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14 Oct 2022 15:45
14 October 2022
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 (1 to 6) and special resolutions (resolutions 7 to 10) set out in the Company's notice of AGM dated 25 August 2022.
The final voting figures are shown below.
Resolution | Total Votes Cast | For (*) | Against | Withheld | ||
Number | % | Number | % | |||
1: To receive the Company's audited accounts together with the reports thereon of the Directors and auditors | 95,091,233
| 85,749,841 | 93.34 | 6,116,240 | 6.66 | 3,225,152 |
2: To re-elect Gregor Grant as a Director | 95,091,233 | 95,089,240 | 100 | 0 | 0 | 1,993 |
3: To re-elect Adam Bellamy as a Director | 95,091,233 | 95,089,240 | 100 | 0 | 0 | 1,993 |
4: To re-appoint PricewaterhouseCoopers LLP as auditors of the Company | 95,091,233 | 95,089,480 | 100 | 1,753 | 0 | 0 |
5: To authorise the Audit Committee to set the auditors' remuneration | 95,091,233 | 95,089,480 | 100 | 823 | 0 | 930 |
6: To authorise the Directors to allot shares | 95,091,233 | 89,166,484 | 93.77 | 5,923,819 | 6.23 | 930 |
7: To authorise the Directors to disapply statutory pre-emption rights in respect of 5% of the Company's issued share capital | 95,091,233 | 89,146,284 | 93.75 | 5,943,819 | 6.25 | 1,130 |
8: To authorise the Directors to disapply statutory pre-emption rights in respect of an additional 5% of the Company's issued share capital | 95,091,233 | 89,146,284 | 93.75 | 5,944,019 | 6.25 | 930 |
9. To authorise the Company to buy back shares | 95,091,233 | 95,090,210 | 100 | 1,023 | 0 | 0 |
10. That a general meeting, other than an AGM, may be called on not less than 14 clear days' notice. | 95,091,233 | 95,070,410 | 99.98 | 20,823 | 0.02 | 0 |
(*) = Includes discretionary votes
As at the date of the AGM, the number of issued shares and total voting rights of the Company was 103,303,312 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 Powerscourt |
Houlihan Lokey UK Limited (Financial Adviser and NOMAD) Sam Fuller / Tim Richardson
| Tel: +44 (0) 20 7839 3355 |
| |
Powerscourt (Financial Public Relations) Rob Greening / Nick Hayns /Elizabeth Kittle
| Tel: +44 (0) 207 250 1446 |
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