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- Release Date: 10/12/13 14:58
- Summary: MEETING: PGC: Results of Annual Meeting
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PGC
10/12/2013 12:58
MEETING
REL: 1258 HRS Pyne Gould Corporation Limited
MEETING: PGC: Results of Annual Meeting
NZX ANNOUNCEMENT - FOR IMMEDIATE RELEASE
10 December 2013
Results of Annual Meeting: PGC's proposal to migrate to Guernsey receives
overwhelming shareholder support
Pyne Gould Corporation ("PGC") today announced its shareholders have given
overwhelming support to the company's migration to Guernsey as a prelude to
the company seeking a listing on one of the registered markets operated by
the London Stock Exchange.
Shareholders voted in favour of two special resolutions. Over 98 percent of
the votes cast on each special resolution were in favour. This represents a
mandate from shareholders to proceed with the migration. The Board will
advise shareholders once all other approvals necessary to implement the
migration have been obtained, said PGC chair Bryan Mogridge.
"Shareholders have given overwhelming support to the proposals first
announced on 14 November. Once remaining approvals have been obtained, PGC
will proceed to implement the company's migration and then look ahead to
seeking a listing on the London Stock Exchange in the first half of 2014.
"The company has made significant progress over the past 18 months.
Shareholders have shown that they agree with the Board's assessment that the
company's growth prospects will be further enhanced by making this shift."
Please refer to the attached summary of resolutions.
For media enquiry contact David Lewis +64-21-976 119
End CA:00244959 For:PGC Type:MEETING Time:2013-12-10 12:58:32
