REG - Luceco PLC - Result of AGM

LucecoAnnouncement

19/06/2018 16:35

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



 
 
 



 




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