Business
Result of General Meeting and Class Meetings
Result of General Meeting and Class Meetings.
About this update from Caffyns Plc
[{"type":"text","content":"\n \nRNS Number : 9393L Caffyns PLC 14 January 2016 \n\n \nCaffyns Plc\n (\"Caffyns\" or the \"Company\")\nResults of General Meeting and Class Meetings\nRedemption Option for holders of First Preference Shares and New Preference Shares\n \nIntroduction\n \nCaffyns, the listed motor dealership operator, is pleased to announce that all of the resolutions set out in the notices of the General Meeting and the Class Meetings contained within the circular to shareholders dated 21 December 2015 (the \"Circular\") were duly passed at the respective General Meeting and Class Meetings held earlier today.\n \nAs a result of the passing of the Resolutions:\n \n· the New Articles of Association, including changes to the voting rights of the First Preference Shares, New Preference Shares and Second Preference Shares and increases in the rate of the annual dividend of the First Preference Shares and the New Preference Shares have been adopted by the Company; and\n \n· the Company has been authorised to purchase up to all of the First Preference Shares and the New Preference Shares pursuant to the Redemption Option. \n \nUnless the context requires otherwise, words and expressions defined in the Circular shall have the same meanings in this announcement.\nResults of the General Meeting and the Class Meetings\n \nThe following tables give details of the votes cast on each of the Resolutions at the General Meeting and the Class Meetings:\n \nGeneral Meeting\n \n\n\n\n\n\n\n\nResolution\n\n\nTotal Votes For\n\n\nTotal Votes Against\n\n\nTotal Votes Withheld\n\n\n\n\n1.\n\n\nThat, subject to obtaining class consent from the holders of each class of share, the articles of association attached to the circular to Shareholders of the Company dated 21 December 2015 (a copy of which was provided to the General Meeting and signed by the chairman of the General Meeting for the purpose of identification) (the \"Circular\") be approved and adopted as the new articles of association of the Company in substitution for and to the entire exclusion of the existing articles of association.\n\n\n3,550,554 (99.7%)\n\n\n10,100\n(0.3%)\n\n\n0\n\n\n\n\n2.\n\n\nThat the Company be and is hereby authorised to make market purchases (within the meaning ...