Ascential PLC has successfully concluded its general meeting, where shareholders voted on the proposed return of value of £850 million. The company's resolutions for the Tender Offer and the Share Consolidation were both approved by the requisite majority of shareholders. The Tender Offer, which aims to acquire up to £300 million of Ascential's shares, received 98.55% of votes in favor. Additionally, the Share Consolidation, accompanying the Special Dividend of at least £450 million, was approved with 100% of votes in favor.
The total voting rights of Ascential as of 18 April 2024 were 445,765,527 ordinary shares of 1 pence each, with no shares held in treasury. The company clarified that any vote that gave the Chairman discretion has been included in the 'For' votes, and a vote withheld is not counted towards the votes cast 'For' or 'Against' a resolution.
In compliance with Listing Rule 9.6.2R, the resolutions will be available for inspection at the National Storage Mechanism document viewing facility. Ascential's contact information for further inquiries was also provided.
This successful outcome at the general meeting indicates strong shareholder support for Ascential's proposed return of value, reflecting a positive outlook for the company's future financial strategies and shareholder relations.