Styles & Wood Group Regulatory News (STY)

26 Jun 2009 15:39



26 June 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

STYLES & WOOD GROUP PLC 

RESULTS OF EXTRAORDINARY GENERAL MEETING

Styles & Wood Group Plc announces that at its General Meeting held on 26 June 2009 all resolutions in relation to the Refinancing, as outlined in the circular to shareholders dated 10 June 2009, were duly passed.

Ivan McKeever, Chief Executive of Styles & Wood, commented: 

"I am delighted that the refinancing has received shareholder approval as this will provide us with the funds we need to secure our position as one of the leading players in the property services market.

"On 25 June we announced that our Open Offer was significantly oversubscribed and this is a further vote of confidence in the new management team, our prudent financial management to deal with the current economic cycle and our future strategy for the business.

"With the refinancing now complete we very much look forward to getting on with driving the business forward from such a solid base."

- Ends -

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