,680 99.93 No
4 380,553,040 6,478 8,800 100.00 No
5 270,421,265 6,278 8,452,867 96.97 No
6 388,983,356 6,278 22,751 99.99 No
7 388,989,076 6,278 16,512 99.99 No
8 389,001,387 6,278 4,720 100.00 No
9 388,996,587 6,278 9,520 100.00 No
10 380,922,609 6,858 8,082,918 97.92 No
11 372,468,067 6,858 16,537,460 95.75 No
12 388,833,207 7,058 161,124 99.96 No
13 380,758,102 6,858 8,240,136 97.88 No
14 388,971,193 6,858 33,815 99.99 No
15 388,971,703 7,058 22,849 99.99 No
16 388,984,415 7,058 20,912 99.99 No
17 388,976,800 7,058 16,712 99.99 No
18 388,977,000 7,058 16,512 99.99 No
Completion of Share Consolidation
Following the above announcement that all resolutions proposed
at the Company's AGM have been duly passed by shareholders, the
Company confirms that the 548,463,450 ordinary shares of one pence
each in the Company will be consolidated into 36,564,230 new
ordinary shares of fifteen pence each with a new ISIN of
GB00BYZN9041 and SEDOL of BYZN904 ("Ordinary Shares") with effect
from 2 February 2017 (the "Consolidation"). Such Ordinary Shares
have the same rights and are subject to the same restrictions as
ordinary shares in issue prior to the consolidation.
The total number of voting rights in the Company following the
Consolidation shall be 36,564,230.
On 2 February 2017, CREST Shareholders' accounts will be
credited with the new Ordinary Shares to which they are entitled
under the Consolidation as at 6pm on 1 February 2017, being the
record date of the Consolidation.
New share certificates will be issued to Non-CREST Shareholders
in substitution for their existing share certificates. All existing
share certificates will be invalid and will be cancelled and new
share certificates are expected to be dispatched to those
Shareholders who held their shares in certificated form, on or
around 9 February 2017.
Unless a Shareholder's entitlement is for an exact number of
Ordinary Shares, a right to a fractional entitlement of a Ordinary
Share would theoretically arise following the Consolidation. For
example a shareholder having 1000 ordinary shares prior to the
Consolidation would, after the Consolidation, as well as receiving
66 Ordinary Shares, be entitled to a fractional entitlement of 0.66
of an Ordinary Share.
Fractional entitlements arising from the Consolidation will be
aggregated and sold in the market and, following the passing of
resolution 17 at the AGM the net proceeds will be donated to a
charity designated by the board of directors of the Company.
Save for any adjustment resulting from the fractional
entitlements, all shareholders will retain the same percentage
interest in the Company post consolidation as previously held.
Enquiries:
Penny Ladkin-Brand,
Chief Financial Officer & Company Secretary Tel: 0207 042 4000
Future plc
This information is provided by RNS
The company news service from the London Stock Exchange
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