SPECIAL MEETING OF SPEIRS DEBT OBLIGATION HOLDERS
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Speirs Group Limited (SGL) | 9:52 am, Monday 15 September 2008 | SGL | 0.500 |
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SPEIRS GROUP LIMITED
SPECIAL MEETING OF SPEIRS DEBT OBLIGATION HOLDERS
Friday 12 September 2008
Speirs Group Limited is pleased to announce the result of its special meeting
of debt obligation holders.
Extraordinary resolutions to approve the sale of the Speirs Finance business
to Allied Farmers Limited were put to debt obligation holders and approved.
The sale remains subject of the satisfaction of some other conditions.
Ballot 1
Approving an amendment to the Composite Trust Deed dated 16
June 1986 to allow the substitution of Speirs Group Limited as the principal
debtor under the Deed:
FOR: 51,024,113
AGAINST: 1,345,372
ABSTAINED: 110,158
CARRIED
Ballot 2
Approving: the sale of the Speirs Finance business, including the transfer of
all debt obligations, from Speirs Group Limited to Speirs Finance Limited;
the subsequent sale of Speirs Finance Limited to Allied Farmers
Limited; the amalgamation of Speirs Finance Limited with Allied Nationwide
Finance Limited, a wholly owned subsidiary of Allied Farmers Limited.
FOR: 51,022,444
AGAINST: 1,283,321
ABSTAINED: 173,878
CARRIED
Speirs Group Limited
Nelson Speirs
Chairman
Level 3, FMG House, 55 The Square, PO Box 400, Palmerston North, New Zealand,
Freephone 0800 654 545, Fax 06 350 6020
Website www.speirs.co.nz, Email investments@speirs.co.nz
