Last checked at 16 Oct 2020 14:52
16 October 2020
Loungers plc
("Loungers" or "the Company")
Result of the Annual General Meeting ("AGM")
The Board is pleased to announce that all of the resolutions put to shareholders at today's AGM were passed by means of a poll, including the ordinary resolutions (resolutions 1 to 7) and special resolutions (resolutions 8 to 10) set out in the Company's notice of AGM dated 16 September 2020.
The final voting figures are shown below.
Resolution | Total Votes Cast | For (*) | Against | Withheld | ||
Number | % | Number | % | |||
1: To receive the annual report and accounts for the year ended 19 April 2020 | 85,290,167 | 85,290,167 | 100.00 | 0 | 0.00 | 0 |
2: To approve the Directors' Remuneration Report for the year ended 19 April 2020 | 85,290,167 | 81,038,655 | 95.02 | 4,251,512 | 4.98 | 0 |
3: To re-elect Alex Reilley as a Director | 85,289,237 | 85,289,237 | 100.00 | 0 | 0.00 | 930 |
4: To re-elect Nick Backhouse as a Director | 85,289,237 | 85,289,237 | 100.00 | 0 | 0.00 | 930 |
5: To re-appoint PricewaterhouseCoopers LLP as auditors of the Company | 85,289,237 | 85,289,237 | 100.00 | 0 | 0.00 | 930 |
6: To authorise the Audit Committee to set the auditors' remuneration | 85,289,237 | 85,289,237 | 100.00 | 0 | 0.00 | 930 |
7: To authorise the Directors to allot shares | 85,289,237 | 85,289,237 | 100.00 | 0 | 0.00 | 930 |
8: To authorise the Directors to disapply statutory pre-emption rights in respect of 5% of the Company's issued share capital | 85,289,237 | 82,589,113 | 96.83 | 2,700,124 | 3.17 | 930 |
9: To authorise the Directors to disapply statutory pre-emption rights in respect of an additional 5% of the Company's issued share capital | 85,289,237 | 82,589,113 | 96.83 | 2,700,124 | 3.17 | 930 |
10: To authorise the Company to buy back shares | 85,290,167 | 85,290,167 | 100.00 | 0 | 0.00 | 0 |
(*) = Includes discretionary votes
As at the date of the AGM, the number of issued shares and total voting rights of the Company was 102,400,000 shares. The Company's Articles of Association set out that every member who is present in person or by proxy shall have one vote for every share of which he is the holder on a poll.
For further information please contact:
Loungers plc Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer
| Via Instinctif Partners |
GCA Altium Limited (Financial Adviser and NOMAD) Sam Fuller / Katherine Hobbs / Tim Richardson
| Tel: +44 (0) 20 7484 4040 |
Liberum Capital Limited (Joint Broker) Andrew Godber / John Fishley
| Tel: +44 (0) 20 3100 2000 |
Peel Hunt LLP (Joint Broker) Dan Webster /George Sellar | Tel: +44 (0)20 7418 8900 |
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Instinctif Partners (Financial Public Relations) Justine Warren
| Tel: +44 (0) 207 457 2020 |