Business
Results of EGM
Results of EGM.
About this update from Mothercare Plc
[{"type":"text","content":"\n Mothercare PLC\n14 June 2007\n\nFOR IMMEDIATE RELEASE\n\n\n\n14 June 2007\n\n MOTHERCARE PLC (THE 'COMPANY')\n\n RESULTS OF EGM\n\n\nAt the Extraordinary General Meeting of the Company held today each of the\nordinary resolutions set out below were passed by shareholders:\n\n\n\n1. THAT, subject to Resolutions 2 and 3 being passed, the proposed\nacquisition of the entire issued and to be issued share capital of Chelsea\nStores Holdings Limited (the 'Proposed Acquisition') pursuant to the Acquisition\nAgreement (as defined in the circular of the Company dated 25 May 2007\naccompanying this notice (the 'Circular')) and the associated and ancillary\narrangements contemplated by the Acquisition Agreement and/or described in the\nCircular be and are hereby approved and that the Directors of the Company (or\nany duly authorised committee thereof) be and are hereby authorised to take all\nsuch steps as may be necessary or desirable in relation thereto and to implement\nthe same with such non-material modifications, variations, revisions, waivers or\namendments as the Directors or any such committee may deem necessary, expedient\nor appropriate.\n\n\n\n2. THAT the authorised share capital of the Company be and is hereby\nincreased from £47,883,706.50 to £52,500,000 by the creation of an additional\n9,232,587 ordinary shares of 50 pence each ranking equally in all respects with\nthe existing ordinary shares of 50 pence each in the capital of the Company.\n\n\n\n3. THAT, subject to Resolution 2 being passed, in addition, and without\nprejudice, to all existing authorities the Directors be and are hereby generally\nand unconditionally authorised in accordance with section 80 of the Companies\nAct 1985 to exercise all the powers of the Company to allot relevant securities\n(within the meaning of that section) up to a maximum aggregate nominal amount of\n£6,944,000 in connection with the Proposed Acquisition. This authority shall\nexpire on the second anniversary of the date on which this Resolution is passed.\n\n\n\n\n\nThe results of the proxies are listed below:\n\n\nResolution Number Proxies For Proxies Proxies Proxies Poll call\n\n Discretionary Against Abstentions/ Yes/No\n Withheld\n 1 47,411,282 29,971 19,231 72,802 No\n 2 47,410,822 32,793 16,484 73,187 No\n 3 46,680,111 32,941 746,754 73,480 No\n\n\nTwo copies of the resoluti...