IPE - Result of Extraordinary General Meeting

An Extraordinary General Meeting was held today at the IPE. The result of the vote is listed below. Resolution 1 - to demutualise the IPE (this required a 75% vote of approval): Votes in favour 302, 63.71%; Votes against 172, 36.29%. As this resolution failed to pass, resolutions 2 and 3 (relating to plan B and NYMEX) were not put to the membership. The Board of the IPE are now meeting to discuss the results of the vote. They will be issuing a further statement shortly.