James Fisher & Sons PLC has successfully obtained approval for the sale of RMSpumptools to ChampionX UK Limited, a wholly-owned subsidiary of ChampionX Corporation. The resolution seeking approval of the disposal was duly approved by the requisite majority on a poll vote at the General Meeting. The results of the vote showed 99.79% in favor of the disposal, with 0.21% against it. The total votes cast, excluding withheld votes, amounted to 39,828,971.
The disposal is conditional upon the receipt or waiver of certain other conditions, including merger control clearance from the Saudi Arabian General Authority for Competition. The total voting rights of the company at the time of the General Meeting were 50,398,063 ordinary shares of £0.25 each and 100,000 preference shares of £1 each. The company does not hold any shares in treasury.
In accordance with Listing Rule 9.6.2, a copy of the resolution passed at the General Meeting will be available for inspection at the National Storage Mechanism. For further information, individuals can contact James Fisher and Sons plc.
This announcement provides a clear insight into the successful approval of the sale of RMSpumptools by James Fisher & Sons PLC.