Business
Result of Meeting
Result of Meeting.
About this update from Sse Plc
[{"type":"text","content":"\n \nRNS Number : 2168V SSE PLC 19 July 2018 \n\nSSE PLC\nRESULT OF GENERAL MEETING\nWith reference to the Circular published by SSE plc on 27 June 2018 in connection with the proposed demerger of SSE Energy Services and, subject to regulatory approval, subsequent combination of that business with Npower Group Limited under a new holding company ('the new company') to be listed on the Premium Segment of the Main Market of the London Stock Exchange, a General Meeting of the Company took place in Perth today. Both Resolutions, as set out in the Notice of General Meeting, were passed by shareholders on a poll. The table below shows the votes cast on each resolution.\nSSE Chairman Richard Gillingwater said: \n\"I am very pleased that SSE's shareholders have passed the two Resolutions relating to the planned SSE Energy Services transaction, and by such an overwhelming margin. We believe that demerging SSE Energy Services and combining it with npower is the right thing for customers and for the energy market as a whole. \n \n\"It will help create a new market model by combining the resources and experience of two established players with the focus and agility of an independent supplier. We now look forward to satisfying the remaining conditions to allow the transaction to be completed.\"\n \n\n\n\n\n\n\nResolution\n\n\nFor\n\n\n% of votes cast\n\n\nAgainst\n\n\n% of votes cast\n\n\nTotal votes cast\n\n\n% of Issued Share Capital Voted\n\n\nWithheld\n\n\n\n\n1.\n\n\nApprove the special dividend to give\neffect to the Demerger\n \n\n\n668,597,044\n\n\n99.94\n\n\n422,262\n\n\n0.06\n\n\n669,019,306\n\n\n65.90\n\n\n3,456,960\n\n\n\n\n2.\n\n\nApprove the waiver of the obligation on innogy to make a general offer for the new company\n\n\n619,543,477\n\n\n92.62\n\n\n49,395,491\n\n\n7.38\n\n\n668,938,968\n\n\n65.89\n\n\n3,537,231\n\n\n\n \nA copy of the resolutions put to shareholders at the General Meeting has been submitted to the Financial Conduct Authority and will shortly be available for inspection on the National Storage Mechanism (NSM) by accessing the following link: - www.hemscott.com/nsm.do \nNotes:\n1. A vote 'Withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'For' and 'Against' a resolution.\n2. T...