REG - De La Rue PLC - Result of Meeting

De La RueAnnouncement

02/12/2022 16:45

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RNS Number : 4999I  De La Rue PLC  02 December 2022

 

 

 

DE LA RUE PLC

 

2 December 2022

 

RESULT OF GENERAL MEETING

 

 

A General Meeting of De La Rue plc ("De La Rue" or the "Company") was held at
2:00pm today, 2 December 2022, at De La Rue House, Jays Close, Viables,
Basingstoke, Hampshire (the "General Meeting").

The Company is pleased to announce that the only resolution put to the General
Meeting, which was to approve Kevin Loosemore continuing as a Director of the
Company and as Chairman of the Board, was duly passed by the Company's
shareholders on a poll vote. The full text of the resolution is contained in
the Notice of General Meeting published on 3 November 2022, which is available
on the Company's website at www.delarue.com.

The General Meeting was called in response to a request in October 2022 from
an investor in the Company, Crystal Amber Fund Limited ("Crystal Amber"), for
the Chairman of the Board, Kevin Loosemore, to resign.  Excluding the votes
cast by Crystal Amber, 94.9% of the votes cast were in favour of Mr Loosemore
continuing to serve as a Director of the Company and as Chairman of the Board.

The Board is pleased that the resolution was passed at today's General Meeting
and welcomes the overwhelming support of the Company's shareholders for the
resolution proposed. The full results of the poll vote on the resolution, on
which Computershare (the Company's registrar) acted as scrutineer, are as
follows:

 

 RESOLUTION                                                                            FOR                               AGAINST                           TOTAL                                                       WITHHELD
                                                                                       Number of votes  % of votes cast  Number of votes  % of votes cast  Votes cast (excluding withheld)  % of issued share capital  Number of votes
 Ordinary Resolution
 1.      Approve Kevin Loosemore's continuation as Director and Chairman of De La Rue  125,880,167      82.9%            26,012,867       17.1%            151,893,034                      77.7%                      165,804

 

Notes:

1.   The percentages voted 'For' and 'Against' are expressed as a proportion
of the total votes cast.  Votes 'withheld' are not votes under English law
and so have not been included in the calculation of whether the resolution was
carried. Percentages have been rounded to one decimal place.

2.   Any proxy appointments which gave discretion to the Chairman of the
meeting were voted in favour of the resolution and have been included in the
'For' totals.

3.   As at 6:00 p.m. on 30 November 2022 (being the record time for the
General Meeting), the issued share capital of the Company consisted of
195,435,840 ordinary shares of 44(152)/(175) pence each, carrying one vote
each and 111,673,300 deferred shares with a nominal value of 1 penny which do
not carry any voting rights. The total number of shares over which voting
rights in the Company are held is therefore 195,435,840.

The results of the General Meeting held on 2 December 2022 will shortly be
available to view on the Company's website at www.delarue.com.  In accordance
with Listing Rule 9.6.2R, a copy of the wording of the resolution will be
submitted to the National Storage Mechanism, where it will shortly be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

Enquiries:

 

 De La Rue plc       +44 (0) 7990 337707
 Clive Vacher        Chief Executive Officer
 Rob Harding         Chief Financial Officer
 Louise Rich         Head of Investor Relations

 Brunswick           +44 (0)207 404 5959
 Stuart Donnelly

 Ed Brown

 

 

About De La Rue

De La Rue plc's purpose is to secure trust between people, businesses and
governments. As a trusted partner of governments, central banks and commercial
organisations seeking to secure their global supply chains and cash
cycles, De La Rue provides highly secure physical and digital solutions that
underpin the integrity of economies and trade.

De La Rue's Currency division provides market-leading end-to-end currency
solutions, from finished banknotes to secure polymer substrate and banknote
security features to over half the central banks and issuing authorities
around the world.

Our Authentication division protects revenues and reputations through the
provision of physical and digital solutions to governments and commercial
organisations. We also manufacture financial documents and ID security
components.

At the end of September 2022, De La Rue had 2,190 employees who work with
organisations in more than 140 countries, leveraging the group's manufacturing
facilities in the UK, US, Malta, Sri Lanka and Kenya.

De La Rue's shares are traded on the London Stock Exchange (LSE:DLAR). For
further information please visit www.delarue.com.

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