CKI secures overwhelming shareholder approval for disposal of UK Power Networks

Bulletin Express04-27 17:45

CK Infrastructure Holdings Limited (CKI) reported that its special general meeting on 27 April 2026 endorsed the planned disposal of its interest in UK Power Networks, with 2.13 billion votes cast in favour—equivalent to 99.99995% of votes—versus just 1,000 votes (0.00005%) against. The single ordinary resolution sought approval for all transactions under the Share Purchase Agreement, including the sale of CKI Sub’s equity stake and shareholder debt instruments in the UK electricity distribution business.

Total shares in issue stood at 2.52 billion. After excluding 5.43 million shares (0.22%) held by a trust linked to Chairman Li Tzar Kuoi, Victor and 0.23 million shares (0.01%) representing his family interest—as well as shares held by his associates—approximately 2.51 billion shares (99.77% of issued capital) were eligible to vote. All CKI directors were present at the meeting, and Computershare Hong Kong Investor Services acted as scrutineer.

The transaction remains subject to conditions precedent under the Share Purchase Agreement. CKI cautioned shareholders and potential investors that completion is not yet assured.

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