REG - Topps Tiles - Statement Regarding Shareholder Consultation

Topps TilesAnnouncement

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RNS Number : 1756R  Topps Tiles PLC  15 July 2025

Topps Tiles Plc

("Topps Tiles" or "the Company")

 

 

Statement Regarding Shareholder Consultation

 

Topps Tiles Plc, the UK's leading tile specialist, provides an update, in
accordance with the UK Corporate Governance Code following its Annual General
Meeting held on 15 January 2025 ("AGM").

 

At the Company's 2025 AGM, Whilst the majority of the Resolutions were passed
with majorities in excess of 50%, Resolution 3 (the remuneration report),
Resolution 7 (the re-election of Rob Parker), Resolution 9 (the re-election of
Diana Breeze) and Resolution 13 (the issue of equity), passed with a majority
of less than 80% (receiving votes in favour of 60.49%, 60.48%, 60.02% and
60.54% respectively).

 

Since the AGM, in accordance with provision 4 of the UK Corporate Governance
Code, the Board has engaged the relevant shareholders to understand and
discuss their views with respect to these resolutions.

 

With regards to the remuneration report and policy, the Company will consider
shareholder suggestions at its next comprehensive review of remuneration
policy.

 

On Chief Executive succession, on 26 June the Company was pleased to announce
the appointment of Alex Jensen as CEO designate from 15 September.

 

Regarding the issuing of equity and the need for such a resolution, the
rationale for the resolution was set out within the AGM notice.  It is
standard practice for companies to include such a resolution and the Company
has proposed this resolution regularly in line with Investment Association
guidelines.

 

The Company will continue to engage with its shareholders on remuneration
related matters.

 

Whilst the Board fully respects and acknowledges that a shareholder may choose
to vote against specific resolutions, the Board considers all the resolutions
proposed at the AGM to be in the best interests of all shareholders.

 

For further information please contact:

Joanne Steer, Company Secretary, Topps Tiles Plc

0116 2828000

Joanne.steer@toppstiles.co.uk (mailto:Joanne.steer@toppstiles.co.uk)

 

 

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