Business
Result of Tender Offer
Result of Tender Offer.
About this update from Grainger Plc
[{"type":"text","content":"\n \nRNS Number : 3654I Grainger PLC 14 June 2011 \n \n\n \n \nTHE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \n \n14 June 2011\n \nGrainger plc (\"Grainger\"/ the \"Company\")\n \nRESULTS OF GENERAL MEETING AND TENDER OFFER\n \n \nThe Company is pleased to announce that the special resolution to approve the Tender Offer, was passed at the General Meeting of Grainger held yesterday, 13 June 2011, at 12.00pm at the Company's offices at 161 Brompton Road, London SW3 1QP. \n \nA total of 230,856,328 votes were cast in favour of the resolution (representing 95.1% of proxies received), while 11,947,734 votes were cast against (representing 4.9% of proxies received) and 8,308,925 votes were withheld. A summary of the proxy voting will also be published in the Investor Relations, Shareholder Information, General Meetings section of the Company's website at www.graingerplc.co.uk. \n \nThe Company is also pleased to announce that pursuant to the Company's Tender Offer, as described in the Circular to Qualifying Shareholders dated 27 May 2011, that 1,484,890 Ordinary Shares representing 84.9% of the maximum number of Ordinary Shares proposed by the Board to be purchased under the Tender Offer, were tendered at a price of 149 pence per share and purchased yesterday, 13 June 2011, by the Company for approximately £2.2 million. All 1,484,890 Ordinary Shares purchased by the Company will be held in treasury. \n \nFollowing the Tender Offer, the Company now has 416,362,420 Ordinary Shares in issue, of which 1,506,300 are currently held by the Company in treasury. The number of Ordinary Shares that the Company has in issue, less the total number of Ordinary Shares held by the Company in treasury, is 414,856,120.\n \nThe posting of cheques in respect of certified Ordinary Shares purchased pursuant to the Tender Offer and the crediting of CREST accounts for uncertificated Ordinary Shares purchased pursuant to the Tender Offer are expected to occur by 30 June 2011.\n \nThe dispatch of balance share certificat...