REG - Slingsby(H.C.)Plc - Result of Annual General Meeting

H C SlingsbyAnnouncement

23/05/2025 14:15

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RNS Number : 0349K  Slingsby(H.C.)Plc  23 May 2025

23 May 2025

 

H C SLINGSBY PLC

("Slingsby" or the "Company" or the "Group")

 

Result of Annual General Meeting

 

HC Slingsby PLC (AIM: SLNG), one of the market leaders in the distribution of
industrial and commercial equipment, announces that at the Company's Annual
General Meeting, held earlier today, resolutions 1 to 5 and 7 to 9 were passed
on a poll.  Resolution 6 was not passed.

 

Details of the poll voting on each resolution are set out below:

 

 

                                                                                 NO. OF VOTES FOR*  %**      NO. OF VOTES AGAINST  %**     TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD)**  NO. OF VOTES WITHHELD**
 ORDINARY RESOLUTIONS
 1.    To receive the Company's annual accounts for the financial year ended     621,481            100%     -                     0.00%   621,481                                        -
 31 December 2024.
 2.    To elect as a Director, Andrew Kitchingman.                               567,709            63.25%   329,902               36.75%  897,611                                        -
 3.    To re-elect as a Director, Morgan Morris.                                 897,298            99.97%   313                   0.03%   897,611                                        -
 4.    To reappoint RSM UK Audit LLP as auditors of the Company.                 621,481            100.00%  -                     0.00%   621,481                                        -
 5.    To authorise the Directors of the Company to determine the                621,481            100.00%  -                     0.00%   621,481                                        -
 remuneration of the auditors.
 6.    To authorise the Directors to allot equity securities in the Company.     289,579            46.75%   329,902               53.25%  619,481                                        2,000
 SPECIAL RESOLUTIONS
 7.    Subject to the passing of resolution 6, to authorise the Directors to     359,534            99.91%   313                   0.09%   359,847                                        261,634
 allot equity securities in the Company.
 8.    Subject to the passing of resolution 6 and 7, to authorise the            359,534            99.91%   313                   0.09%   359,847                                        261,634
 Directors to allot equity securities in the Company for cash.
 9.    To authorise the Company generally and unconditionally to make one or     619,168            99.95%   313                   0.05%   619,481                                        2,000
 more market purchases.

 

*Votes "For" include votes giving the Chairman discretion.

**A 'Vote Withheld' is not a vote in law and has not been counted in the
calculation of the proportion of the votes 'For' and 'Against' a resolution.

 

Whilst resolution 2 was passed with the necessary majority, the Board notes
the voting in relation to this resolution. The Board has considered this and
does not believe that any further actions are required to understand the
reasons behind this voting result or otherwise.

 

Following resolution 6 not being passed, the Directors do not currently have
the authority to allot ordinary shares in the Company ("Ordinary Shares") for
cash or for other purposes, or grant rights to subscribe for or convert any
securities into Ordinary Shares.  Following the voting on resolution 6, where
it is able to, the Board will seek to engage with those shareholders who are
understood to have voted against this resolution in order to understand their
views and/or any specific concerns.

 

 

For further information, please contact:

 

 H C Slingsby PLC                                         Tel: 01274 535 030
 Andrew Kitchingman, Non-Executive Chairman
 Morgan Morris, Group Chief Executive

 Allenby Capital Limited (Nominated adviser and Broker)   Tel: 020 3328 5656
 Alex Brearley / Ashur Joseph (Corporate Finance)

 Amrit Nahal (Sales and Corporate Broking)

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