REG - Kitwave Group PLC - Result of AGM

KitwaveAnnouncement

25/03/2022 13:15

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RNS Number : 1020G  Kitwave Group PLC  25 March 2022

25 March 2022

Kitwave Group plc

 

("Kitwave", the "Group" or the "Company")

Result of AGM

 

Final dividend

Kitwave Group plc (AIM: KITW), the delivered wholesale business, confirms that
all of the resolutions put to the shareholders at the Annual General Meeting
("AGM") held earlier today were duly passed.

 

A breakdown of proxy votes lodged prior to the meeting for each resolution is
set out below and will also be made available on the Group's website at
https://www.kitwave.co.uk/investors/documents/#circulars
(https://www.kitwave.co.uk/investors/documents/#circulars)

 Resolutions                                                                    For*        %        Against    % Against  Vote withheld**  Total votes cast

For
 1. Annual report and accounts                                                  43,052,986  100.00%  0          0.00%      0                43,052,986
 2. Declaration of final dividend                                               43,052,986  100.00%  0          0.00%      0                43,052,986
 3. Re-election of David Brind as a director                                    43,047,986  99.99%   5,000      0.01%      0                43,052,986
 4. Re-election of Benjamin Maxted as a director                                43,047,986  99.99%   5,000      0.01%      0                43,052,986
 5. Re-election of Gerard Murray as a director                                  39,497,986  99.99%   5,000      0.01%      3,550,000        39,502,986
 6. Re-election of Stephen Smith as a director                                  39,497,986  99.99%   5,000      0.01%      3,550,000        39,502,986
 7. Re-election of Paul Young as a director                                     43,047,986  99.99%   5,000      0.01%      0                43,052,986
 8. Appointment of auditor                                                      40,350,259  93.72%   2,702,727  6.28%      0                43,052,986
 9. Auditor's remuneration                                                      40,346,456  93.71%   2,706,530  6.29%      0                43,052,986
 10. Director's authority to allot shares                                       43,045,282  99.98%   7,704      0.02%      0                43,052,986
 11. ***Dis-application of pre-emption rights                                   43,045,282  99.98%   7,704      0.02%      0                43,052,986
 12. ***Dis-application of pre-emption rights for specified capital investment  43,045,282  99.98%   7,704      0.02%      0                43,052,986
 or acquisition
 13. ***Authority to purchase own shares                                        42,346,479  99.98%   6,507      0.02%      700,000          42,352,986
 14. Consent to electronic communications                                       43,047,986  99.99%   5,000      0.01%      0                43,052,986
 15. Political donations or expenditure                                         40,739,535  96.19%   1,613,451  3.81%      700,000          42,352,986

 

* The votes "for" figures include those votes at the discretion of the
Chairman.

** A vote withheld is not a vote in law and is not counted in the calculation
of the proportion of votes 'for' or 'against' a resolution.

*** Special resolutions requiring a 75% majority.

 

Final dividend

 

The Company will pay a final dividend for the year ended 31 October 2021 of
4.5 pence per ordinary share of the Company, to be paid on 29 April 2022 to
shareholders whose names appear on the register of members of the Company as
at close of business on 8 April 2022.

 

- Ends -

 

For further information please contact:

                                                      Tel: +44 (0) 191 259 2277

 Kitwave Group plc

 Paul Young, Chief Executive Officer

 David Brind, Chief Financial Officer

 www.kitwave.co.uk (http://www.kitwave.co.uk/)
 Canaccord Genuity Limited                            Tel: +44 (0) 20 7523 8150

(Nominated Adviser and Sole Broker)

 Bobbie Hilliam

 Georgina McCooke

 Alex Aylen - Sales
 Yellow Jersey PR                                     Tel: +44 (0) 20 3004 9512

(Financial media and PR)

 Sarah Hollins

 Henry Wilkinson

 James Lingfield

 

Company Overview

Founded in 1987, following the acquisition of a single-site confectionery
wholesale business based in North Shields, United Kingdom, Kitwave is a
delivered wholesale business, specialising in selling and delivering impulse
products, frozen and chilled foods, alcohol, groceries and tobacco to
approximately 39,000, mainly independent, customers.

 

With a network of 27 depots, Kitwave is able to support delivery throughout
the UK to a diverse customer base, which includes independent convenience
retailers, leisure outlets, vending machine operators, foodservice providers
and other wholesalers, as well as leading national retailers.

The Group's growth to date has been achieved both organically and through a
strategy of acquiring smaller, predominantly family-owned, complementary
businesses in the fragmented UK grocery and foodservice wholesale market.

 

Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of the London
Stock Exchange on 24 May 2021.

 

For further information, please visit www.kitwave.co.uk
(http://www.kitwave.co.uk) .

 

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