REG - Kitwave Group PLC - Result of AGM

KitwaveAnnouncement

24/03/2023 11:30

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RNS Number : 1822U  Kitwave Group PLC  24 March 2023

 

24 March 2023

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                                                  45,460,982   99.96  20,000     0.04       8,201            45,480,982
 2. Declaration of final dividend                                                            100    0          0          0

                                                                                45,489,183                                                 45,489,183

 3. Re-election of David Brind as a director                                                 99.98  8,662      0.02       0

                                                                                45,480,521                                                 45,489,183

 4. Re-election of Benjamin Maxted as a director                                             99.98  8,562      0.02       0

                                                                                45,480,621                                                 45,489,183

 5. Re-election of Gerard Murray as a director                                               99.95  20,100     0.05       2,800,000        42,689,183

                                                                                42,669,083

 6. Re-election of Teresa Octavio as a director                                              100    0          0          0

                                                                                45,489,183                                                 45,489,183

 7. Re-election of Stephen Smith as a director                                               99.99  100        0.01       2,800,000        42,689,183

                                                                                42,689,083

 8. Re-election of Paul Young as a director                                                  99.98  8,562      0.02       0

                                                                                45,480,621                                                 45,489,183

 9. Re-appointment of auditor                                                                99.99  1,197      0.01       0

                                                                                45,487,986                                                 45,489,183

 10. Auditor's remuneration                                                                  99.99  1,131      0.01       0

                                                                                45,488,052                                                 45,489,183

 11. Director's authority to allot shares                                                    99.99  100        0.01       0

                                                                                45,489,083                                                 45,489,183

 12. ***Dis-application of pre-emption rights                                                96.6   1,544,574  3.4        7,334            45,481,849

                                                                                43,937,275

 13. ***Dis-application of pre-emption rights for specified capital investment               99.96  16,639     0.04       7,334            45,481,849
 or acquisition

                                                                                45,465,210

 14. ***Authority to purchase own shares                                                     99.99  2,638      0.01       500,000          44,989,183

                                                                                44,986,545

 15. Authority to make political donations or incur political expenditure                    94.06  2,702,231  5.94       2,600            45,486,583

                                                                                42,784,352

 

* 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 2022 of
6.75 pence per ordinary share of the Company, to be paid on 28 April 2023 to
shareholders whose names appear on the register of members of the Company as
at close of business on 11 April 2023.

 

- Ends -

 

For further information please contact:

 Kitwave Group plc                                    Tel: +44 (0) 191 259 2277

 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
 Yellow Jersey PR                                     Tel: +44 (0) 20 3004 9512

(Financial media and PR)

 Sarah Hollins

 Shivantha Thambirajah

 Bessie Elliot

 

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 42,000, mainly independent, customers.

 

With a network of 30 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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