TIDMHSTN

RNS Number : 6128K

Hansteen Holdings plc

11 April 2018

11 April 2018

HANSTEEN HOLDINGS PLC

("Hansteen" or, the "Company")

Proposed Return of GBP145 million of Capital

(representing 35 Pence per Ordinary Share)

Announcement of the General Meeting poll results 11 April 2018

Hansteen, the industrial property investor, announces that at its General Meeting held today, the sole resolution (a Special Resolution) set out in the Notice of the Meeting in relation to the proposed reduction of the Company's share premium account and cancellation of the Company's capital redemption reserve by an aggregate amount of c. GBP145 million, and payment of such amount to the Shareholders as a Return of Capital, representing 35 pence per Ordinary Share, was passed by Shareholders by way of poll. As described in the Circular to Shareholders dated 20 March 2018, the Reduction and Return of Capital remain subject to confirmation of the Court.

The results of the poll for the sole resolution were as follows:

 
 Resolution         Shares        %        Shares     %        Shares Marked 
  (No. as noted      For                    Against             As Votes 
  on proxy form)                                                Withheld 
                                                                / Abstentions 
-----------------  ------------  -------  ---------  -------  --------------- 
 1. To approve 
  the Return 
  of Capital        310,764,846   99.99%   40,438      0.01%    547,551 
-----------------  ------------  -------  ---------  -------  ---------------

Notes:

   1.   Votes "For" and "Against" are expressed as a percentage of votes received.

2. A vote "withheld" is not a vote in law and is not counted in the calculation of the % of shares voted "For" or "Against" a resolution.

3. Total number of shares in issue at close of business on 9 April 2018 was 412,946,995 ordinary shares. Excluding votes withheld, up to 75.27% of voting capital was instructed.

4. These proxy results will be available shortly on the Company's website at www.hansteen.co.uk

EXPECTED TIMETABLE OF EVENTS

 
 Court Hearing                             1 May 2018 
 Record Date for Return of Capital       6.00 p.m. on 
                                           2 May 2018 
 Ordinary Shares commence trading        8.00 a.m. on 
  ex-entitlement to Return of              3 May 2018 
  Capital 
 Registration of Court Order               3 May 2018 
  and Effective Date of Return 
  of Capital 
 Despatch of cheques to Shareholders     On or around 
  or Shareholders' CREST accounts         11 May 2018 
  credited (as appropriate) in 
  respect of Return of Capital 
  entitlements

Enquiries:

 
 Hansteen Holdings PLC                   Tel: +44 (0) 
  Morgan Jones                            20 7408 7000 
  Ian Watson 
 Peel Hunt (Financial Adviser, Sponsor   Tel: +44 (0) 
  and Broker)                             20 7418 8900 
  Capel Irwin 
 Tavistock                                Tel: +44 (0) 
  Jeremy Carey                            20 7920 3150 
  Kirsty Allan

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

April 11, 2018 09:34 ET (13:34 GMT)

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