REG - Peel Hunt Limited - Board Changes and AGM Results

Peel HuntAnnouncement

07/07/2022 15:00

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RNS Number : 7294R  Peel Hunt Limited  07 July 2022

7 July 2022

Peel Hunt Limited

("Peel Hunt" or the "Company")

 

Board Changes, Change of Company Secretary and Results of AGM

 

 

Following the AGM held today, Peel Hunt provides the following updates:

 

Board Changes

The Company is pleased to announce that Lucinda Riches has been appointed as
Chair effective immediately. Lucinda replaces Simon Hayes, who has stepped
down from the Board after nearly thirty years with Peel Hunt, serving as CEO
from 2006 and Chair from 2016. The Board would like to thank Simon for his
stewardship and the significant role he has played in the success of the
business over the years.

 

Commenting on her new role, Lucinda Riches said:

 

"I'm delighted to be taking over as Chair and leading the Company in its next
phase of growth. Having worked closely with the Board since my appointment, I
look forward to crystallising our strategic plan and realising our future
opportunities. I am grateful for Simon's knowledge and insight of the business
which has been invaluable during our transition."

 

Simon Hayes, departing as Chair, said:

 

"It has been a privilege to spend nearly thirty years with Peel Hunt and I am
proud of what has been achieved.  Having worked closely with Lucinda over the
last year, I know that, under her leadership, the Company is in excellent
hands and that there is still so much more to come.

 

I wish everyone at Peel Hunt every success and look forward to seeing their
strategic ambitions come to fruition."

 

Steven Fine, Chief Executive of Peel Hunt, said:

 

"I want to express my gratitude and personal thanks to Simon. Having worked
with him for many years, his commitment, passion and advice have been
invaluable. He has led the Board through a successful IPO and transition to a
public listed company. He departs with our very best wishes for the future."

 

Appointment of Company Secretary

The Company is pleased to further announce the appointment of our General
Counsel, Michael Lee as Company Secretary with immediate effect. Consequently,
Sunil Dhall, Chief Financial & Operating Officer and Company Secretary has
relinquished his role as Company Secretary.

 

Results of the AGM

Following the Annual General Meeting held today, 7 July 2022, Peel Hunt
announces the result of the poll vote for each resolution as follows:

 

                                                                               VOTES       %       VOTES     %     VOTES

FOR
AGAINST
WITHHELD
 1.   Report and Accounts for the year ended 31 March 2022                     46,390,070  100.00  964       0.00  0
 2.   Approve the final dividend  for the year ended 31 March 2022             46,391,034  100.00  0         0.00  0
 3.   Approve the Directors Remuneration Report for the year ended 31 March    45,805,179  98.74   585,855   1.26  0
 2022
 4.   To re-appoint PwC as auditor                                             46,384,346  99.99   6,688     0.01  0
 5.   To authorise the Directors to determine the auditor remuneration         46,383,934  99.98   7,100     0.02  0
 6.   To elect Lucinda Riches                                                  46,385,570  99.99   5,464     0.01  0
 7.   To elect Steven Fine                                                     46,385,570  99.99   5,464     0.01  0
 8.   To elect Sunil Dhall                                                     46,385,570  99.99   5,464     0.01  0
 9.   To elect Maria Bentley                                                   46,385,570  99.99   5,464     0.01  0
 10.  To elect Liz Blythe                                                      46,385,570  99.99   5,464     0.01  0
 11.  To elect Richard Brearley                                                46,385,570  99.99   5,464     0.01  0
 12.  To elect Darren Carter                                                   46,385,570  99.99   5,464     0.01  0
 13.  To authorise the Company to purchase its own shares                      40,518,254  99.98   7,341     0.02  5,865,439
 14.  To dis-apply pre-emption rights                                          46,373,693  99.96   17,341    0.04  0
 15.  To dis-apply pre-emption rights on additional 5% of shares               46,373,693  99.96   17,341    0.04  0

 

 

For further information, please contact:

 

 Peel Hunt via MHP
 Steven Fine, CEO

 Sunil Dhall, CFOO
 MHP (Financial PR)                               +44 (0)20 3128 8540

                                                  peelhunt@mhpc.com
 Andrew Jaques

 Charlie Barker

 Robert Collett-Creedy
 Grant Thornton UK LLP (Nominated Adviser)        +44 (0)20 7728 2942
 Colin Aaronson

 Daphne Zhang

 Sam Littler

 Keefe, Bruyette & Woods (Corporate Broker)       +44 (0) 207 710 7600
 Alistair McKay

 Alberto Moreno Blasco

 Fred Walsh

 Dennis Towers

 

 

Notes to editors

 

Peel Hunt is a leading specialist in UK Investment Banking, ranked number one
broker for UK mid- and small-cap companies in Institutional Investor's 2021
Survey. Our purpose is to nurture and guide people through the evolution of
business. We achieve this through a proven, joined-up approach that
consistently delivers value to UK corporates, global institutions and trading
counterparties alike.

 

We have 165 corporate clients (including 34 in the FTSE 350), with an average
market capitalisation of approximately £600m. Our award-winning research is
distributed to over 1,235 institutions across the UK, Europe and US. Our
trading platform makes markets in over 10,000 instruments on over 45 markets
and is an increasingly important provider of trade execution services to UK
retail platforms and brokers.

 

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