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![]() Railhub Archive | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Railtrack Group plcReturn of cash to shareholders, change of name to RT Group PLC and resignation of Directors
shareholders voted overwhelmingly in favour of all the resolutions, all of which were duly passed. Resolution 1: To receive the report of the directors and the accounts for the year ended 31 March 2002. 99.15 per cent. of the votes were in favour of the resolution. Of the 257,593,926 votes 255,406,208 were in favour of the resolution and 2,187,718 opposed the resolution. In addition 3,426,620 abstentions were received. Resolution 2: To re-appoint Geoffrey Howe as a director. 99.55 per cent. of the votes were in favour of the resolution. Of the 254,687,299 votes 253,533,798 were in favour of the resolution and 1,153,501 opposed the resolution. In addition 6,334,336 abstentions were received. Resolution 3: To re-appoint Simon Osborne as a director. 99.62 per cent. of the votes were in favour of the resolution. Of the 257,284,076 votes 256,313,246 were in favour of the resolution and 970,830 opposed the resolution. In addition 3,737,139 abstentions were received. Resolution 4: To re-elect Jonathan Bloomer as a director. 99.37 per cent. of the votes were in favour of the resolution. Of the 257,150,579 votes 255,518,773 were in favour of the resolution and 1,631,806 opposed the resolution. In addition 3,871,011 abstentions were received. Resolution 5: To re-elect Vic Cocker as a director. 99.53 per cent. of the votes were in favour of the resolution. Of the 257,151,035 votes 255,948,032 were in favour of the resolution and 1,203,003 opposed the resolution. In addition 3,870,600 abstentions were received. Resolution 6: To re-appoint Deloitte & Touche as the Company's auditors. 99.53 per cent. of the votes were in favour of the resolution. Of the 257,515,139 votes 256,314,119 were in favour of the resolution and 1,201,020 opposed the resolution. In addition 3,506,076 abstentions were received. At an Extraordinary General Meeting, held immediately after the Annual General Meeting, to consider the proposed return of cash to Shareholders by means of a solvent members' voluntary liquidation, the proposed reduction in the minimum number of directors and the proposed change of name, shareholders voted overwhelmingly in favour of all the resolutions, all of which were duly passed. Resolution 1: To reduce the minimum number of directors of the Company to two. 99.81 per cent. of the votes were in favour of the resolution. Of the 329,302,728 votes 328,688,527 were in favour of the resolution and 614,201 opposed the resolution. In addition 437,697 abstentions were received. Resolution 2: To change the name of the Company to "RT Group PLC". 99.68 per cent. of the votes were in favour of the resolution. Of the 329,192,014 votes 328,146,630 were in favour of the resolution and 1,045,384 opposed the resolution. In addition 548,411 abstentions were received. The name of the Company will therefore be changed to, and the Shares of Railtrack Group PLC will trade as, RT Group PLC with effect from the close of business on Monday 21 October 2002. Resolution 3: To commence the solvent members' voluntary liquidation, appoint partners in Deloitte & Touche as liquidators and agree the basis of their remuneration. 99.67 per cent. of the votes were in favour of the resolution. Of the 329,626,171 votes 328,527,147 were in favour of the resolution and 1,099,024 opposed the resolution. In addition 413,386 abstentions were received. Resolution 4: To authorise the liquidators to exercise certain powers under the Insolvency Act 1986 and under the Articles of Association. 99.71 per cent. of the votes were in favour of the resolution. Of the 329,588,839 votes 328,645,257 were in favour of the resolution and 943,582 opposed the resolution. In addition 449,747 abstentions were received. Since Resolution 1 was passed, Geoffrey Howe, Jonathan Bloomer, Vic Cocker, David Jones, Steve Marshall, John Robinson and Gordon Sage have resigned from the Board. Commenting on the result David A Harding said: "We are pleased that shareholders have voted so decisively to support the Board's proposals for returning cash to shareholders in both a quick and tax efficient manner." Enquiries Railtrack Group: 020 7544 8435 / 07850 285471 Sue Clark, Director of Corporate Affairs Lehman Brothers: 020 7601 0011 Anthony Odgers Henry Phillips Deloitte & Touche: 020 7438 3000 James Smith Chris Day Shareholders who have queries should contact the Shareholder helpline. Shareholder helpline: 0870 702 0104 Lehman Brothers Europe Limited, which is regulated in the UK by the Financial Services Authority, is acting for Railtrack Group PLC and no one else in connection with the proposals described in this press release and will not be responsible to anyone else for providing the protections afforded to the clients of Lehman Brothers Europe Limited nor for providing advice in relation to such proposals. This information is provided by RNS The company news service from the London Stock Exchange
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