Business
Result of Meeting
Result of Meeting.
About this update from Chesnara Plc
[{"type":"text","content":"\n \nRNS Number : 4705S Chesnara PLC 07 November 2013 \n \n\nResult of General Meeting\nChesnara plc\n7 November 2013\n \nChesnara plc \nAcquisition of Direct Line Life Insurance Company Limited\nANNOUNCEMENT OF RESULT OF GENERAL MEETING\nFollowing the publication on 22 October 2013 of a \"Class 1\" circular for the purposes of Chapter 10 of the Listing Rules (the \"Circular\") in connection with acquisition of the entire issued share capital of Direct Line Life Insurance Company Limited from Direct Line Insurance Group plc, for a total consideration of £39.3 million (the \"Acquisition\"), Chesnara plc (\"Chesnara\") announces that the resolution proposed in connection with the approval of the Acquisition was passed by Chesnara's shareholders at the General Meeting (\"GM\") held earlier today. \nThe resolution proposed at the GM was carried on a show of hands.\nDetails of the proxy voting in respect of the resolution was\nFor 60,555,228 votes 99.99%\nAgainst 2,155 votes 0.01%\nAbstain 171,532 Votes\n \nCompletion of the Acquisition, which remains subject to Prudential Regulation Authority approval, is expected to take place on or before 31 December 2013.\nFor further enquiries, please contact: \nChesnara plc \nGraham Kettleborough, CEO \nTel: +44 (0) 7799 407519 \nPress \nRoddy Watt - Newgate Threadneedle Limited\nTel: +44 (0)207 653 9855\nNotes to editors:\n \nChesnara plc ('Chesnara'), which listed on the London Stock Exchange in May 2004, is the owner of Countrywide Assured plc ('CA') and Movestic Livförsäkringar AB ('Movestic').\n \nCA is a UK life assurance subsidiary that is closed to new business. In June 2005 Chesnara acquired a further closed life insurance company - City of Westminster Assurance - for £47.8m. With effect from 30 June 2006, CWA's policies and assets were transferred into CA plc. Save & Prosper Insurance Limited and its subsidiary, Save & Prosp...