REG - Highcroft Invs PLC - Result of AGM

Highcroft InvestmentsAnnouncement

17/05/2023 14:00

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RNS Number : 7672Z  Highcroft Investments PLC  17 May 2023

Annual General Meeting 2023

Highcroft Investments plc

(the "Company" or "Highcroft")

Results of the Annual General Meeting held on 17 May 2023

 

Highcroft announces that at its Annual General Meeting, which was held at
12.00 noon today, all the proposed resolutions were duly approved by the
shareholders by way of a poll. Resolutions 1 to 11 were proposed as ordinary
resolutions and Resolution 12 as a special resolution. The full text of the
resolutions considered at the AGM are contained in the Notice of AGM published
on 17 April 2023 which is available on the Company's website at
www.highcroftplc.com (http://www.highcroftplc.com) . Results of the poll vote
on each resolution are set out below.

 

Under the Financial Conduct Authority's Listing Rules, because the Kingerlee
Concert Party is classed as a "controlling shareholder" (defined as a person
who exercises or controls, on their own or together with any other person with
whom they are acting in concert, 30% or more of the voting rights in the
Company) a resolution for the election and re-election of independent
directors must be approved by an ordinary resolution of, the shareholders and
separately approved by, those shareholders who are not controlling
shareholders (the "Independent Shareholders").

 

Accordingly, the results below show the voting by all shareholders and,
separately, on resolutions 5 and 6 only, the voting by the Independent
Shareholders (which excludes the voting interest of the Kingerlee Concert
Party, as controlling shareholder, holding 2,127,382 ordinary shares which
represents 40.86% of the issued ordinary share capital of the Company).

 

 

                                                                                                In favour         Against
                       RESOLUTION                                                               Votes      %      Votes   %     Withheld
 1                     To receive the 2022 Annual Report                                        2,804,600  100    0       0     0
 2                     To approve a final property income distribution of 33p per share on the  2,804,600  100    0       0     0
                       ordinary shares of the Company
 3                     To approve the directors' remuneration report                            2,781,011  99.16  23,589  0.84  0
 4                     To approve the directors' remuneration policy                            2,781,011  99.16  23,589  0.84  0
 5                     To re-elect Charles Butler                                               2,801,877  99.90  2,723   0.10  0
 6                     To re-elect Simon Costa                                                  2,801,877  99.90  2,723   0.10  0
 7                     To re-elect Roberta Miles                                                2,801,877  99.90  2,723   0.10  0
 8                     To elect Paul Leaf-Wright                                                2,786,074  99.99  287     0.01  18,239
 9                     To elect David Warlow                                                    2,786,074  99.99  287     0.01  18,239
 10                    Reappointment of auditor                                                 2,804,600  100    0       0     0
 11                    Remuneration of auditor.                                                 2,804,600  100    0       0     0
 12                    Authority for reduced notice of a general meeting other than an AGM      2,802,100  99.91  2,500   0.09  0

 

 

Votes of Independent Shareholders (excluding the voting interest of the
Kingerlee Concert Party)

                               In favour       Against
     RESOLUTION                Votes    %      Votes  %     Withheld
 5   Re-elect Charles Butler.  937,404  99.71  2,723  0.29  0
 6   Re-elect Simon Costa.     937,404  99.71  2,723  0.29  0

 

Notes:

(a) The votes in favour include those votes giving the Chairman discretion.

(b) A vote withheld is not a vote in law and is not counted in the votes for
or against a resolution.

 

 

Enquiries:

Highcroft Investments PLC

Paul Leaf-Wright/Roberta Miles
                  01869 352766

 Singer Capital Markets

Peter Steel / Alex Emslie - Corporate Finance

                                                  020 7496 3000

 

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