Last checked at 12 Aug 2020 14:00
12 August 2020
Premier Foods plc ('Premier Foods' or the 'Company')
Annual General Meeting 2020
Result of AGM
Premier Foods announces that at the Company's AGM held today, all of the resolutions proposed were passed with the required majorities by way of a poll. At the Meeting the Chairman gave the following update on trading:
"Regarding current trading, July was a particularly strong month exhibiting a similar sales pattern to that of Q1. We continue to expect this to be a transitionary quarter, with trading normalising as consumers gradually return to eating out of the home. Our recently upgraded expectations for FY20/21 remain unchanged."
The poll results are set out below and will also be available on the Company's website later today: www.premierfoods.co.uk
Resolution | For | % | Against | % | Total cast | % of ISC voted | Votes withheld* |
1. To receive the 2019/20 annual report. | 588,910,599 | 99.98% | 100,834 | 0.02% | 589,011,433 | 69.31 | 638,793 |
2. To approve the Directors' Remuneration Report. | 587,453,313 | 99.64% | 2,137,099 | 0.36% | 589,590,412 | 69.38 | 59,815 |
3. To approve the Directors' Remuneration Policy. | 569,672,002 | 96.65% | 19,748,413 | 3.35% | 589,420,415 | 69.36 | 229,811 |
4. To elect Colin Day as a director. | 580,271,053 | 98.46% | 9,058,658 | 1.54% | 589,329,711 | 69.35 | 320,515 |
5. To elect Alex Whitehouse as a director. | 587,261,640 | 99.61% | 2,274,560 | 0.39% | 589,536,200 | 69.37 | 114,027 |
6. To elect Duncan Leggett as a director. | 586,395,604 | 99.47% | 3,140,095 | 0.53% | 589,535,699 | 69.37 | 114,528 |
7. To elect Helen Jones as a director. | 589,405,041 | 99.98% | 134,100 | 0.02% | 589,539,141 | 69.37 | 111,086 |
8. To elect Tim Elliott as a director. | 589,346,579 | 99.97% | 165,144 | 0.03% | 589,511,723 | 69.37 | 138,504 |
9. To re-elect Richard Hodgson as a director. | 588,010,517 | 99.74% | 1,509,021 | 0.26% | 589,519,538 | 69.37 | 130,689 |
10. To re-elect Simon Bentley as a director. | 581,924,536 | 98.71% | 7,593,304 | 1.29% | 589,517,840 | 69.37 | 132,387 |
11. To re-elect Pam Powell as a director. | 588,062,574 | 99.75% | 1,470,272 | 0.25% | 589,532,846 | 69.37 | 117,381 |
12. To re-elect Shinji Honda as a director. | 587,040,359 | 99.57% | 2,509,207 | 0.43% | 589,549,566 | 69.37 | 100,661 |
13. To re-elect Daniel Wosner as a director. | 580,891,199 | 98.53% | 8,653,615 | 1.47% | 589,544,814 | 69.37 | 105,413 |
14. To re-elect Orkun Kilic as a director. | 580,875,048 | 98.53% | 8,655,766 | 1.47% | 589,530,814 | 69.37 | 119,413 |
15. To re-appoint KPMG LLP as auditor. | 589,352,443 | 99.98% | 98,556 | 0.02% | 589,450,999 | 69.36 | 199,228 |
16. To approve the remuneration of the auditor. | 589,508,753 | 99.98% | 91,869 | 0.02% | 589,600,622 | 69.38 | 49,605 |
17. To approve the Premier Foods plc Long Term Incentive Plan 2020. | 587,819,102 | 99.70% | 1,766,830 | 0.30% | 589,585,932 | 69.38 | 64,294 |
18. To approve the authority to make political donations. | 588,855,878 | 99.87% | 762,640 | 0.13% | 589,618,518 | 69.38 | 31,709 |
19. To approve the authority to allot shares. | 570,054,092 | 96.68% | 19,559,425 | 3.32% | 589,613,517 | 69.38 | 36,710 |
20. To renew the authority to disapply pre-emption rights. | 589,239,854 | 99.95% | 322,521 | 0.05% | 589,562,375 | 69.37 | 87,852 |
21. To renew the authority to disapply pre-emption rights for an acquisition or a specified capital investment. | 574,071,187 | 97.37% | 15,478,783 | 2.63% | 589,549,970 | 69.37 | 100,256 |
22. To approve the notice period for general meetings. | 570,929,946 | 96.84% | 18,651,152 | 3.16% | 589,581,098 | 69.38 | 69,129 |
*A vote withheld is not counted as a vote in law and therefore is not counted in the % of votes "for" or "against" a resolution. The total number of shares in issue as at 10 August 2020 was 849,835,739 ordinary shares of 10p each.
In accordance with Listing Rule 9.6.2, copies of the resolutions in respect of the special business approved at the AGM will be submitted to the Financial Conduct Authority's National Storage Mechanism (NSM), and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
~ Ends ~
For further information contact:
Simon Rose
General Counsel & Company Secretary
Tel: 01727 815850