REG - Topps Tiles - Result of AGM

Topps TilesAnnouncement

19/01/2022 18:30

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RNS Number : 0152Z  Topps Tiles PLC  19 January 2022

19 January 2022

Topps Tiles Plc

 

Result of AGM

Topps Tiles Plc (the "Company"), the UK's leading tile specialist, announces
that at its Annual General Meeting (the "AGM") held earlier today, all of the
resolutions proposed were duly passed by the requisite majority on a poll. The
full text of each resolution is contained in the 2022 Notice of AGM which is
available on the Company's website http://www.toppstilesplc.com/
(https://protect-eu.mimecast.com/s/K6b7Cj2ZjSnnK2zH1JDdp/)

 

The following table shows the total number of votes cast for each resolution:

 

 Resolution  Total votes for  %       Against     %      Withheld
 1           150,141,964      99.99   3,000       0.01   38,263
 2           150,173,753      100.00  0           0      9,474
 3           149,124,453      99.32   1,015,636   0.68   43,138
 4           116,630,028      77.68   33,507,293  22.32  45,906
 5           150,104,991      99.98   31,673      0.02   46,563
 6           149,932,974      99.98   29,672      0.02   45,063
 7           148,954,315      99.33   1,006,831   0.67   46,563
 8           148,956,035      99.33   1,006,611   0.67   45,063
 9           148,955,815      99.33   1,006,831   0.67   45,063
 10          149,962,296      99.99   4,650       0.01   40,763
 11          149,966,601      99.99   2,500       0.01   38,608
 12          116,409,476      77.61   33,588,484  22.39  9,749
 13          116,426,920      77.62   33,567,040  22.38  13,749
 14          116,437,331      77.63   33,560,629  22.37  9,749
 15          115,539,256      77.03   34,458,136  22.97  10,317
 16          149,650,298      99.77   347,937     0.23   9,474

 

Notes

 1.  Any proxy appointments which gave discretion to the Chairman have been
     included in the "Total votes for" total.
 2.  A "Vote Withheld" is not a valid vote in English law and was not counted in
     the calculation of the proportion of the votes "For" or "Against" a
     resolution.
 3.  As at the date of the AGM the issued share capital of the Company was
     196,681,818 ordinary shares of 3.33 pence each.

 

The Board would like to thank shareholders for their engagement and support
ahead of the AGM and throughout the year. While the majority of the
resolutions were passed with majorities in excess of 99%, the Board notes that
Resolution 4 (to re-elect Darren Shapland as a Director) and Resolutions 12
(Directors' Authority to Allot Shares), 13 (Disapplication of Pre-emption
Rights - General), 14 (Disapplication of Pre-emption Rights - Specific) and 15
(Authority to Make Market Purchases of Shares) passed with a majority of less
than 80% (receiving votes in favour of 77.68%, 77.61%, 77.62%, 77.63% and
77.03% respectively).

 

In accordance with provision 4 of the UK Corporate Governance Code (the
"Code"), the Board confirms that it will consult and engage with the relevant
shareholders to understand and discuss their views with respect to these
resolutions. An update will be provided within six months of the AGM, in
accordance with the Code.

 

These results will shortly be available on the Company's website at
http://www.toppstilesplc.com/
(https://protect-eu.mimecast.com/s/K6b7Cj2ZjSnnK2zH1JDdp/)   and, in
accordance with Listing Rule 9.6.2, copies of the resolutions that were passed
at the meeting and that do not constitute ordinary business at an annual
general meeting will be submitted to the National Storage Mechanism and will
shortly be available for inspection at www.data.fca.org.uk
(https://protect-eu.mimecast.com/s/rFfRClOxls220yWhVDHIB)

 

 

Enquiries:

 

 Topps Tiles Plc
 Alistair Hodder, Company Secretary  0116 282 8000

 Citigate Dewe Rogerson
 Kevin Smith / Ellen Wilton          020 7638 9571

 

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