Caledonia Investments plc
Result of General Meeting
Caledonia Investments plc (the "Company") held a general meeting ("GM") on Wednesday 18 December 2024 at 2.00 pm. All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting.
All resolutions were passed by shareholders. The full text of each resolution considered at the GM is contained in the circular to shareholders incorporating the notice of the GM, which is available on the Company's website at www.caledonia.com.
The results of the poll for each resolution is set out below.
| Resolution
| Votes For (including discretionary)(1)
| Votes Against(1) | Total Votes Cast | Votes Withheld(2) | ||||
| Number of shares | % of votes | Number of shares | % of votes | Total number of votes cast | % of total voting rights | Number of shares | ||
| 1 | To grant the Company authority to make market purchases of its own shares(3) | 37,083,581 | 99.11 | 331,833 | 0.89 | 37,415,414 | 69.77 | 10,757 |
| 2 | To approve the waiver of the mandatory offer provisions set out in Rule 9 of the City Code on Takeovers and Mergers in relation to the Cayzer Concert Party(4) | 10,106,332 | 83.40 | 2,012,107 | 16.60 | 12,118,439 | 22.60 | 91,022 |
| (1) | Votes "for" and "against" are expressed as a percentage of the total votes cast. |
| (2) | A "withheld" vote is not a vote in law and is not counted in the calculation of the proportion of votes "for" or "against" a resolution. |
| (3) | Special resolution requiring a 75% majority. |
| (4) | As required by The City Code on Takeovers and Mergers, members of the Cayzer family concert party were not eligible to vote on this resolution. |
The Company had 53,626,438 ordinary shares of 5p each with voting rights in issue as at 2.00 pm on Monday 16 December 2024, being the deadline for receipt of validly completed proxy forms by the Company's registrar, and as at the date of the GM. No ordinary shares were held in treasury.
In accordance with Listing Rule 6.4.2R, copies of both resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Commenting on the meeting, David Stewart, Caledonia's Chair, said:
"The board believes that it is in the best interests of the Company and its shareholders to ensure that it can continue to make market purchases of its shares which, at the current discount, are accretive to NAV per share. The shareholder approvals received at today's general meeting enable us to retain this optionality."
Enquiries:
| Company contacts
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| Caledonia Investments plc | +44 20 7802 8080 |
| Richard Webster Company Secretary
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| Media contacts
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| Teneo | +44 20 7353 4200 |
| Tom Murray Robert Yates caledonia@teneo.com |
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