51II Lv Bonds.43

TIDM51II

RNS Number : 3364V

LV=

10 December 2021

LV= announces result of the member vote at Members' Meeting

10 December 2021

LV= today announces the results of its Members' Meeting.

This follows the outcome of the vote on the acquisition of the LV= business by Bain Capital at the Special General Meeting earlier today, with the result that the transaction with Bain Capital will no longer proceed.

69% of members voted to approve a Scheme of Arrangement to make a change to Article 14.23 at the Members' Meeting. The required threshold was 75% which means the resolution did not pass and there will be no change to the company's Article 14.23. As a result, the Sanction Hearing booked for 20 December will not now go ahead.

175,460 of the LV='s 1.16 million members voted, with 119,011 members, representing 69% of valid votes cast, voting in support of the Resolution, and 52,251 members representing 31% of valid votes cast, voting against it.

These numbers are subject to final verification, which would not be expected to affect the result.

-Ends-

For further information, please contact:

   Jon Sellors (LV=)                07711 701 806                    jon.sellors@lv.com 
   Ed Berry (FTI)                     07703 330 199                   edward.berry@fticonsulting.com 
   Tom Blackwell (FTI)           07747 113 919                   tom.blackwell@fticonsulting.com 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMURONRAAUUAAA

(END) Dow Jones Newswires

December 10, 2021 11:33 ET (16:33 GMT)

Lv Bonds.43 (LSE:51II)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Lv Bonds.43 (LSE:51II)
Historical Stock Chart
Von Jul 2023 bis Jul 2024