REG - Gateley (Holdings) - Result of AGM

Gateley (Holdings)Announcement

18/10/2023 07:15

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RNS Number : 5077Q  Gateley (Holdings) PLC  18 October 2023

18 October 2023

 

GATELEY (HOLDINGS) PLC

("Gateley" or the "Company")

AIM: GTLY

 

Result of AGM

 

At the Annual General Meeting of Gateley, held yesterday at 12.30pm, all the
resolutions, other than resolution 10, which was a special resolution
requiring over 75%, to amend the Company's Articles of association in order to
allow virtual AGMs, were passed on a poll. The result of the poll voting
(including all proxies) is detailed below.

 

      Resolution                                                                   Votes       Votes       Votes

                                                                                   For*        Against     Withheld
 1.   To receive the audited accounts of the Company                               49,490,185  226         0
 2.   To approve the Directors' Remuneration Report                                47,103,067  2,348,328   39,016
 3.   To declare a final dividend                                                  49,490,411  0           0
 4.   To reappoint Roderick Richard Waldie as a Director                           47,228,492  2,210,053   51,866
 5.   To reappoint Nigel Terrence Payne as a Director                              46,672,455  2,266,090   551,866
 6.   To appoint Colin Robert Jones as a Director                                  47,069,575  2,282,309   138,527
 7.   To appoint MacIntyre Hudson LLP as auditors of the Company                   49,456,544  6,107       27,760
 8.   To authorise the Directors to fix the remuneration of the auditors           49,401,966  85,462      2,983
 9.   To authorise the Directors to allot relevant securities                      46,835,472  2,286,675   368,264
 10.  To adopt new articles of association**                                       21,695,123  21,169,863  6,625,425
 11.  To authorise the Directors to allot equity securities for cash**             44,087,826  5,043,681   358,904
 12.  To authorise the Directors to allot equity securities for an acquisition or  43,605,034  5,528,934   356,443
      capital investment**
 13.  To authorise the Company to purchase its own shares**                        48,488,358  96,610      905,443
 14.  To authorise the rectification of historic dividends**                       49,468,889  522         21,000
 15.  To authorise the reduction of capital**                                      49,456,095  31,333      2,983

 

* Any proxy appointments, which gave discretion to the Chairman have been
included in the 'For' votes total.

** Special resolution

 

Nigel Payne, Chairman of Gateley, said:

 

"The board is delighted that all resolutions, other than resolution 10, passed
at yesterday's AGM. The board notes, with disappointment, the votes against
resolution 10, being the board's resolution to amend the Company's Articles to
allow virtual AGMs to take place. In the board's opinion, virtual AGMs are
environmentally friendly, provide easier access to a broader range of
shareholders and are commensurate with Gateley's ESG policies and responsible
business principles. The board was keen to adopt this change with these
factors in mind, particularly given that the attendance by external
shareholders at the last four AGMs has been less than one person on average.
The board will consider over the coming months if it intends to re-introduce
the resolution at next year's AGM and if so, it will consult shareholders
accordingly.

 

"The board also notes that a number of shareholders seem to have followed the
direction from unregulated proxy voting advisers on this resolution without
any consultation with the company. The board wishes to thank those
shareholders that communicated directly with the company on this issue and
would encourage all shareholders to so engage in future and not to simply
follow unregulated advice."

 

Enquiries:

 

 Gateley (Holdings) Plc
 Neil Smith, Chief Financial Officer                               Tel: +44 (0) 121 234 0196
 Nick Smith, Acquisitions Director and Head of Investor Relations  Tel: +44 (0) 20 7653 1665
 Cara Zachariou, Communications Director                           Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946

 Liberum - Nominated Adviser and Broker                            Tel: +44 (0) 20 3100 2000

 Richard Lindley/Ben Cryer/Cara Murphy

 Belvedere Communications Limited - Financial PR
 Cat Valentine (cvalentine@belvederepr.com)                        Mob: +44 (0) 7715 769 078
 Keeley Clarke (kclarke@belvederepr.com)                           Mob: +44 (0) 7967 816 525
 Llew Angus (langus@belvederepr.com)                               Mob: +44 (0) 7407 023 147
                                                                   gateleypr@belvederepr.com

 

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