REG - Pollen Street Group - Result of AGM

Pollen StreetAnnouncement

13/06/2025 15:30

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RNS Number : 8501M  Pollen Street Group Limited  13 June 2025

 
Pollen Street Group Limited
 (the "Company")
 

Results of Annual General Meeting

 

The Company announces that at its Annual General Meeting held on Thursday, 12
June 2025, all the resolutions set out in the Notice of Annual General Meeting
were passed by the requisite majority.

 

Resolutions 15 and 16 - approval of Rule 9 Waiver

 

The Board is grateful for the engagement of shareholders and proxy agencies in
our consultation exercise ahead of the AGM and is pleased that all resolutions
were passed. The Board notes that, although they were approved, Resolutions 15
and 16 relating to the Rule 9 Waiver received less than 80% support (but still
in excess of 70% support). The Company will continue to engage with proxy
advisers and shareholders, on the rationale and merits of the Rule 9 Waiver,
however, it notes that proposing and adopting those resolutions is necessary
in order for the company to be able to effectively implement Resolutions 11
and 17, which were strongly supported.

 

                VOTES        %        VOTES       %        VOTES        % of ISC VOTED*  VOTES

FOR
AGAINST
TOTAL
WITHHELD
 Resolution 1

                49,098,063   99.76%   115,819     0.24%    49,213,882   81.36%           40,480
 Resolution 2

                48,944,347   99.40%   297,510     0.60%    49,241,857   81.41%           12,505
 Resolution 3

                40,309,156   84.80%   7,226,391   15.20%   47,535,547   78.59%           1,718,815
 Resolution 4

                49,119,997   99.73%   134,147     0.27%    49,254,144   81.43%           218
 Resolution 5

                42,146,669   85.57%   7,107,475   14.43%   49,254,144   81.43%           218
 Resolution 6

                46,887,831   95.20%   2,366,313   4.80%    49,254,144   81.43%           218
 Resolution 7

                44,085,590   89.51%   5,168,554   10.49%   49,254,144   81.43%           218
 Resolution 8

                44,501,341   90.35%   4,752,803   9.65%    49,254,144   81.43%           218
 Resolution 9

                49,244,692   99.98%   9,452       0.02%    49,254,144   81.43%           218
 Resolution 10

                49,248,410   99.99%   4,953       0.01%    49,253,363   81.43%           999
 Resolution 11

                43,223,017   87.92%   5,936,127   12.08%   49,159,144   81.27%           95,218
 Resolution 12

                46,047,590   93.49%   3,206,554   6.51%    49,254,144   81.43%           218
 Resolution 13

                44,963,821   92.14%   3,834,171   7.86%    48,797,992   80.67%           456,370
 Resolution 14

                44,855,534   91.92%   3,942,458   8.08%    48,797,992   80.67%           456,370
 Resolution 15

                19,429,392   72.82%   7,251,456   27.18%   26,680,848   44.11%           17,886
 Resolution 16

                20,643,472   77.37%   6,036,589   22.63%   26,680,061   44.11%           18,673
 Resolution 17

                46,085,526   93.58%   3,163,939   6.42%    49,249,465   81.42%           4,897

 

* Excludes the shares held in treasury at close of business on 10 June 2025.

 

 

 NOTES:

 1.      Votes "For" and "Against" any resolution are expressed as a percentage
         (rounded to two decimal places) of votes validly cast for that resolution.

 2.      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.

 3.      The number of shares in issue at close of business on 10 June 2025 was
         60,488,496 and 3,721,101 Ordinary Shares were held in treasury. The total
         number of voting rights in the Company was therefore 60,488,496. Up to 81.43%
         of voting capital was instructed.

 4.      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
         https://ir.pollenstreetgroup.com/investors/regulatory-announcements/
         (https://ir.pollenstreetgroup.com/investors/regulatory-announcements/)

 5.      Copies of resolutions will be made available for inspection from the National
         Storage Mechanism, situated at:
         https://data.fca.org.uk/#/nsm/nationalstoragemechanism
         (https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 6.      These poll results (inclusive of proxy results lodged before the AGM) will be
         available shortly on the Company's website at
         https://ir.pollenstreetgroup.com/investors/regulatory-announcements/
         (https://ir.pollenstreetgroup.com/investors/regulatory-announcements/)

 7.      Each resolution to re-elect independent non-executive directors (resolutions

       3, 5, 7, 8) has per Listing Rule 6.2.8R 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 Concert Party.

 8.      Per the Notice of AGM, the members of the Concert Party were not entitled to

       vote on the Authority for the Company to purchase its own shares or the Rule 9
         Waiver Resolutions (resolutions 15 and 16).

 

For further information about this announcement please contact:

 

Pollen Street Group Limited

Chris Palmer / Shweta Chugh: +44 (0)20 3728 6750

 

Barclays Bank plc - Joint Broker

Neal West / Stuart Muress: +44 (0)20 7623 2323

 

Investec - Joint Broker

Ben Griffiths / Kamalini Hull: +44 (0)20 7597 4000

 

MUFG Corporate Governance Limited -Company Secretary

polncosec@cm.mpms.mufg.com (mailto:polncosec@cm.mpms.mufg.com)

 

FGS Global - Communications Advisor

Chris.Sibbald@fgsglobal.com (mailto:Chris.Sibbald@fgsglobal.com)

 

13 June 2025

LEI: 894500LP94M98N8CY487

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