Last checked at 19 May 2021 14:12
19 May 2021
Distribution Finance Capital Holdings plc("DFC", "DF Capital" or the "Company" or together with its subsidiaries the "DFC Group")
AGM Results
The Company today announces that the following resolutions proposed at the Annual General Meeting ("AGM") of the Company held earlier today were passed by shareholders of the Company.
Resolutions 1, and 3 to 13 were proposed and passed as Ordinary Resolutions.
Resolution 14 was proposed as a Special Resolution but was not passed by the requisite majority. As announced earlier today, Resolution 2 was withdrawn prior to the AGM.
Distribution Finance Capital Holdings plc Annual General Meeting Poll Results:
Resolution No. | Votes For | % | Votes Against | % | Votes Total | % I.S.C. | Votes Withheld |
01 - to receive the reports of the Directors and the Auditors and the audited accounts for the financial year ended 31 December 2020 | 153,241,703 | 100.00% | 0 | 0.00% | 153,241,703 | 85.43 | 0 |
02 - to re-elect John Baines as a Director | Resolution withdrawn | ||||||
03 - to re-elect Carl D'Ammassa as a Director | 153,241,261 | 100.00% | 0 | 0.00% | 153,241,261 | 85.43 | 442 |
04 - to re-elect Stephen Greene as a Director | 153,241,261 | 100.00% | 0 | 0.00% | 153,241,261 | 85.43 | 442 |
05 - to re-elect Thomas Grathwohl as a Director | 153,241,261 | 100.00% | 0 | 0.00% | 153,241,261 | 85.43 | 442 |
06 - to re-elect Carole Machell as a Director | 153,241,261 | 100.00% | 0 | 0.00% | 153,241,261 | 85.43 | 442 |
07 - to re-elect Gavin Morris as a Director | 153,241,261 | 100.00% | 0 | 0.00% | 153,241,261 | 85.43 | 442 |
08 - to re-elect Haakon Stenrod as a Director | 153,241,261 | 100.00% | 0 | 0.00% | 153,241,261 | 85.43 | 442 |
09 - to re-elect Mark Stephens as a Director | 153,241,261 | 100.00% | 0 | 0.00% | 153,241,261 | 85.43 | 442 |
10 - to appoint Deloitte as Auditors of the Company to hold office until the next general meeting at which accounts are laid | 153,241,703 | 100.00% | 0 | 0.00% | 153,241,703 | 85.43 | 0 |
11 - to authorise Directors to determine the remuneration of the Auditors | 153,241,703 | 100.00% | 0 | 0.00% | 153,241,703 | 85.43 | 0 |
12 - to authorise the Directors to allot shares | 82,611,803 | 53.91% | 70,629,900 | 46.09% | 153,241,703 | 85.43 | 0 |
13 - To authorise the Company to make political donations and incur political expenditure. | 149,820,671 | 97.77% | 3,421,032 | 2.23% | 153,241,703 | 85.43 | 0 |
14 - authority to disapply statutory pre-emption rights | 82,611,803 | 53.91% | 70,629,900 | 46.09% | 153,241,703 | 85.43 | 0 |
The Company notes that Resolution 14 did not achieve the requisite 75% majority to pass, and while Resolution 12 did pass with the required majority (53.91%), there was a sizable vote against it. The Company acknowledges these votes and will engage with shareholders to further understand the reasons behind this vote. An update on this engagement will be published within 6 months of the AGM.
Enquiries:
Distribution Finance Capital Holdings plc
Carl D'Ammassa - Chief Executive Officer +44 (0) 161 413 3391
Kam Bansil - Head of Investor Relations +44 (0) 7779 229508
http://www.dfcapital-investors.com
Investec Bank plc (NOMAD and broker) +44 (0) 20 7597 5970
David Anderson
Bruce Garrow
Harry Hargreaves
Maria Gomez de Olea