RNS Number : 4187K
McColl's Retail Group plc
01 September 2021
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, CANADA, THE REPUBLIC OF IRELAND, JAPAN, NEW ZEALAND, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION. ANY DECISION TO PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE, SELL OR OTHERWISE DISPOSE OF, ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT MUST BE MADE SOLELY ON THE BASIS OF THE INFORMATION THAT IS CONTAINED IN AND INCORPORATED BY REFERENCE INTO THE PROSPECTUS. COPIES OF THE PROSPECTUS ARE AVAILABLE AT HTTPS://WWW.MCCOLLSPLC.CO.UK

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

1 September 2021

McColl's Retail Group plc

("McColl's", the "Company", or the "Group")

Result of General Meeting held 1 September 2021

The Company announces the results of its General Meeting held earlier today at Ground Floor West, One London Road, Brentwood, Essex, CM14 4QW.

Full details of the Resolutions, together with explanatory notes, are set out in the Company's combined circular and prospectus to Shareholders including the notice of General Meeting dated 13 August 2021 which is available on the Company's website at www.mccollsplc.co.uk.

Resolutions 1, 3, 4 and 5 were proposed as ordinary resolutions, while Resolution 2 was proposed as a special resolution.

The voting was held on a poll and the number of votes 'for' and 'against' each of the Resolutions and the number of votes 'withheld' were as follows:

No

Resolution

For

Against

Total Votes Cast

Withheld

No. of Votes

%

No. of Votes

%

No. of Votes

%

No. of Votes

1.

Authority to Allot Shares

70,368,553

94.27

4,276,516

5.73

74,645,069

64.74

45,993

2.

Disapplication of pre-emption rights

70,243,845

94.10

4,401,224

5.90

74,645,069

64.74

45,993

3.

Approval of Offer Price

70,368,832

94.27

4,276,237

5.73

74,645,069

64.74

45,993

4.

Approval of Related Party Transaction (Jonathan Miller)

58,892,238

93.17

4,314,592

6.83

63,206,830

54.82

11,484,232

5.

Approval of Related Party Transaction (Aberforth)

56,717,314

93.17

4,155,569

6.83

60,872,883

52.80

13,818,179

(1) Any proxy appointments which gave discretion to the Chair of the meeting have been included in the 'For' totals.

(2) A vote withheld is not a vote in law and is not counted in the calculation of the votes 'For' or 'Against' a resolution nor the 'Total Votes Cast.'

(3) The number of ordinary shares in issue on 30 August 2021 was 115,304,400. Shareholders are entitled to one vote per ordinary share.

Application has been made to the Financial Conduct Authority for 165,006,829 New Ordinary Shares to be admitted to the premium listing segment of the Official List and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on its Main Market for listed securities. It is expected that Admission will become effective, and that dealings in the New Ordinary Shares will commence, at 8.00 a.m. on 6 September 2021 (or such later date as the Company and the Joint Bookrunners may agree, being not later than 8.00 a.m. on 20 September 2021).

The Firm Placing and Open Offer remain conditional, inter alia, upon:

·      the Placing and Sponsor Agreement having become unconditional in all respects, save for the condition relating to Admission, and not having been terminated in accordance with its terms before Admission occurs; and

·      Admission having become effective by not later than 8.00 a.m. on 6 September 2021 (or such later date as the Company and the Sponsor may agree, being not later than 8.00 a.m. on 20 September 2021).

A copy of the Resolutions passed, will today be submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2. The Resolutions will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Defined terms in this announcement bear the same meanings as in the announcements made by the Company on 12 and 13 August 2021.

A copy of this announcement will be available to view on the Company's website www.mccollsplc.co.uk.

Enquiries:

For further information, please contact:

Analyst & Investors:

Tej Randhawa, McColl's

+44 (0)1277 372916




Media:

Ed Young, Headland

Rob Walker, Headland

Charlie Twigg, Headland

+44 (0)203 805 4822

mccolls@headlandconsultancy.com




Panmure Gordon (UK) Limited

Sponsor and Joint bookrunner

Oliver Cardigan

Edward Walsh

Rupert Dearden

+44 (0)203 886 2500




Singer Capital Markets Securities Limited

Joint bookrunner

Shaun Dobson

Hannah Woodley

Alex Bond

+44 (0)20 7496 3000

 

LEI: 213800R1TLR536P8YJ67

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ROMBBGDCGXGDGBB