REG - FRP Advisory Grp PLC - Result of AGM

Frp AdvisoryAnnouncement

28/09/2023 12:15

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RNS Number : 0277O  FRP Advisory Group PLC  28 September 2023

 

28 September 2023

 

FRP Advisory Group plc

("FRP" or the "Company")

 

Result of Annual General Meeting

The Annual General Meeting of FRP c was held at the offices of Bryan Cave
Leighton Paisner LLP, Governor's House, 5 Laurence Pountney Hill, London, EC4R
0BR on 28 September 2023 at 10.00 a.m.

 

All 16 resolutions put to members were passed on a poll. Resolutions 1 to 13
were passed as ordinary resolutions and resolutions 14 to 16 were passed as
special resolutions.

 

The number of votes cast for and against each of the resolutions proposed, and
the number of votes withheld were as follows:

 

  Resolution                                                                      Votes for    %      Votes against  %      Votes withheld
 Ordinary Resolutions
 Resolution 1                                                                     160,269,603  99.99  16,539         0.01   11,059

 To receive the Company's audited accounts for the financial period ended 30
 April 2023 together with the Directors' and Auditors' Report.
 Resolution 2                                                                     128,641,741  80.26  31,646,780     19.74  8,680

 To receive the Directors' Remuneration Report for the financial period ended
 30 April 2023.
 Resolution 3                                                                     153,571,003  95.81  6,715,139      4.19   11,059

 To re-appoint Nigel Guy as a director of the Company.
 Resolution 4                                                                     160,269,445  99.99  16,697         0.01   11,059

 To re-appoint Geoffrey Rowley as a director of the Company.
 Resolution 5                                                                     157,397,800  98.2   2,888,342      1.8    11,059

 To re-appoint Jeremy French as a director of the Company.
 Resolution 6                                                                     157,397,800  98.2   2,888,342      1.8    11,059

 To re-appoint Gavin Jones as a director of the Company.
 Resolution 7                                                                     153,314,102  95.65  6,974,419      4.35   8,680

 To re-appoint Claire Balmforth as a director of the Company.
 Resolution 8                                                                     159,516,095  99.52  770,047        0.48   11,059

 To re-appoint David Chubb as a director of the Company.
 Resolution 9                                                                     160,269,603  99.99  16,539         0.01   11,059

 To appoint Kathryn Fleming as a director of the Company.
 Resolution 10                                                                    159,476,225  99.52  774,317        0.48   46,659

 To re-appoint Mazars LLP as the Company's auditors.
 Resolution 11                                                                    160,229,575  99.96  56,567         0.04   11,059

 To authorise the directors of the Company to determine the Auditors' fees.
 Resolution 12                                                                    160,271,982  99.99  16,539         0.01   8,680

 To declare a final dividend of 2.05p per ordinary share for the year ended 30
 April 2023.
 Resolution 13                                                                    152,098,184  94.89  8,187,958      5.11   11,059

 To authorise the Directors to allot equity securities.
 Special Resolutions
 Resolution 14                                                                    155,383,045  96.94  4,903,097      3.06   11,059

 To empower the Directors to allot equity securities for cash free of statutory
 pre-emption rights.
 Resolution 15                                                                    143,464,477  96.7   4,903,097      3.3    11,929,627

 To empower the Directors to allot equity securities for cash otherwise than on
 a pre-emptive basis for an acquisition or other capital investment.
 Resolution 16                                                                    158,966,271  99.52  770,047        0.48   560,883

 To empower the Directors to make market purchases of the Company's shares.

 

The Directors note the significant vote against Resolution 2. The Remuneration
Committee chair has been in contact with certain external shareholders to
understand shareholder concerns and explain the Company's position. The
feedback received will be taken into consideration in remuneration-related
decisions and disclosures in relation to the current financial year.

As at 28 September 2023, there were 250,932,590 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.

 

The full text of each resolution is available in the Notice of Annual General
Meeting, published on the Company's website at
www.frpadvisory.com/investors/financials-documents/
(http://www.frpadvisory.com/investors/financials-documents/) .

 

Enquiries:

 

FRP Advisory Group
plc

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via MHP

 

Cavendish Securities plc (Nominated Adviser and Joint Broker)

Katy Birkin/Stephen Keys (Corporate Finance)

Tel: +44 (0) 207 397 8900

 

Investec Bank plc (Joint Broker)

Carlton Nelson / James Rudd (Corporate Broking)

Tel: +44 (0) 207 597 4000

 

MHP Communications (Financial Public Relations)

Oliver Hughes

Charlie Barker

Catherine Chapman

Tel: +44 (0) 783 462 3818

FRP@mhpc.com

 

Notes to Editors

FRP is a leading national specialist business advisory firm established in
2010. It offers a range of advisory services to companies, lenders, investors
and other stakeholders, as well as individuals. These services include:

 

·    Restructuring advisory: corporate financial advisory, formal
insolvency appointments, informal restructuring advisory, personal insolvency
and general advice to all stakeholders.

·    Corporate finance: mergers & acquisitions (M&A), strategic
advisory and valuations, financial due diligence, capital raising, special
situations M&A and partial exits.

·    Debt advisory: raising and refinancing debt, debt amendments and
extensions, restructuring debt, asset based lending and corporate and
leveraged debt advisory.

·    Forensic services: forensic investigations, compliance and risk
advisory, dispute services and forensic technology.

·    Financial advisory: transaction services including financial due
diligence, lender services, financial modelling, valuations, pensions and
company-side advisory services.

 

 

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