REG - Hostmore PLC - Update statement on 2023 AGM Resolution Vote

HostmoreAnnouncement

24/11/2023 07:00

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RNS Number : 5076U  Hostmore PLC  24 November 2023

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24 November 2023

 

 

Hostmore plc

 

Update statement on 2023 Annual General Meeting Resolution Vote

At Hostmore plc's (the "Company") Annual General Meeting held on 7 June 2023,
resolution 10, which sought authorisation to make political donations and
incur political expenditure (the "Political Donations Resolution"), was
passed, although 30.0% of the votes cast were against.

Due to the votes against being greater than 20%, in line with provision 4 of
the UK Corporate Governance Code we have directly engaged with the largest
shareholders who voted against the Political Donations Resolution to
understand their views.  As noted to these shareholders, the Company has not
made political donations nor incurred political expenditure since its listing
in November 2021, and has no intention of doing so.

However, it is customary for listed UK companies, including the Company, to
seek approval of the Political Donations Resolution as a precautionary measure
to avoid any inadvertent breaches of UK company law given the breadth of the
applicable provisions.

Our discussions with the shareholders were productive and we will continue to
engage with them between now and the next Annual General Meeting in 2024.

ENDS

ENQUIRIES

Hostmore plc

Matthew Bibby, Interim Chief Financial Officer

enquiries@hostmoregroup.com (mailto:enquiries@hostmoregroup.com)

+44 330 460 5588

 

Dentons Global Advisors

Jonathon Brill / James Styles

Hostmore@dentonsglobaladvisors.com (mailto:Hostmore@dentonsglobaladvisors.com)

Tel: +44 (0)20 7664 509

 

 

 

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