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13 May 2021 15:44
Luceco plc
(the "Company")
13 May 2021
Annual General Meeting ("AGM") Results
The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority. Each of the resolutions put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:
No. | Resolution
| For | Against
| Votes Withheld | Total issued share capital instructed | ||
Number of shares | % | Number of shares | % | Number of shares | % | ||
1 | To receive the Annual Report and Accounts | 130,487,552 | 99.997 | 3,500 | 0.003 | 425,000 | 81.15 |
2 | To declare a final dividend of 4.7 pence per ordinary share | 130,916,052 | 100.000 | 0 | 0.000 | 0 | 81.42 |
3 | To approve the Directors' Remuneration Report | 129,980,603 | 99.671 | 428,500 | 0.329 | 506,949 | 81.10 |
4 | To re-elect Giles Brandas a Director | 127,537,228 | 97.419 | 3,378,824 | 2.581 | 0 | 81.42 |
5 | To re-elect Caroline Brown as a Director | 130,905,452 | 99.997 | 3,500 | 0.003 | 7,100 | 81.41 |
6 | To re-elect John Hornbyas a Director | 130,912,552 | 99.997 | 3,500 | 0.003 | 0 | 81.42 |
7 | To re-elect Will Hoyas a Director | 130,905,452 | 99.997 | 3,500 | 0.003 | 7,100 | 81.41 |
8 | To re-elect Tim Surridgeas a Director | 130,905,452 | 99.997 | 3,500 | 0.003 | 7,100 | 81.41 |
9 | To elect Pim Vervaatas a Director | 130,905,452 | 99.997 | 3,500 | 0.003 | 7,100 | 81.41 |
10 | To re-elect Matt Webbas a Director | 130,693,865 | 99.836 | 215,087 | 0.164 | 7,100 | 81.41 |
11 | To re-appoint KPMG LLPas Auditor of the Company | 130,487,552 | 99.673 | 428,500 | 0.327 | 0 | 81.42 |
12 | To authorise the Audit Committee to determine the Auditor's remuneration | 130,912,552 | 99.997 | 3,500 | 0.003 | 0 | 81.42 |
13 | To make political donations and incur political expenditure | 129,449,605 | 99.208 | 1,033,685 | 0.792 | 432,762 | 81.15 |
14 | Authority to allot shares | 130,834,625 | 99.938 | 81,427 | 0.062 | 0 | 81.42 |
15* | Authority to disapply pre-emption rights | 130,902,273 | 99.994 | 7,779 | 0.006 | 6,000 | 81.41 |
16* | Authority to disapply pre-emption rights in limited circumstances | 130,476,365 | 99.671 | 430,687 | 0.329 | 9,000 | 81.41 |
17* | Authority for the Company to purchase its own shares | 130,482,865 | 99.669 | 433,187 | 0.331 | 0 | 81.42 |
18* | Authority to call general meetings (other than AGMs) on 14 clear days' notice | 130,737,487 | 99.864 | 178,565 | 0.136 | 0 | 81.42 |
* special resolution | |||||||
For the purposes of the FCA Listing Rules, the Luceco plc Concert Party (being EPIC Investments LLP, Giles Brand and John Hornby) is a controlling shareholder, whose votes accounted for 79,531,291 of votes received (40,064,372 shares, 9,466,919 shares and 30,000,000 shares respectively). Each resolution to re-elect independent non-executive directors (resolutions 5, 7, 8 and 9) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by: (i) the shareholders of the Company as a whole; and (ii) the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.
NOTES: |
| |
1. | All resolutions were passed. | |
2. | Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution. | |
3. | Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution. | |
4. | A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution. | |
5. | The number of shares in issue at close of business on 11 May 2021 was 160,800,000 (the "Share Capital") and at that time, the Company did not hold any shares in treasury. | |
6. | The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital. | |
7. | The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.lucecoplc.com | |
8. | A copy of resolutions 14-18 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. | |
9. | These poll results will be available shortly on the Company's website at www.lucecoplc.com | |
For further information please contact: |
| |
Luceco plc John Hornby, Chief Executive Officer Matt Webb, Chief Financial Officer | via MHP Communications 020 3128 8572 | |
MHP Communications Tim Rowntree James Bavister | 020 3128 8572 | |
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