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LUCE - Luceco News Story

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Sector
Industrials
Size
Mid Cap
Market Cap £517.8m
Enterprise Value £536.1m
Revenue £176.2m
Position in Universe 602nd / 1821

Luceco PLC - Result of AGM

Tue 19th June, 2018 4:33pm
RNS Number : 9067R
Luceco PLC
19 June 2018
 

Luceco plc

(the "Company")

 

19 June 2018

 

Annual General Meeting ("AGM") Results

 

The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority. Each of the resolutions put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:

 

Resolution

* indicates Special Resolution

For

(No. of shares)

For

(%)

Against

(No. of shares)

Against

(%)

Votes Withheld

(No. of shares)

Total issued. share capital instructed (%)

1. To receive the Annual Report and Accounts.

92,520,227

82.16%

20,084,792

17.84%

1,090,722

70.03%

2.  To approve the Directors' Remuneration Report.

113,230,035

99.59%

465,706

0.41%

0

70.71%

3. To elect Matt Webb as a Director.

113,675,713

99.99%

7,500

0.01%

12,529

70.70%

4. To re-appoint KPMG LLP as auditor of the Company.

86,395,151

77.63%

24,900,960

22.37%

2,399,631

69.21%

5.  To authorise the Audit Committee to determine the auditors' remuneration.

113,678,568

99.99%

16,769

0.01%

404

70.71%

6.  To authorise the Company to make political donations.

109,961,137

97.37%

2,965,429

2.63%

769,174

70.23%

7. To authorise the Directors to allot ordinary shares.

111,837,469

98.65%

1,526,670

1.35%

331,603

70.50%

8.  To disapply pre-emption rights.*

111,076,810

97.99%

2,281,611

2.01%

337,321

70.50%

9. To disapply pre-emption rights for financing an acquisition.*

110,632,186

97.60%

2,726,234

2.40%

337,321

70.50%

10. To authorise the Company to purchase its own ordinary shares.*

112,895,811

99.59%

466,923

0.41%

333,007

70.50%

11. To authorise the Directors to hold general meetings on not less than 14 clear days' notice.*

113,049,920

99.43%

644,014

0.57%

1,808

70.71%

 

*Special Resolution

 

In relation to today's AGM, the Board recognises that there has been a number of votes cast against Resolution 4 (re-appointment of the external auditors). 

The Board takes the views of shareholders seriously and will consult with them over the coming months to ensure their views regarding the re-appointment of the external auditors are considered in detail. 

The Board would like to reiterate its commitment to maintaining the highest governance standards, supported by a robust external audit.

 

 

NOTES:

 

 

1.

All resolutions were passed.

 

2.

Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

 

3.

Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

 

4.

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.

 

5.

The number of shares in issue at close of business on 15 June 2018 was 160,800,000 (the "Share Capital") and at that time, the Company did not hold any shares in treasury.

 

6.

The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.

 

7.

The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.lucecoplc.com

 

8.

A copy of resolutions 7 - 11 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM

 

9.

The complete poll results will be available shortly on the Company's website at www.lucecoplc.com

 

 For further information please contact:

 

 

Luceco plc

John Hornby, Chief Executive Officer

Matt Webb, Chief Financial Officer

 

via MHP Communications

020 3128 8100

MHP Communications

Tim Rowntree

James White

Ollie Hoare

Rossina Garcia

 

020 3128 8100

Numis Securities

Stuart Skinner

Oliver Hardy

Toby Adcock 

020 7260 1000

     

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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