ABA
13/06/2014 12:31
MEETING
REL: 1231 HRS Abano Healthcare Group Limited
MEETING: ABA: Results of Abano Special Meeting
SHAREHOLDERS SEND STRONG MESSAGE TO DISSIDENTS AT ABANO SPECIAL MEETING
Abano's shareholders voted in record numbers at today's special meeting,
sending a resounding message to dissident shareholders, Peter Hutson and
James Reeves, that they support the Company's chairman and strategy.
Over 82.5% of Abano's shares were voted at the meeting, with more than triple
the numbers of shareholders voting than any previous meeting in the last six
years.
An overwhelming majority of votes, being 76.64% of votes, were against the
resolution put forward by Mr Hutson and Mr Reeves to remove Trevor Janes as a
Director of Abano.
Mr Hutson and Mr Reeves received the support of less than one percent of
Abano's other shareholders for their resolution. Excluding shareholdings
associated with Mr Hutson and Mr Reeves, there were 0.79% of votes for the
resolution. Including their associated shareholdings, there was 23.36% of
votes for the resolution.
The majority of retail shareholders voted against the resolution at the
meeting, as did the New Zealand Shareholders Association and all
institutional shareholders who voted.
The Directors hope that the clear message sent to Mr Hutson and Mr Reeves by
the majority of shareholders will encourage them to halt their disruptive
campaign and engage constructively with the Abano Board.
Following the Special Meeting, the results of the poll were scrutinised by
PricewaterhouseCoopers and are as follows:
Resolution: That Trevor Janes be removed from office as a Director of Abano
Healthcare Group Limited with immediate effect
For 3,955,953 (23.36%)
Against 12,979,724 (76.64%)
Total 16,935,677
Abstain 191,591
ENDS
End CA:00251572 For:ABA Type:MEETING Time:2014-06-13 12:31:55
