REG - CLS Holdings PLC - Result of AGM

CLS HoldingsAnnouncement

16/05/2025 16:45

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RNS Number : 0813J  CLS Holdings PLC  16 May 2025

CLS Holdings plc

(the "Company" or "CLS")

 

Result of AGM

 

At the Annual General Meeting ("AGM") of the Company held at 10.00am today all
the resolutions as set out in the Notice of Meeting dated 11 April 2025, were
passed on a poll by the requisite majority. These results will shortly be
available on the Company's website (www.clsholdings.com
(http://www.clsholdings.com) ):

 

 

 

 RESOLUTION                                                                              VOTES        %       VOTES AGAINST  %       VOTES        % of TVR VOTED  VOTES WITHHELD**

FOR*
TOTAL
 1       Receive and adopt the Annual Report & Accounts for the year ended 31            327,648,690  99.75%  830,972        0.25%   328,479,662  82.51%          6,467,465
         December 2024
 2       Approve the Directors' Annual Remuneration Report                               286,942,189  87.40%  41,348,763     12.60%  328,290,952  82.46%          6,656,175
 3       Approve a final dividend for the year ended 31 December 2024 of 2.68 pence per  328,310,847  99.94%  195,276        0.06%   328,506,123  82.52%          6,441,004
         ordinary share
 4       Re-elect Lennart Sten as a Director                                             263,935,502  86.14%  42,465,959     13.86%  306,401,461  76.96%          28,545,666
 5       Re-elect Anna Seeley as a Director                                              285,848,190  89.28%  34,310,142     10.72%  320,158,332  80.42%          14,788,795
 6       Re-elect Fredrik Widlund as a Director                                          324,948,922  99.13%  2,851,259      0.87%   327,800,181  82.34%          7,146,946
 7       Re-elect Andrew Kirkman as a Director                                           324,739,998  99.02%  3,211,631      0.98%   327,951,629  82.38%          6,995,498
 8       Re-elect Elizabeth Edwards as a Director                                        312,731,321  97.68%  7,427,011      2.32%   320,158,332  80.42%          14,788,795
 9       Re-elect Bill Holland as a Director                                             325,328,575  99.20%  2,623,054      0.80%   327,951,629  82.38%          6,995,498
 10      Re-elect Eva Lindqvist as a Director                                            323,744,517  98.72%  4,207,112      1.28%   327,951,629  82.38%          6,995,498
 11      Appoint BDO LLP as auditors                                                     328,395,465  99.97%  96,124         0.03%   328,491,589  82.51%          6,455,538
 12      Authorise the directors to determine the auditors' remuneration                 328,456,719  99.98%  49,404         0.02%   328,506,123  82.52%          6,441,004
 13      Authorise the directors to allot relevant securities                            293,877,819  89.46%  34,613,767     10.54%  328,491,586  82.51%          6,455,541
 14      Authorise the directors to make non pre-emptive share allotments                294,071,169  89.52%  34,420,420     10.48%  328,491,589  82.51%          6,455,538
 15      Authorise the directors to make market purchases of shares                      325,410,709  99.09%  2,987,097      0.91%   328,397,806  82.49%          6,549,321
 16      Authorise General Meetings to be called on not less than 14 clear days' notice  318,406,598  99.28%  2,306,228      0.72%   320,712,826  80.56%          14,234,301

 

 

 

 

 Votes of the Independent Shareholders (excluding the voting interest of             VOTES        %       VOTES AGAINST  %       VOTES        % of Independent TVR VOTED
 companies owned and controlled by the investment vehicle for the Sten and
FOR*
TOTAL
 Karin Mortstedt Family & Charity Trust as Controlling Shareholder holding
 55.24% of the Issued Ordinary Share Capital) on the resolutions concerning the
 election of the independent non-executive directors.

 RESOLUTION

 4                                         Re-elect Lennart Sten as a Director       44,017,978   50.90%  42,465,959     49.10%  86,483,937   48.53%
 8                                         Re-elect Elizabeth Edwards as a Director  92,813,797   92.59%  7,427,011      7.41%   100,240,808  56.25%
 9                                         Re-elect Bill Holland as a Director       105,411,051  97.57%  2,623,054      2.43%   108,034,105  60.63%
 10                                        Re-elect Eva Lindqvist as a Director      103,826,993  96.11%  4,207,112      3.89%   108,034,105  60.63%

 

 

 

The Board notes the independent shareholder vote outcome in respect of the
re-election of the Chairman, Lennart Sten.  The Board believes that during a
period of economic uncertainty providing continuity is essential and therefore
Lennart would remain in post beyond nine years, subject to an annual review.
That review was conducted in November 2024 and concluded that in light of his
other roles outside of the Group, time commitment, valued leadership and
extensive property experience it was in the best interests of the Company and
its shareholders that Lennart continue to serve as Chair during this
challenging period of the property cycle.  Lennart continues to have the full
support of the Board and the majority shareholder.  Notwithstanding the
above, the Board will initiate a succession plan for the Chair, noting that
there will need to be an orderly transition.

 

 

*     Includes those votes giving the Chairman discretion.

**  These votes are not counted towards the votes cast at the AGM.

 

A copy of the resolutions passed at the AGM will be submitted to the National
Storage Mechanism and will shortly be available for inspection at
 https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Enquiries:

 

CLS Holdings plc

(LEI: 213800A357TKB2TD9U78)

www.clsholdings.com (http://www.clsholdings.com/)

David Fuller, Company Secretary

+44 (0)20 7582 7766

 

 

 

 

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