The Hilton Group’s Extraordinary General Meeting held at The London Hilton on Park Lane voted largely in favour of the current restructuring resolutions.
The details of the vote are outlined below:
1. To approve the disposal of the Hilton International Hotels Division:
FOR - 1,053,784,457
AGAINST - 1,502,049
VOTES WITHHELD - 175,185
2. To change the Company’s name to Ladbrokes plc (on completion of the above disposal):
FOR - 1,053,778,827
AGAINST - 1,354,786
VOTES WITHHELD - 327,796
The disposal remains conditional on, among other things, receipt of certain
competition and other government clearances. The change of name to Ladbrokes plc
remains conditional on the completion of the disposal.
The Board expects to announce details of the Company’s capital structure review and
the intended return of value to shareholders with its preliminary results for the
year ended 2005 scheduled for 23 February 2006. Completion is expected to occur on
or shortly after this date.