Result of AGM
26/09/2022 18:20
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RNS Number : 7074A Eckoh PLC 26 September 2022
26 September 2022
Eckoh plc
("Eckoh" or the "Group")
Annual General Meeting Statement
Eckoh plc (AIM:ECK), the global provider of Customer Engagement Security
Solutions, is pleased to announce that at the Annual General Meeting held at
11am today, September 26(th), all Resolutions put before the meeting were duly
passed.
The results of the poll for each resolution are set out below:
Resolution Votes For % For Votes Against % Against Withheld % Withheld Total % Instructed
1 Receive and adopt accounts 161,480,276 99.99% 1,481 0.01% 0 0.00% 55.51%
2 Approve the Directors' Remuneration Report 102,442,048 63.46% 58,993,836 36.54% 45,873 0.03% 55.49%
3 Approval of final dividend 161,480,276 99.99% 1,481 0.01% 0 0.00% 55.51%
4 Re-elect G Millward as Director 161,454,815 99.99% 1,862 0.01% 25,080 0.02% 55.50%
5 Re-elect N Philpot as Director 161,454,815 99.99% 1,862 0.01% 25,080 0.02% 55.50%
6 Re-appoint auditors 161,451,102 99.98% 27,513 3,142 0.00% 55.51%
7 General authority to allot shares 161,456,276 99.99% 5,481 0.01% 20,000 0.00% 55.50%
8 Dis-application of pre-emption rights 153,390,422 95.00% 8,068,193 5.00% 23,142 0.01% 55.50%
9 Dis-application of pre-emption rights 153,425,422 95.02% 8,033,193 4.98% 23,142 0.01% 55.50%
10 Approve purchase of own shares 161,477,276 99.99% 4,481 0.01% 0 0.01% 55.51%
The Board appreciates the support shown by the majority of Shareholders for
the resolutions at today's AGM. We note the significant minority vote against
the Company's Remuneration Report. We are also aware of the guidance from ISS
which states that payment of transaction-related bonuses is not in line with
its policy. The Remuneration Committee specifically considered this point,
together with the guidance from ISS, at the time the payment was approved and
determined that, in this case, a modest transaction-related bonus of the level
approved was entirely appropriate in recognition of the additional and
intensive work involved during and immediately following the transaction,
which provided savings in terms of professional fees significantly in excess
of the approved amount.
Notes:
· The full text of each of the resolutions is contained in the
Notice of Annual General Meeting dated 16 August 2022, which is available on
the Company's website at https://www.eckoh.com (https://www.eckoh.com) .
· Proxy appointments which gave discretion to the Chairman of the
AGM have been included in the "For" total for the appropriate resolution.
· A "Withheld" vote is not a vote in law and is not counted in the
calculation of the proportion of the votes cast "For" or "Against" a
resolution.
· The proportion of "Total % Instructed" is the total of votes
instructed for that resolution (i.e. the total votes "For", "Against" and
"Withheld" for that resolution) expressed as a percentage of the issued share
capital.
· The issued share capital of the Company as of 14 July 2022 was
292,869,261 ordinary shares of 0.25p each. As of 14 July 2022, the Company
holds 1,943,311 shares in the Company in Treasury shares.
For further information please contact:
Eckoh plc Tel: 01442 458 300
Nik Philpot, Chief Executive Officer
Chrissie Herbert, Chief Financial Officer
www.eckoh.com (http://www.eckoh.com)
FTI Consulting LLP Tel: 020 3727 1017
Ed Bridges / Jamie Ricketts / Tom Blundell
eckoh@fticonsulting.com
Singer Capital Markets (Nomad & Joint Broker) Tel: 020 7496 3000
Shaun Dobson / Tom Salvesen / Alex Bond / Kailey Aliyar
www.singercm.com (http://www.n1singer.com)
Canaccord Genuity Limited (Joint Broker) Tel: 020 7523 8000
Simon Bridges / Emma Gabriel
www.canaccordgenuity.com (http://www.canaccordgenuity.com)
About Eckoh plc
Eckoh is a global provider of Customer Engagement Security Solutions,
supporting an international client base from its offices in the UK and US.
Our Customer Engagement Security Solutions enable enquiries and transactions
to be performed on whatever device the customer chooses, allowing
organisations to increase efficiency, lower operational costs and provide a
true omnichannel experience.
We help our clients to take payments and transact securely with their
customers through all customer engagement channels. The solutions, which are
protected by multiple patents, remove sensitive personal and payment data from
contact centres and IT environments and are delivered globally through our
multiple cloud platforms or can be deployed on the client's site. They offer
merchants a simple and effective way to reduce the risk of fraud, secure
sensitive data and become compliant with the Payment Card Industry Data
Security Standards ("PCI DSS") and wider data security regulations. Eckoh has
been a PCI DSS Level One Accredited Service Provider since 2010, securing over
£5 billion in payments annually.
Our large portfolio of clients come from a broad range of vertical markets and
includes government departments, telecoms providers, retailers, utility
providers and financial services organisations.
For more information go to www.eckoh.com or email MediaResponseUK@eckoh.com.
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