Last checked at 12 Dec 2018 14:17
Wednesday 12 December 2018
Volution Group plc
Results of Annual General Meeting
Volution Group plc (the "Company", LSE: FAN) a leading supplier of ventilation products to the residential and commercial construction markets, announces that all resolutions put to the Annual General Meeting held at 12:00 noon on 12 December 2018 at Norton Rose Fulbright LLP, 3 More London Riverside, London SE1 2AQ, were duly passed on a poll. The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.
Resolution
| FOR 1 | AGAINST | WITHHELD 2 | % OF TOTAL VOTES IN FAVOUR | |||
| Number of votes | % of votes cast | Number of votes | % of votes cast | Number of votes | ||
01 | Annual Report and Accounts | 174,320,766 | 100.00% | 0 | 0.00% | 0 | 100.00% |
02 | Directors' Remuneration Report | 165,154,273 | 94.74% | 9,166,492 | 5.26% | 0 | 94.74% |
03 | Final Dividend | 174,320,766 | 100.00% | 0 | 0.00% | 0 | 100.00% |
04 | Re-elect Peter Hill, CBE | 173,012,792 | 99.25% | 1,306,977 | 0.75% | 997 | 99.25% |
05 | Re-elect Ian Dew | 174,319,769 | 100.00% | 0 | 0.00% | 997 | 100.00% |
06 | Re-elect Ronnie George | 174,319,769 | 100.00% | 0 | 0.00% | 997 | 100.00% |
07 | Re-elect Paul Hollingworth | 174,197,501 | 99.93% | 122,268 | 0.07% | 997 | 99.93% |
08 | Re-elect Tony Reading, MBE | 174,197,501 | 99.93% | 122,268 | 0.07% | 997 | 99.93% |
09 | Re-elect Claire Tiney | 174,197,501 | 99.93% | 122,268 | 0.07% | 997 | 99.93% |
10 | Elect Amanda Mellor | 174,319,769 | 100.00% | 0 | 0.00% | 997 | 100.00% |
11 | Re-appoint auditor | 165,175,208 | 100.00% | 997 | 0.00% | 9,144,561 | 100.00% |
12 | Remuneration of auditor | 174,319,769 | 100.00% | 0 | 0.00% | 997 | 100.00% |
13 | Authority to incur political donations | 166,538,274 | 95.54% | 7,779,492 | 4.46% | 3,000 | 95.54% |
14 | Authority to allot shares | 160,483,526 | 92.06% | 13,837,240 | 7.94% | 0 | 92.06% |
15 3 | Authority to disapply pre-emption rights | 169,547,416 | 97.26% | 4,772,353 | 2.74% | 997 | 97.26% |
16 3 | Authority to purchase ordinary shares | 164,754,866 | 94.73% | 9,165,495 | 5.27% | 400,405 | 94.73% |
17 3 | Authority to call a general meeting on 14 clear days' notice | 169,087,832 | 97.00% | 5,232,934 | 3.00% | 0 | 97.00% |
Notes:
1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.
2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
3. Indicates Special Resolutions requiring a 75% majority to be passed.
4. The Company's total ordinary shares in issue as at 12 December 2018, was 200,000,000 ordinary shares of 1 pence each, of which 1,759,884 ordinary shares are held as Treasury Shares. Therefore the total voting rights are 198,240,116 ordinary shares (ordinary shareholders are entitled to one vote per ordinary share held).
5. The proxy votes received, including votes withheld, amount to 87.93% of the total voting rights.
In accordance with UK Listing Rule 9.6.2 copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM
The Notice of Annual General Meeting 2018 together with the Annual Report and Accounts 2018 can be found on the Company's website at:
http://www.volutiongroupplc.com/investors/reports-results-and-presentations
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Enquiries:
Volution Group plc
Michael Anscombe, Company Secretary +44 (0) 1293 441662
Legal Entity Identifier: 213800EPT84EQCDHO768
Notes to Editors:
Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.
The Volution Group operates through two divisions: the Ventilation Group and the OEM (Torin-Sifan) division. The Ventilation Group comprises 15 key brands - Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Fresh, PAX, VoltAir, Welair, Kair, Air Connection, inVENTer, Ventilair and Simx, focused primarily on the UK, the Nordic, Central European and Australasian ventilation markets. The Ventilation Group principally supplies ventilation products for residential and commercial ventilation applications. The OEM (Torin-Sifan) division supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe.
For more information, please go to: www.volutiongroupplc.com