Punch Taverns PLC Shareholder approval of restructuring proposals (9454R)

TIDMPUB

RNS Number : 9454R

Punch Taverns PLC

17 September 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

PUNCH TAVERNS PLC

("Punch")

Shareholder approval of the restructuring proposals

Punch announces that all of the resolutions to approve the restructuring proposals set out in the combined circular and prospectus dated 18 August 2014 were passed by shareholders at a General Meeting held earlier today.

Details of the number of shares in respect of which proxy appointments were made and the proxy votes cast for, against and withheld for each resolution which was put to the General Meeting are set out at the end of this announcement.

Copies of the resolutions passed by shareholders will be submitted to the National Storage Mechanism and will shortly be able to be viewed and downloaded at www.morningstar.co.uk/uk/NSM.

Meetings of noteholders in the Punch A and Punch B securitisations to approve the restructuring proposals are also taking place today. A further announcement will be made once these meetings have concluded.

17 September 2014

 
 Enquiries: 
  Punch Taverns plc               Tel: 01283 501 948 
 Stephen Billingham, Executive 
  Chairman 
 Steve Dando, Finance Director 
 Brunswick                        Tel: 020 7404 5959 
  Jonathan Glass, Mike Smith

Disclaimer

This announcement is not intended to and does not constitute or form part of any offer to sell or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the proposals set out herein or otherwise, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor or be considered a recommendation that any investor should subscribe for or purchase or invest in any securities.

The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 as amended (the "Securities Act") or under any U.S. state securities laws and may not be offered or sold within the United States unless any such securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act and any applicable state laws is available.

DETAILS OF PROXY VOTES FOR THE GENERAL MEETING HELD ON 17 SEPTEMBER 2014

For resolutions decided on a show of hands, the following levels of proxy appointments and associated instructions were received prior to the meeting(1) :

 
                        For               Against          Discretion        Total shares        Withheld 
                                                                                 voted             Shares 
-------------  --------------------  -----------------  ---------------  --------------------  ------------ 
  Resolution      Shares        %      Shares      %     Shares     %       Shares      %(1) 
-------------  ------------  ------  ----------  -----  --------  -----  ------------  ------  ------------ 
      1 
   Ordinary 
  Resolution    594,338,858   99.79   1,161,798   0.20   107,507   0.01   595,608,163   89.46   855,053 
-------------  ------------  ------  ----------  -----  --------  -----  ------------  ------  ------------ 
      2 
   Ordinary 
  Resolution    470,306,912   99.10   4,152,750   0.88   107,759   0.02   474,567,421   71.28   121,895,795 
-------------  ------------  ------  ----------  -----  --------  -----  ------------  ------  ------------ 
      3 
   Ordinary 
  Resolution    514,897,624   99.18   4,157,018   0.80   107,759   0.02   519,162,401   77.98   77,300,815 
-------------  ------------  ------  ----------  -----  --------  -----  ------------  ------  ------------ 
      4 
   Ordinary 
  Resolution    594,318,217   99.78   1,174,379   0.20   107,754   0.02   595,600,350   89.46   862,866 
-------------  ------------  ------  ----------  -----  --------  -----  ------------  ------  ------------ 
      5 
    Special 
  Resolution    594,305,188   99.78   1,194,421   0.20   107,754   0.02   595,607,363   89.46   855,853 
-------------  ------------  ------  ----------  -----  --------  -----  ------------  ------  ------------ 
      6 
    Special 
  Resolution    594,299,920   99.78   1,199,489   0.20   107,754   0.02   595,607,163   89.46   856,053 
-------------  ------------  ------  ----------  -----  --------  -----  ------------  ------  ------------

Notes to the Disclosure:

1. Total shares voted as a percentage of Punch's total issued share capital (665,806,022 shares).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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