Candover Investments

Posted onNovember 15, 2011 - 10:42 am by Admin | 0 Comments

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The move would generate a return of several times the renewable energy funds original investment, according to people familiar with the situation. Talks to sell Capital Safety reignited: The former buy-out arm of Candover Investments has reignited …

For immediate release on 22 December 2010 Candover Investments plc Results of General Meeting relating to the proposed change of investment policy, proposed sale of Candover Partners Limited and proposed sale of a strip of assets Candover Investments plc ("Candover") announces that the resolution proposed at the Candover General Meeting ("the Meeting") held earlier today to approve the change of investment policy and the disposals of Candover Partners Limited ("CPL") and a strip of assets, was duly passed on a show of hands. Valid proxies were received from shareholders prior to the Meeting in respect of a total of 12,736,776 ordinary shares, as follows: For: 10,747,273 (98.79%); discretion: 6,342 (0.06%); against: 125,572 (1.15%); withheld: 1,857,589 The change of investment policy will be adopted as the investment objective and policy of the Company with immediate effect. Completion of the disposals is anticipated during the first quarter of 2011 following receipt of necessary regulatory approvals to the change of control of CPL. A copy of the resolution passed at the Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do For further information, please contact: Candover Investments plc +44 (0) 20 789 9848 Malcolm Fallen, CEO Tulchan Communications +44 (0) 20 7353 4200 Susanna Voyle, Peter Hewer

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