Business
AGM Statement
AGM Statement.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n \nRNS Number : 7523G Pennant International Group PLC 17 May 2011 \n \n\nPENNANT INTERNATIONAL GROUP PLC\n(AIM: PEN)\n \nResult of AGM and GM\n \nPennant International Group plc (\"Pennant\" or \"the Company\") announces that at the Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed, including a resolution to authorise the directors to make market purchases of up to 15 per cent. of the Company's Ordinary Shares.\n \nAt the General Meeting also held earlier today, independent shareholders passed the resolution, on a poll, to approve the waiver of obligations under Rule 9 of the City Code on Takeovers and Mergers in respect of Christopher Powell, Jennifer Powell and the Powells' Concert Party, as detailed in the Circular dated 8 April 2011, in the event that the Company makes market purchases of its own ordinary shares.\n \nChristopher Powell, Jennifer Powell and the Powells' Concert Party are interested in 10,301,533 Ordinary Shares, representing 38.05 per cent of the Company's voting shares. The authority granted to the Company to make market purchases is over 4,060,814 Ordinary Shares. If the Company were to utilise fully its authority to make market purchases the interests of Christopher Powell, Jennifer Powell and the Powells' Concert Party would represent 44.77 per cent of the Company's voting shares.\n \n\n\n\n\nContacts:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPennant International Group plc\n\n\nwww.pennantplc.co.uk\n\n\n\n\nJohn Waller, Finance Director\n\n\n+44 (0) 1452 714 881\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland Limited\n\n\nwww.wh-ireland.co.uk\n\n\n\n\nMike Coe / Marc Davies\n\n\n+44 (0) 117 945 3470\n\n\n\n\n\n\n\n\n\n\n\n\nWinningtons Financial \n\n\nwww.winningtons.co.uk\n\n\n\n\nPaul Vann / Tom Cooper\n\n\n+44 (0) 117 985 8989\n\n\n\n\n \nPennant International Group plc, based in Cheltenham, England and i...