REG - Topps Tiles - Result of AGM

Topps TilesAnnouncement

18/01/2024 16:00

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RNS Number : 2005A  Topps Tiles PLC  18 January 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

For immediate release

18 January 2024

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 (1 -12), save for one (Resolution 13), were duly passed
by the requisite majority on a poll.

The full text of each resolution is contained in the 2024 Notice of AGM which
is available on the Company's website www.toppsgroup.com.

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

     Resolution                                            VOTES FOR                 VOTES AGAINST             VOTES TOTAL                WITHHELD
                                                           Number of votes  %        Number of votes  %        Number of votes  % of ISC
 1   Approval of the Company's annual report and accounts  159,914,063      99.99%   8,494            0.01%    159,922,557      81.31%    21,558
 2   Declaration of a final dividend                       159,937,121      100.00%  6,994            0.00%    159,944,115      81.32%    0
 3   Approval of the directors' remuneration report        101,269,664      63.33%   58,641,565       36.67%   159,911,229      81.30%    32,886
 4   Election of Paul Forman as a director                 159,886,513      99.98%   35,124           0.02%    159,921,637      81.31%    22,478
 5   Re-election of Robert Parker as a director            101,315,684      99.97%   34,804           0.03%    101,350,488      51.53%    58,593,627
 6   Re-election of Stephen Hopson as a director           159,884,029      99.98%   36,108           0.02%    159,920,137      81.31%    23,978
 7   Re-election of Keith Down as a director               158,399,159      99.05%   1,521,097        0.95%    159,920,256      81.31%    23,859
 8   Re-election of Diana Breeze as a director             100,151,008      62.63%   59,756,964       37.37%   159,907,972      81.30%    36,143
 9   Re-election of Kari Daniels as a director             158,720,437      99.26%   1,187,535        0.74%    159,907,972      81.30%    36,143
 10  Re-appointment of Mazars LLP as auditor               159,909,799      99.99%   11,758           0.01%    159,921,557      81.31%    22,558
 11  Authorisation of the auditor's remuneration           159,911,209      99.99%   11,758           0.01%    159,922,967      81.31%    21,148
 12  Directors' authority to allot shares                  100,358,821      62.75%   59,585,294       37.25%   159,944,115      81.32%    0
 13  Directors' authority to purchase shares               101,359,797      63.37%   58,581,121       36.63%   159,940,918      81.32%    3,197

 

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. Whilst the majority of the
Resolutions were passed with majorities in excess of 50%, the Board notes that
Resolution 3 (Approval of the director's remuneration report), Resolution 8
(Re-election of Diana Breeze as director) and Resolution 12 (Director's
authority to allot shares), passed with a majority of less than 80% (receiving
votes in favour of 63.33%, 62.63% and 62.75% respectively) and Resolution 13
(authority to purchase shares) failed to pass, receiving votes in favour of
63.37%.

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 www.toppsgroup.com  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 (http://www.data.fca.org.uk) .

 

Enquiries:

 Topps Tiles Plc
 Joanne Steer, Company Secretary  0116 282 8000

 Citigate Dewe Rogerson
 Kevin Smith / Ellen Wilton       020 7638 9571

 

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