REG - Kitwave Group PLC - Result of AGM

KitwaveAnnouncement

28/03/2025 12:15

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RNS Number : 7347C  Kitwave Group PLC  28 March 2025

 

28 March 2025

Kitwave Group plc

 

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

Result of AGM

Kitwave Group plc (AIM: KITW), the delivered wholesale business, confirms that
all 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 for the financial year ended 31 October 2024     57,776,931   99.99  1,511      0.01       1,715,910        57,778,442
 2. Declaration of final dividend                                               59,493,218   99.99  580        0.01       554              59,493,798
 3. Re-election of David Brind as a director                                    59,485,340   99.99  6,995      0.01       2,017            59,492,335
 4. Re-election of Benjamin Maxted as a director                                             99.91  51,343     0.09       2,017            59,492,335

                                                                                59,440,992

 5. Re-election of Gerard Murray as a director                                  59,484,849   99.99  7,486      0.01       2,017            59,492,335
 6. Re-election of Teresa Octavio as a director                                 59,485,340   99.99  6,995      0.01       2,017            59,492,335
 7. Re-election of Stephen Smith as a director                                  58,121,970   97.70  1,370,365  2.30       2,017            59,492,335
 8. Re-appointment of auditor                                                                99.99  1,702      0.01       186,569          59,307,783

                                                                                59,306,081

 9. Auditor's remuneration                                                                   99.99  2,331      0.01       6,058            59,488,294

                                                                                59,485,963

 10. Director's authority to allot shares                                                    99.91  50,957     0.09       5,688            59,488,664

                                                                                59,437,707

 11. ***Dis-application of pre-emption rights                                   57,727,833   97.04  1,759,920  2.96       6,599            59,487,753
 12. ***Dis-application of pre-emption rights for specified capital investment  56,631,378   95.20  2,856,375  4.80       6,599            59,487,753
 or acquisition
 13. ***Authority to purchase own shares                                        59,213,827   99.99             0.01       278,883          59,215,469

                                                                                                    1,642

 14. Authority to make political donations or incur political expenditure       51,091,168   91.36  4,830,558  8.64       3,572,626        55,921,726

* 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.

 

- Ends -

 

For further information please contact:

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

 Ben Maxted, 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

 Elizabeth Halley-Stott
 Yellow Jersey PR                                                 Tel: +44 (0) 20 3004 9512

(Financial media and PR)

 Charles Goodwin

 Shivantha Thambirajah

 Bessie Elliot

 kitwave@yellowjerseypr.com (mailto:kitwave@yellowjerseypr.com)

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, chilled and fresh foods, alcohol, groceries and tobacco to
approximately 46,000, mainly independent, customers.

 

With a network of 37 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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