MJH Mj Hudson Group Plc

TIDMMJH

RNS Number : 3458Y

MJ Hudson Group PLC

04 May 2023

4 May 2023

MJ Hudson Group Plc

("MJH" or the "Company")

Results of Extraordinary General Meeting

MJ Hudson Group plc (AIM: MJH), announces that all three of the resolutions ("Resolutions") put to shareholders at the Company's General Meeting held yesterday were duly passed.

The votes received in respect of each of the Resolutions were as follows:

 
 Resolution                                For         %      Against     % 
 1 - To approve the disposal 
  of the Data & Analytics (which 
  includes the Company's Investment 
  Advisory business) and Business 
  Outsourcing Divisions (the 
  "Disposal")                          139,490,897   97.87   3,031,922   2.13 
                                      ------------  ------  ----------  ----- 
 2 - To approve the cancellation 
  of the admission of the Ordinary 
  Shares to trading on AIM (the 
  "Cancellation")                      139,312,904   97.59   3,435,140   2.41 
                                      ------------  ------  ----------  ----- 
 3 - To approve certain amendments 
  to the articles of association 
  of MJ Hudson Group plc               139,419,488   97.84   3,082,351   2.16 
                                      ------------  ------  ----------  ----- 
 

Resolution 1 was proposed as an ordinary resolution. This means that, for this resolution to be passed, more than half of the votes cast (whether in person or by proxy) had to be in favour of such resolution.

Resolution 2 was proposed as a 'shareholder consent' resolution and, under the requirements of the AIM Rule 41 and article 52.2 of the Company's articles of association, this means that for this resolution to be passed, 75 per cent. or more of the votes cast had to be in favour of such resolution.

Resolution 3 was proposed as a special resolution which means that for this resolution to be passed, two thirds or more of the votes cast had to be in favour of such resolution.

Following the Company's General Meeting, Mark Pattimore and Odi Lahav have resigned as Company directors with immediate effect.

Following the passing of the Resolutions, the Company will continue to work to fulfil the other conditions to completion of the Data & Analytics Sale and it will complete following the fulfilment or waiver of the last condition. It is expected that this will occur before the end of May.

The Business Outsourcing Sale is split into four separate parcels of corporate entities, being the Guernsey parcel, the Jersey parcel, the Irish parcel and the Luxembourg parcel. The sale of each of these parcels within the Business Outsourcing Sale is subject to obtaining the Regulatory Consents relevant to that parcel and the relevant regulator not imposing adverse conditions on such Regulatory Consents .

The Cancellation was expected to occur one business day after completion of the Data & Analytics Sale and so had originally been scheduled for 12 May 2023 . Given the Company now expects a short delay to completion of the Data and Analytics Sale, the timetable for the Cancellation cannot be finalised at this time but is expected to occur before the end of May. In accordance with AIM Rule 41, the Company will agree such date for Cancellation with the London Stock Exchange and update shareholders with a further announcement.

To facilitate future shareholder transactions in the Company, the Company will look to provide a matched bargain facility, although there is no guarantee that such facility can be put in place. Further details will be provided at the point of the cancellation of the admission of the Company's shares to AIM and on the Company's website.

For further information, please contact:

MJ Hudson Group plc

Geoff Miller, Executive Chairman

Cenkos Securities plc (Nomad and Broker)

Giles Balleny

Stephen Keys

Callum Davidson

+44 20 7397 8900

Buchanan (PR Adviser)

Chris Lane

Jack Devoy

+44 20 7466 5000

mjhudson@buchanan.uk.com

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END

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May 04, 2023 02:00 ET (06:00 GMT)

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