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A&L urges shareholders to vote for takeover

Alliance & Leicester has pleaded to its shareholders to vote in favour of a Santander buyout.

Last month the Board of A&L unanimously recommends that shareholders vote in favour of the deal

It is now sending its shareholders full details of the proposal for the recommended acquisition of A&L by Banco Santander. The pack includes details of the recommended deal, the timetable and information on the Court Meeting and Extraordinary General Meeting as well as the voting forms.

The pack also includes a guide on how to vote by post or online, and an FAQ section.

The Board has told shareholders that it believes the greater stability and greater certainty offered by being part of the Santander Group.

Alliance & Leicester acting chairman Roy Brown says: “We strongly encourage all shareholders to exercise their voting rights. It is particularly important that as many votes as possible are cast at the court meeting so that the court may be satisfied that there is a fair representation of shareholders’ opinion.”

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