TIDMHRO

RNS Number : 3471C

H.R. Owen PLC

14 March 2014

14 March 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

H.R. Owen Plc

Result of General Meeting

Cancellation of admission to the Official List and to trading on London Stock Exchange's main market

H.R. Owen Plc ("H.R Owen" or the "Company") announces that, at the General Meeting held earlier today, the resolution to cancel the Company's admission to the Official List and to trading on the London Stock Exchange's main market for listed securities ("De-Listing") was duly passed.

The resolution was unanimously passed on a show of hands and the shares voted in favour by proxy and at the meeting were as follows:

 
VOTES FOR   % FOR  VOTES AGAINST  % AGAINST  VOTES WITHHELD 
 
17,988,437  100    0              0          0

Accordingly, De-listing is expected to become effective at 8.00 a.m. on Tuesday, 15 April 2014.

Offer from BPI

As set out in the circular to shareholders dated 19 February 2014, BPI is offering Qualifying Shareholders the opportunity to sell their Shares to BPI at 170 pence per Share, being the same price as the Increased Mandatory Cash Offer that BPI made on 12 September 2013 and which the H.R. Owen Board recommended at the time.

The BPI Offer remains open for acceptance to Qualifying Shareholders until 1.00 p.m. (London time) on 14 April 2014. Once the BPI Offer has closed and De-listing has occurred, the liquidity and marketability of Ordinary Shares will be significantly reduced and it is likely that there will be limited opportunities for Shareholders to realise their investments.

Capitalised terms used in this announcement have the same meanings given to them in the circular to shareholders published by the Company on 19 February 2014.

Contacts

H.R. Owen plc (020 7245 1122)

Debbie Hewitt

Charles Stanley Securities (020 7149 6000)

Marc Milmo

Carl Holmes

James Greenwood

Halkin Communications (07904 680 547)

Sara Batchelor

This information is provided by RNS

The company news service from the London Stock Exchange

END

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