Foxtons Group plc
(the "Company")
10 February 2022
General Meeting Results: disposal of Douglas & Gordon sales business approved
The Company is pleased to announce that at the General Meeting (the "GM") held earlier today in relation to the proposed disposal of the Douglas & Gordon sales business, the resolution set out in the Notice of General Meeting contained in the circular to shareholders dated 14 January 2022 (the "Circular") was passed by the requisite majority. The resolution was voted on by way of a poll.
The employee consultation process with respect to the transfer of the employees of the Douglas & Gordon lettings business into the Foxtons group has now been completed. The disposal of the Douglas & Gordon sales business will now proceed on the conditions as set out in the Circular and is expected to complete on 11 February 2022.
The results of the poll were as follows:
| Resolution
| For (No. of shares) | For (%) | Against (No. of shares) | Against (%) | Votes Withheld (No. of shares) | Total issued share capital instructed |
| To approve the related party transaction. | 219,006,620 | 99.98 | 39,287 | 0.02 | 11,730 | 219,045,907 |
| NOTES:
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| 1. | Proxy appointments which gave discretion to the Chairman of the GM have been included in the "For" total for the resolution.
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| 2. | Votes "For" and "Against" the resolution are expressed as a percentage of votes validly cast for that resolution.
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| 3. | A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" the resolution nor in the calculation of the proportion of "Total issued share capital instructed" for the resolution.
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| 4. | The number of shares in issue at close of business on 9 February 2022 was 330,097,758 shares of 1 pence each (the "Share Capital") and at that time, the Company held 11,125,696 shares in treasury.
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| 5. | The proportion of "Total issued share capital instructed" for the resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution).
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| 6. | The full text of the resolution passed at the GM can be found in the Notice of General Meeting which is available on the Company's website at www.foxtonsgroup.co.uk.
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| 7. | A copy of the resolution passed at the GM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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| 8. | The complete poll results will be available shortly on the Company's website at www.foxtonsgroup.co.uk
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| For further information please contact: | | ||
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| Foxtons Group plc | |||
| Christopher Hough, Company Secretary | +44 20 7893 6322 investor@foxtonsgroup.co.uk | ||
| Sanctuary Counsel | |||
| Robert Morgan / Rachel Miller | +44 7557 413 275 / +44 7918 606 667 | ||
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