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RNS Number : 6420T

Bglobal PLC

21 November 2013

21 November 2013

Bglobal plc

("Bglobal"or the "Company")

Adjournment of Requisitioned General Meeting

The Company announces that the requisitioned General Meeting convened for Friday 22 November will be adjourned indefinitely following the withdrawal of the requisition by Peter Kennedy.

As at 11 a.m. on 20 November 2013, the last time at which shareholders could return proxies, the following proxies had been received in relation to the meeting:

 
      Resolution                                                  Total Votes For   Total Votes Against*   Total Votes 
                                                                                                             Withheld 
---  ----------------------------------------------------------  ----------------  ---------------------  ------------ 
      Tim Jackson-Smith be and is hereby removed from office as 
       a director of the Company with immediate 
 1     effect                                                       25,981,581           53,541,878           7,000 
---  ----------------------------------------------------------  ----------------  ---------------------  ------------ 
 2    James Newman be and is hereby removed from office as a        25,981,581           53,541,878           7,000 
       director of the Company with immediate 
       effect. 
---  ----------------------------------------------------------  ----------------  ---------------------  ------------

*includes discretionary votes

Over 99 per cent. of all votes received (excluding any voting rights held by Peter Kennedy or his affiliates) were against the Resolutions and supported the Board's recommendation. All of the Company's institutional shareholders have supported the Board.

The Chairman of the Board, John Grant, commented:

"Shareholders have expressed to the Board their frustration at the waste of Company resources incurred in the requisition of this General Meeting, which never had credible support from any shareholders apart from Peter Kennedy and his family.

I have assured Peter that the Board will always listen to the views of shareholders. I and my fellow directors hope this will encourage him to refrain from requisitioning further meetings, and to refrain from burdening Bglobal with additional and unnecessary expense."

For further information, please visit www.bglobalplc.com or contact:

 
John Grant, Executive  Mark Taylor                  Rebecca Sanders-Hewett 
 Chairman               Charles Stanley Securities   Dwight Burden 
 Bglobal plc            Nominated Adviser and        David Ison 
 Tel: +44 (0)1254 819   Broker                       Redleaf Pohill 
 600                    Tel: 020 7149 6000           Tel: 020 7382 4730

This information is provided by RNS

The company news service from the London Stock Exchange

END

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