REG - Distil PLC - Result of AGM

DistilAnnouncement

03/08/2023 13:15

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RNS Number : 2515I  Distil PLC  03 August 2023

Distil plc

Annual General Meeting

Result of Annual General Meeting

The Annual General Meeting of Distil plc was held at 71-73 Carter Lane,
London, EC4V 5EQ on 3 August 2023 at 11:00 a.m.

All Resolutions, as set out in the Notice of Meeting dated 6 July 2023, were
voted by way of a poll.   All Resolutions, with the exception of Resolutions
5 and 6, were duly passed at the AGM.

The Board notes that resolutions 5 and 6, in respect of authorising the
directors to disapply pre-emption rights, were not passed and that a
significant proportion (more than 20%) of shareholders voted against
resolution 4 in respect of authorising the directors to allot shares. This was
notwithstanding all  3 resolutions are consistent with current  investor
guidelines including the Investment Association Share Capital
Management Guidelines and Pre-emption Group Guidelines. The Board will
continue to engage in discussions with shareholders to better understand their
views.

The number of votes cast for and against each of the resolutions proposed, and
the number of votes withheld are set out below:

  Resolution                                                                    Votes for    %       Votes against  %       Votes withheld
 Resolution 1 (Ordinary)                                                        238,436,437  98.81   2,862,204      1.19    34,000

 To receive the annual report
 Resolution 2 (Ordinary)                                                        241,298,641  100.00  0              0       34,000

 To re-appoint the auditors
 Resolution 3 (Ordinary)                                                        241,297,914  99.99   34,727         0.01    0

 To authorise the Directors to determine the fees payable to the auditors
 Resolution 4 (Ordinary)                                                        183,990,296  76.24   57,342,345     23.76   0

 To empower the Directors to allot relevant securities
 Resolution 5 (Special)                                                         180,990,295  74.996  60,342,345     25.004  1

 That subject to the passing of resolution 4, the Directors be authorised to
 allot equity securities for cash under the authority conferred by that
 resolution.
 Resolution 6 (Special)                                                         180,990,295  74.996  60,342,345     25.004  1

 That, subject to the passing of resolution 4, the Directors be authorised in
 addition to any authority granted under resolution 5 to allot equity
 securities for cash under the authority given by that resolution.

 

As at 3 August 2023, there were 684,399,579 ordinary shares in issue.
Shareholders are entitled to one vote per share. Votes withheld are not votes
in law and so have not been included in the calculation of the proportion of
votes for and against a resolution.

Note: the 'For' votes include those giving the Chairman discretion.

Note: The full text of each resolution is available in the Notice of Annual
General Meeting, published on our website.

 

 

 

 

For further information:

Distil
PLC
+44 207 352 2096

Don Goulding, Executive
Chairman

 

SPARK Advisory Partners Limited (NOMAD)
                                +44 20 3368
3550

Neil Baldwin

Mark Brady

 

Turner Pope Investments (TPI) Ltd (Broker)
                                +44 203 657
0050

Andy Thacker

James Pope

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