Last checked at 27 Jun 2019 17:20
27th June 2019
Gama Aviation Plc (AIM: GMAA)
("Gama Aviation", "the Company" or "the Group")
Result of Annual General Meeting
Gama Aviation Plc, the global business aviation services provider, is pleased to announce that at its Annual General Meeting held today, all of the Resolutions proposed were duly passed.
The full text of the resolutions can be found in the Notice of the Annual General Meeting, a copy of which is also available on the Company's website. The Company's issued share capital as at today's date is 63,636,279 ordinary shares and the number of votes per share is one. No ordinary shares are held in treasury.
Details of the proxy votes received on each resolution by the Company's Registrar are set out below:
Resolution | Votes for | % | Votes against | % | Votes withheld |
1. Ordinary resolution to receive and adopt the Company's annual accounts for the financial year ended 31 December 2018. | 42,177,288 | 100 | 0 | 0 | 1,500 |
2. Ordinary resolution to appoint PricewaterhouseCoopers LLP as the auditors. | 42,177,238 | 99.99 | 1,500 | 0 | 0 |
3. Ordinary resolution to re-elect Stephen Wright as a Director of the Company. | 42,174,771 | 99.99 | 4,017 | 0.01 | 0 |
4. Ordinary resolution to re-elect Neil Medley as a Director of the Company. | 41,434,748 | 98.20 | 744,040 | 1.79 | 0 |
5. Ordinary resolution to re-elect Christopher Clarke as a Director of the Company. | 42,174,771 | 99.99 | 3,017 | 1,000 | 0 |
6. Ordinary resolution to re-elect Michael Howell as a Director of the Company. | 42,174,271 | 99.99 | 3,517 | 1,000 | 0 |
7. Ordinary resolution to declare a final dividend for the year ended 31 December 2018 of 2.00 pence per Ordinary Share. | 42,178,788 | 100 | 0 | 0 | 0 |
8. Ordinary resolution to authorise the Directors to allot shares. | 37,752,514 | 89.51 | 4,425,274 | 10.49 | 1,000 |
9. THAT, for the purposes of section 197 Companies Act 2006, the making of a loan to Neil Medley, a director, be approved | 42,166,771 | 99.97 | 12,017 | 0.03 | 0 |
10. Special resolution to dis-apply pre-emption rights. | 37,749,255 | 89.50 | 4,428,533 | 10.50 | 1,000 |
The Company recognises that, while the majority of the shareholders were supportive of all the resolutions, a significant number of independent votes were cast against resolutions 8 and 10, which sought authority to allot ordinary shares in the Company and to dis-apply pre-emption rights respectively. The Company takes seriously its responsibility to understand shareholders' opinions and will continue to engage with its investors over the coming months to discuss any views they may have, as reflected in the votes on those resolutions, as part of its ongoing programme of engagement.
ENDS
For further information please visit www.gamaaviation.com or contact:
Gama Aviation Plc +44 (0) 1252 553029
Marwan Khalek, Chief Executive Officer
Camarco +44 (0) 20 3757 4992
Ginny Pulbrook
Geoffrey Pelham-Lane
Tom Huddart
Jefferies International +44 (0) 207 029 8000
Simon Hardy
Will Soutar
Gama Aviation - Notes to Editors
Gama Aviation Plc (AIM:GMAA) is a global business aviation services group that specialises in providing support for individuals, corporations and government agencies; allowing them to deliver on the promises they make.
The Group's services are split into two divisions: Air and Ground. Air services include aircraft management, special mission support and charter. Ground services cover aircraft maintenance services, aircraft modification design and installation, and Fixed Base Operations (FBO).
More details can be found at: http://www.gamaaviation.com/