viewKin Mining NL

Kiln Ltd - Results of SGM

RNS Number:9658N Kiln Ltd 13 February 2008 Kiln Ltd Proposed acquisition of Kiln Ltd by Tokio Marine & Nichido Fire Insurance Co., Ltd: Results of SGM and further update on Conditions With respect to the recommended cash acquisition of Kiln Ltd by Tokio Marine & Nichido Fire Insurance Co., Ltd, to be effected by means of an amalgamation under the Bermuda Companies Act, Kiln is pleased to confirm that shareholders duly passed the resolution seeking shareholders' approval of the Amalgamation Agreement at the special general meeting of the Company convened today. The results of the proxy voting on the resolution were as follows: For Against Withheld To approve the Amalgamation Agreement (99.77%) (0.003%) (0.227%) By way of further update for Kiln shareholders, significant progress has been made towards satisfaction of the conditions applicable to the acquisition and, in particular, regulatory approvals or consents have now been received from Lloyd's, the UK Financial Services Authority and the Bermuda Monetary Authority. The acquisition remains subject to the satisfaction or waiver of certain of the conditions set out in the circular sent to shareholders on 11 January 2008, including the approval of the Financial Services Agency of Japan and the receipt of antitrust clearance by the South African Competition Commission. As a consequence of the acquisition, Kiln now believes that its timetable for the production of its preliminary results for the year ended 31 December 2007 will be delayed and does not expect to be able to announce these results on the scheduled release date of 6 March 2008. A copy of the circular to shareholders containing the resolution passed at today's Special General Meeting is available to view on Kiln Ltd's website: www.kilngroup.com and has also been submitted to the FSA for publication through the document viewing facility at: The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS; tel: 02070661000. 13 February 2008 Enquiries: Kiln Ltd 020 7886 9000 Keith Grant, Group Company Secretary and Compliance Officer Kate Rogers, Head of Corporate Communications College Hill 020 7457 2020 Tony Friend Roddy Watt This information is provided by RNS The company news service from the London Stock Exchange END MSCFKNKBFBKDQBD

Quick facts: Kin Mining NL

Price: 0.043

Market: ASX
Market Cap: $20.78 m

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...