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| Date | 16 Jan 2023 |
| Time | 11:16:08 |
| Category | AGMs and other meetings |
| ID | 8488M |
16 January 2023
Nexus Infrastructure plc
("Nexus" or the "Company" or the "Group")
Result of General Meeting
Nexus Infrastructure plc ("Nexus") is pleased to announce that at the general meeting of the Company held today, the resolution was duly passed by shareholders. Accordingly, the conditional disposal of TriConnex and eSmart Networks to FWCP Spark (UK) Holdco Limited (the "Purchaser") for a total cash consideration of £77.7m, has been approved by Nexus shareholders. The disposal is expected to complete on 3 February 2023 ("Completion").
Capital return
As previously announced, Nexus intends to return approximately £65m to shareholders by way of a tender offer, which will be subject to approval by Nexus shareholders. A circular containing details of the tender offer as well as a notice convening a general meeting of shareholders is expected to be published shortly after Completion of the Disposal.
General Meeting voting result for the resolution
|
Resolution |
Votes for |
Votes against |
Votes withheld |
Total proxy votes |
||
|
|
No. of votes |
% of votes cast* |
No. of votes |
% of votes cast* |
No. of votes |
|
|
1 |
28,740,659 |
83.34 |
5,539,964 |
16.6 |
6,218 |
34,280,623 |
* Excludes withheld votes
Enquiries:
|
Nexus Infrastructure plc Richard Kilner - Chairman Mike Morris - CEO Alan Martin - CFO
|
Tel: 01376 559 550 |
|
Numis Securities Limited (Financial Adviser, Nominated Adviser & Broker) Oliver Hardy (Nomad) Heraclis Economides Hannah Boros
|
Tel: 020 7260 1000 |
|
Camarco (Financial Public Relations) Ginny Pulbrook Rosie Driscoll |
Tel: 020 3757 4992 / 4981 |