REG - Luceco PLC - Result of AGM

LucecoAnnouncement

04/06/2020 16:20

RNS Number : 0210P
  
Luceco PLC
  
04 June 2020
  
 

Luceco plc
(the "Company")
 
4 June 2020
 
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


123,369,913


99.99


11,865


0.01


425,000


76.73%




2. To approve the Directors' Remuneration Report


123,364,708


99.99


15,666


0.01


426,404


76.73%




3.  To approve the Directors' Remuneration Policy


113,292,183


91.51


10,509,986


8.49


4,609


76.99%




4. To re-elect Giles Brand as a Director 


119,949,511


96.89


3,855,438


3.11


1,829


76.99%




5. To re-elect Caroline Brown as a Director


113,596,664


91.75


10,208,429


8.25


1,686


76.99%




6. To re-elect John Hornby as a Director


123,799,524


100.00


5,426


0.00


1,829


76.99%




7.  To re-elect Will Hoy as a Director 


123,799,524


100.00


5,426


0.00


1,829


76.99%




 8. To re-elect Tim Surridge      as a Director


123,368,084


99.65


436,865


0.35


1,829


76.99%




 9. To re-elect Matt Webb

     as a Director 


123,352,416


99.63


452,534


0.37


1,829


76.99%




10.         To re-appoint KPMG LLP as Auditor of the Company


123,374,263


100.00


5,426


0.00


427,090


76.73%




11.         To authorise the Audit Committee to determine the Auditor's remuneration 


123,799,263


100.00


5,426


0.00


2,090


76.99%




12.         To authorise the Company to make political donations


122,365,058


99.18


1,014,630


0.82


427,090


76.73%




13. To authorise the Directors to allot ordinary shares


123,674,199


99.89


130,347


0.11


2,233


76.99%




14.         To authorise the issue of equity without pre-emption rights*


123,799,120


100.00


5,426


0.00


2,233


76.99%




15. To authorise the issue of equity without pre-emption rights in connection with an acquisition or capital investment*


123,367,680


99.65


436,865


0.35


2,233


76.99%




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


123,359,759


99.64


446,615


0.36


404


76.99%




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


123,650,826


99.87


155,953


0.13


0


76.99%













 
*Special Resolution
 
For the purposes of the FCA Listing Rules, the Luceco plc Concert Party (being EPIC Investments LLP, Giles Brand and John Hornby) is a controlling shareholder, whose votes accounted for 83,531,291 of votes received (44,064,372 shares, 9,466,919 shares and 30,000,000 shares respectively). Each resolution to re-elect independent non-executive directors (resolutions 5, 7 and 8) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by: (i) the shareholders of the Company as a whole; and (ii) the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.



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 2 June 2020 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 13-17 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
 




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 8572




MHP Communications
Tim Rowntree
James Bavister
 


020 3128 8572








 


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