Result of AGM

Real Good Food

27/09/2019 11:53

RNS Number : 9803N

Real Good Food PLC

27 September 2019

 

27 September 2019

Real Good Food plc

("RGF" or "the Company")

Result of AGM

The Company announces that at its Annual General Meeting (the "Meeting") held yesterday, all proposed Resolutions, with the exception of Resolutions 5, 7 and 8, were duly passed on a show of hands.

Resolution 5 to re-appoint Hugh Cawley as a director was moved to not be put to a vote by the Chairman; Hugh Cawley having resigned from his role as a director of the Company after the notice of the Meeting had been issued, as announced on 3 September 2019. At the request of certain minority shareholders present, the Resolution was put to the Meeting by means of a poll. The Resolution was not passed.

Resolution 7 to authorise the directors of the Company to allot shares was put to the Meeting and voted on by means of a poll. Resolution 7 was duly passed by a majority.

Resolution 8, a special resolution, to authorise the directors of the Company to not apply pre-emption rights, was put to the Meeting and voted on by means of a poll. Resolution 8 was not passed.

In relation to the three resolutions voted on by means of a poll, the Company's three major shareholders abstained from voting on Resolutions 7 and 8 and two of the major shareholders abstained from voting on Resolution 5.

The Board notes the significant votes against certain resolutions by minority shareholders and intends to engage actively with minority shareholders.

The result of all proxy votes (as updated for the poll votes on Resolutions 5,7 and 8 as described above) was as follows:

Resolution
Voting Method
Votes For
Votes Against
Votes withheld
Total Votes Cast (excluding withheld)
No of Shares
% of shares voted
No of shares
% of shares voted
No of shares
1
Proxy
9,033,034
67.00%
4,450,000
33.00%
13,483,034
2
Proxy
13,478,734
99.97%
4,300
0.03%
13,483,034
3
Proxy
9,028,734
66.96%
4,454,300
33.04%
13,483,034
4
Proxy
9,025,925
66.94%
4,457,109
33.06%
13,483,034
5
Poll
6,833,810
18.56%
29,989,222
81.44%
36,823,032
6
Proxy
9,033,810
67.00%
4,450,000
33.00%
13,483,810
7
Poll
9,012,498
61.36%
5,675,692
38.64%
23,339,566
14,688,190
8
Poll
9,011,887
61.35%
5,676,303
38.65%
23,339,566
14,688,190

Total shares in issue as at 26 September 2019: 99,564,430

Enquiries:

Real Good Food plc
Mike Holt, Executive Chairman
Maribeth Keeling, Finance Director
Tel: 0151 541 3790
finnCap Limited (Nomad and Broker)
Matt Goode / Carl Holmes / James Thompson (Corporate Finance)
Tel: 020 7220 0500
MHP Communications (Financial PR)
Reg Hoare / Katie Hunt
Tel: 020 3128 8100
rgf@mhpc.com
About Real Good Food
Real Good Food plc is a food manufacturing business serving a number of market sectors including retail (own label and private label), manufacturing and export. The Company has two businesses, Cake Decoration (Renshaw and Rainbow Dust Colours) and Food Ingredients (Brighter Foods), with leading brands in their chosen markets.

 

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