REG - Vp PLC - Results of Annual General Meeting

VPAnnouncement

23/07/2025 15:00

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RNS Number : 2853S  Vp PLC  23 July 2025

   23 July 2025

 
Vp plc

('Vp', the 'Group' or the 'Company')

 

Results of Annual General Meeting

 

Vp plc (the "Company") announces that at its Annual General Meeting ("AGM")
held today, all resolutions set out in the notice of the AGM were passed by
the requisite majority of votes by shareholders by way of a poll.

 

The full text of the resolutions proposed at the AGM is included in the
Company's Notice of AGM published on 23 June 2025, which is available on the
Investors section of the Company's website at https://www.vpplc.com/investors/
(https://www.vpplc.com/investors/) .

 

The results of the poll for each resolution were as follows:

 

                                                                                 VOTES FOR   %        VOTES AGAINST  %      TOTAL SHARES VOTED  % OF ISSUED SHARE CAPITAL VOTED  VOTES WITHHELD
 ORDINARY RESOLUTIONS

 1. To receive the Company's financial statements and the reports of the         32,043,705  99.99%   1,631          0.01%  32,045,336          79.81%                           -
 Directors together with the Auditor's Report for the year ended 31 March 2025

 2. To declare a final dividend of 28.0 pence per ordinary share                 32,045,205  100.00%  131            0.00%  32,045,336          79.81%                           -

 3. To re-elect Jeremy Pilkington as a Director                                  31,376,810  98.05%   624,076        1.95%  32,000,886          79.69%                           44,450

 4. To re-elect Anna Bielby as a Director                                        31,769,994  99.14%   274,892        0.86%  32,044,886          79.80%                           450

 5. To re-elect Keith Winstanley as a Director                                   32,040,449  99.99%   4,437          0.01%  32,044,886          79.80%                           450

 6. To re-elect Mark Bottomley as a Director                                     29,996,460  93.61%   2,048,426      6.39%  32,044,886          79.80%                           450

 7. To re-elect Stuart Watson as a Director                                      31,574,935  99.58%   133,630        0.42%  31,708,565          78.97%                           336,771

 8. To elect Richard Smith as a Director                                         32,040,449  99.99%   4,437          0.01%  32,044,886          79.80%                           450

 9. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company           31,989,625  99.83%   55,711         0.17%  32,045,336          79.81%                           -

 10. To authorise the directors to determine the auditor's remuneration          32,041,705  99.99%   3,631          0.01%  32,045,336          79.81%                           -

 11. To approve the Directors' Remuneration Report                               32,030,885  99.96%   12,751         0.04%  32,043,636          79.80%                           1,700

 SPECIAL RESOLUTIONS

 12. To authorise the Company to purchase its own shares                         31,796,122  99.22%   249,050        0.78%  32,045,172          79.81%                           164

 13. To approve the calling of a general meeting other than an annual general    31,985,811  99.81%   59,525         0.19%  32,045,336          79.81%                           -
 meeting on not less than 14 clear days' notice

 

Ackers P Investment Company Limited (a company of which Jeremy Pilkington is a
director) is regarded as a controlling shareholder of the Company for the
purposes of the Listing Rules, and each resolution to re-elect independent
non-executive directors (resolutions 6, 7 and 8) have under Listing Rule
9.2.2E been approved by a majority of the votes cast by:

 

(i)            the shareholders of the Company as a whole; and

(ii)           the independent shareholders of the Company, that is,
all the shareholders entitled to vote on each resolution excluding the
controlling shareholder.

 

Votes cast by shareholders excluding the controlling shareholder are shown
below:

 

 RESOLUTION                                   VOTES FOR   %       VOTES AGAINST  %       TOTAL SHARES VOTED  % OF ISSUED SHARE CAPITAL VOTED  VOTES WITHHELD
 6. To re-elect Mark Bottomley as a Director  9,815,049   82.72%  2,048,426      17.26%  11,863,475          29.54%                           450

 7. To re-elect Stuart Watson as a Director   11,393,524  98.83%  133,630        1.16%   11,527,154          28.71%                           336,771

 8. To re-elect Richard Smith as a Director   11,859,038  99.95%  4,437          0.04%   11,863,475          29.54%                           450

 

Notes:

1.            All resolutions were passed.

 

2.            Any proxy appointments giving discretion to the
Chairman of the AGM have been included in the "For" total.

 

3.            Votes "For" and "Against" any resolution are
expressed as a percentage of votes validly cast for that resolution.

 

4.            A vote "Withheld" is not a vote in law and is not
counted in the calculation of percentage of shares voted  "For" or "Against"
any resolution nor in the calculation of the "% of issued share capital voted"
for any resolution.

 

5.            The Company's total of ordinary shares in issue
(total voting rights) on 20 June 2025, being the time at which a person had to
be registered in the Company's register of members in order to vote at the
AGM, was 40,154,253 ordinary shares of 5 pence each. Ordinary shareholders are
entitled to one vote per ordinary share held.

 

6.            The total number of ordinary shares held by
shareholders excluding the controlling shareholder on 20 June 2025 was
19,972,842.

 

7.            In accordance with paragraph 9.6.2 of the Listing
Rules, a copy of the resolutions passed at the AGM will shortly be submitted
to the National Storage Mechanism and will be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

8.            A copy of this announcement will be available on the
Company's website at https://www.vpplc.com/investors/
(https://www.vpplc.com/investors/) .

 

 

- ENDS -

 

For further information:

 Vp plc
 Anna Bielby, Chief Executive Officer       Tel: +44 (0) 1423 533 400
 Keith Winstanley, Chief Financial Officer           www.vpplc.com (http://www.vpplc.com)

 

 Media enquiries:
 Justin Griffiths/Nick Johnson/Amy Gibson  Tel: +44 (0) 2071 006 451
                                           vp@client.sodali.com
                                           (https://vpplc-my.sharepoint.com/personal/lmansf_vpplc_com/Documents/vp@client.sodali.com)

 

Notes to Editors

Vp plc is a specialist equipment rental business providing equipment, people,
services and support for specialist projects. It focusses on niche sectors
principally in the Infrastructure, Construction, Housebuilding and Energy
markets in the UK and overseas. Businesses include: Groundforce, TPA, Torrent
Trackside, Brandon Hire Station, ESS, MEP Hire, CPH, UK Forks, Airpac Rentals
and Tech Rentals. Vp Rail is the Group's integrated rail solution providing
customers with direct access to all of Vp's rail specialisms through a central
team.

 

Our approach to environmental and social impact is guided by our core values
and responsible business framework, for more information go to:
www.vpplc.com/esg-and-governance/ (http://www.vpplc.com/esg-and-governance/)

 

 

 

 

 

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