Last checked at 21 Oct 2021 14:19
21 October 2021
The Alumasc Group plc
("Alumasc", "Group" or the "Company")
DIRECTORATE CHANGE AND RESULTS OF AGM
Alumasc, the premium building products, systems and solutions group, announces that at the Annual General Meeting held earlier today at Station Road, Burton Latimer, Northamptonshire, NN15 5JP, all resolutions put to shareholders were duly passed. Full voting details are set out below.
Resolution 4 was withdrawn from today's AGM agenda following Jon Pither's decision not to seek re-election on health grounds. On this basis Jon has stepped down from the board with immediate effect.
Commenting on this John McCall, Group Chairman, said:
"Jon has been a Non-Executive Director of Alumasc for 29 years and has seen the company through many phases of public life. His contribution in both good and difficult times has been immense and his support unhesitating. His exceptional breadth of experience has enabled him to engage in all aspects of Alumasc business and development and his business sense has been greatly valued. He leaves Alumasc in a position of strength that owes a major debt to his input and governance. His colleagues at Alumasc warmly wish him a very happy retirement."
The results of the meeting on a poll were as follows:
VOTES FOR | % OF VOTES FOR | VOTES AGAINST | % OF VOTES AGAINST | VOTES WITHHELD1 | TOTAL VOTES VALIDLY CAST | ||
1 | To receive the reports of the Directors and Auditor and the accounts for the year ended 30 June 2021 | 16,397,422 | 100.00% | 246 | 0.00% | 9,859 | 16,397,668 |
2 | To receive the report of the Remuneration Committee for the year ended 30 June 2021 | 16,383,262 | 99.88% | 20,011 | 0.12% | 4,254 | 16,403,273 |
3 | To declare a final dividend of 6.25 pence per share | 16,407,273 | 100.00% | 0 | 0.00% | 254 | 16,407,273 |
4 | To re-elect Jon Pither as a Director | Resolution Withdrawn | |||||
5 | To elect Simon Dray as a Director | 16,367,876 | 99.79% | 34,371 | 0.21% | 5,280 | 16,402,247 |
6 | To re-appoint BDO LLP as Auditor of the Company to hold office until the conclusion of the next AGM | 16,394,228 | 99.94% | 9,881 | 0.06% | 3,418 | 16,404,109 |
7 | That the Audit Committee be authorised to determine the Auditor's remuneration | 15,559,971 | 94.94% | 829,743 | 5.06% | 17,813 | 16,389,714 |
8 | To authorise the renewal of Directors' authorities to allot shares | 16,389,267 | 99.95% | 7,401 | 0.05% | 10,859 | 16,396,668 |
9 | To authorise the Directors to disapply pre-emption rights: General (special resolution) | 16,347,336 | 99.71% | 47,230 | 0.29% | 12,961 | 16,394,566 |
10 | To authorise the disapplication of statutory pre-emption rights: Acquisition or capital investment (special resolution) | 16,345,258 | 99.65% | 57,308 | 0.35% | 4,961 | 16,402,566 |
11 | To authorise the Company's authority to purchase its own shares (special resolution) | 15,912,207 | 99.78% | 34,462 | 0.22% | 460,858 | 15,946,669 |
Notes:
1. A vote 'withheld' is not a vote in English Law and not counted in the calculation of votes cast 'for' or 'against' a resolution.
ENDS
Enquiries:
The Alumasc Group plc | +44 (0) 1536 383 844 | |
Paul Hooper (Chief Executive) | ||
Helen Ashton (Group Company Secretary) |
+44 (0) 1536 383812 | |
finnCap Ltd (Nomad) | +44 (0) 207 220 0500 | |
Julian Blunt | ||
Edward Whiley | ||
Peel Hunt LLP (Broker) | +44 (0) 207 418 8831 | |
Mike Bell | ||
Ed Allsopp | ||
| Camarco | |
| Ginny Pulbrook | +44 (0) 203 757 4992 |
| Dan Sherwen | +44 (0) 203 781 9241 |
| email: alumasc@camarco.co.uk | |
The Alumasc Group plcBurton Latimer, Kettering, Northants NN15 5JP
LEI: 2138002MV11VKZFJ4359
About Alumasc:
Alumasc is a UK-based supplier of premium building products, systems and solutions. Almost 80% of group sales are driven by building regulations and specifications (architects and structural engineers) because of the performance characteristics offered.
The Group has three business segments with strong positions and brands in their individual markets. The three segments are: Building Envelope; Water Management; and Housebuilding Products.