Last checked at 30 Oct 2020 13:31
30 October 2020
GATELEY (HOLDINGS) PLC
("Gateley" or the "Company")
AIM: GTLY
Result of AGM
At the Annual General Meeting of Gateley, held today at 12.30pm, all the resolutions were passed on a show of hands. The result of the proxy voting is detailed below.
Resolution | Votes For* | Votes Against | Votes Withheld | |
1. | To receive the audited accounts of the Company | 60,405,837 | - | 716 |
2. | To approve the Directors' remuneration | 30,972,104 | 28,024,992 | 1,409,457 |
3. | To appoint Roderick Richard Waldie as a Director | 60,405,690 | 300 | 563 |
4. | To re-appoint Michael James Ward as a Director | 59,546,540 | 858,690 | 1,323 |
5. | To re-appoint Suzanne Frances Allison Thompson as a Director | 58,709,315 | 884,874 | 812,364 |
6. | To appoint MacIntyre Hudson LLP as auditors to the Company | 59,541,885 | 860,851 | 3,817 |
7. | To authorise the Directors to fix the remuneration of the auditors | 59,535,350 | 870,890 | 313 |
8. | To authorise the Directors to allot relevant securities | 60,400,783 | 5,457 | 313 |
9. | To authorise the Directors to allot equity securities | 60,400,783 | 5,457 | 313 |
10. | To authorise the Directors to allot equity securities for an acquisition or capital investment | 60,400,783 | 5,457 | 313 |
11. | To authorise the Company to purchase its own shares | 60,389,897 | 16,343 | 313 |
* Any proxy appointments, which gave discretion to the Chairman have been included in the 'For' votes total.
The Board notes that even though the resolution was passed, certain shareholders voted against Resolution 2, being the adoption of the Company's Remuneration Report. The Board is aware that, in some cases, such voting was influenced by a report produced by a proxy shareholder services company, which recommended to institutional shareholders that they vote against this resolution. The Board intends to engage both with the relevant institutional shareholders and the proxy shareholder services company itself to better understand their respective positions, as well as to explain to each why the Board believes that the findings in the report are not based upon all of the information which is relevant and are, therefore, inappropriate in this instance.
Enquiries:
Gateley (Holdings) Plc | |
Neil Smith, Finance Director | Tel: +44 (0) 121 234 0196 |
Nick Smith, Acquisitions Director and Head of Investor Relations | Tel: +44 (0) 20 7653 1665 |
Cara Zachariou, Head of Corporate Communications | Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946 |
finnCap - Nominated adviser and broker | Tel: +44 (0) 20 7220 0575 |
Matt Goode / James Thompson (Corporate Finance) | |
Andrew Burdis (ECM) | |
N+1 Singer - Joint broker | Tel: +44 (0) 20 7496 3000 |
Peter Steel (Corporate Finance) | |
Rachel Hayes (Corporate Broking) | |
Belvedere Communications Limited - Financial PR | |
Cat Valentine (cvalentine@belvederepr.com) | Mob: +44 (0) 7715 769 078 |
Keeley Clarke (kclarke@belvederepr.com) | Mob: +44 (0) 7967 816 525 |