Result of General Meeting and Capital Reduction

RNS Number : 6455Q
W.H. Ireland Group PLC
08 November 2012

Press release

8 November 2012


W.H. Ireland Group plc

(the “Company” or “WHI”)


Result of General Meeting and Capital Reduction


WHI is pleased to announce that, at today’s general meeting, the special resolution (the “Resolution”) relating to the proposal to create positive distributable reserves in the Company by the cancellation of the share premium account, as described in the Company’s announcement of 22 October 2012 (the Capital Reduction”), was approved. 


Following the passing of the Resolution, it is proposed to commence the proceedings to obtain the confirmation of the Court for the Capital Reduction as soon as possible.  It is anticipated that the final hearing at which the Court will confirm the Capital Reduction will take place on or around 28 November 2012


After the Court hearing, in order for the Capital Reduction to become effective, the Court order confirming the cancellation must be filed with Companies House, usually within 2-3 days after the date of the hearing.


Expected Timetable of Principal Events

Expected date of Court hearing*

28 November 2012

Expected effective date of Capital Reduction*

30 November 2012

* These dates are dependent on, amongst other things, the date upon which the Court confirms the Capital Reduction.  The Court hearing dates may be subject to postponement by the Court.


– Ends –


For further information please contact:

W.H. Ireland Group plc

+44 (0)20 7220 1666

Paul Compton (Chief Executive)

Panmure Gordon (UK) Limited

+44 (0)20 7886 2500

Hugh Morgan (Corporate Finance)

Adam Pollock (Corporate Broking)

Abchurch Communications

+44 (0)20 7398 7709

Joanne Shears / Harriet Rae

This information is provided by RNS
The company news service from the London Stock Exchange