REG - Topps Tiles - Result of AGM

Topps TilesAnnouncement

15/01/2025 15:00

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RNS Number : 4736T  Topps Tiles PLC  15 January 2025

15 January 2025

 

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 -13), were duly passed by the requisite majority on a
poll.

The full text of each resolution is contained in the 2025 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  Number of

                                                                                                                                                                                                                             votes
 1   Approval of the Company's annual report and accounts                                                                            99.98                 17,034                0.02            90,073,780        45.80              58,569,649
                                                           90,056,746
 2   Declaration of a final dividend                                                                                                 99.99                 16,534                0.01          148,643,429         75.58              0
                                                           148,626,895
 3   Approval of the directors' remuneration report                                                                                  60.49          58,723,165                   39.51         148,625,892         75.57              17,537
                                                                          89,902,727
 4   Election of Denise Jagger as a director                                                                                         99.98                 26,355                0.02          148,622,654         75.57              20,775
                                                           148,596,299
 5   Election of Martin Payne as a director                                                                                          99.96                 56,035                0.04          148,621,154         75.56              22,275
                                                           148,565,119
 6   Re-election of Paul Forman as a director                                                                                        98.23            1,591,412                  1.77            89,949,039        45.73              58,694,390
                                                                                     88,357,627
 7   Re-election of Robert Parker as a director                                                                                      60.48          58,731,652                   39.52         148,625,150         75.57              18,279
                                                           89,893,498
 8   Re-election of Stephen Hopson as a director                                                                                     99.89               166,261                 0.11          148,625,150         75.57              18,279
                                                                                         148,458,889
 9   Re-election of Diana Breeze as a director                                                                                       60.02          59,424,991                   39.98         148,626,650         75.57              16,779
                                                           89,201,659
 10  Re-election of Kari Daniels as a director                                                                                       99.42               863,342                 0.58          148,626,650         75.57              16,779
                                                           147,763,308
 11  Re-appointment of Forvis Mazars LLP as auditor                                                                                  99.98                 24,534                0.02          148,639,929         75.57              3,500
                                                           148,615,395
 12  Authorisation of the auditor's remuneration                                                                                     99.99                 16,534                0.01          148,626,154         75.57              17,275
                                                           148,609,620
 13  Directors' authority to allot shares                                                                                            60.54          58,659,758                   39.46         148,639,433         75.57               3,996
                                                           89,979,675

 

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, Resolution 7, Resolution 9 and Resolution 13, passed with a
majority of less than 80% (receiving votes in favour of 60.49%, 60.48%, 60.02%
and 60.54% 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 www.toppsgroup.com  and, in accordance with UK Listing Rule 6.4.2,
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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

Enquiries:

 

 Topps Tiles Plc
 Joanne Steer, Company Secretary  0116 282 8000

 Citigate Dewe Rogerson
 Kevin Smith                      020 7638 9571

 

 

 

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