Business
Result of EGM
Result of EGM.
About this update from Stv Group Plc
[{"type":"text","content":"\n \n\n\n\nSMG plc announces that the resolutions to approve the Tender Offer,\nShare Consolidation and Change of Name proposed at the General\nMeeting held at 10:30am today were duly passed on a show of hands.\n\nTwo copies of the resolutions relating to the special business of the\nMeeting have been submitted to the UK Listing Authority and will\nshortly be available at the UK Listing Authority's Document Viewing\nFacility which is situated at:-\n\nThe Financial Services Authority\n25 The North Colonnade\nCanary Wharf\nLondon E14 5HS\nTel: (020) 7066 1000\n\nDetails of proxy voting instructions, lodged prior to the Meetings,\nare set out below:-\n\n General Meeting\n\nResolution For Discretion Against Withheld\n\n1. THAT, the Company be and 714,885,032 126,607 543,816 16,289\n is hereby generally and\n unconditionally authorised\n in accordance with section\n 166 of the Companies Act\n 1985 to make market\n purchases (within the\n meaning of Section 163(3)\n of the Companies Act 1985)\n of ordinary shares of 2.5\n pence each in the capital\n of the Company, pursuant\n to a tender offer for\n ordinary shares on the\n terms set out or referred\n to in the circular to the\n Company's shareholders\n dated 5 September 2008\n (the \"Circular\"), (a copy\n of which is produced to\n the meeting and signed for\n identification purposes by\n the chairman of the\n meeting), provided that:\n\n (a) the aggregate nominal\n value of ordinary shares\n hereby authorised to be\n acquired shall not exceed\n £8,333,333;\n\n (b) the minimum price\n which may be paid for an\n ordinary share is 9 pence,\n exclusive of all expenses;\n\n\n (c) the maximum price\n which may be paid for an\n ordinary share is 15\n pence, exclusive of all\n expenses; and\n\n (d) this authority expires\n on 31 December 2008, save\n that the Company may\n before the expiry of such\n authority make a contract\n to purchase which will or\n may be executed wholly or\n partly after the expiry of\n such authority and the\n Company may make a\n purchase of such shares\n after such expiry pursuant\n to such contract and all\n shares so purchased in\n pursuance of this\n authority shall be\n cancelled immediately upon\n completion of the purchase\n and the amount of the\n Company's issued share\n capital (but not its\n authorised share capital)\n shall be reduced by the\n nominal ...