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24 May 2023 16:41
PETERSHILL PARTNERS PLC
RESULTS OF AGM
LONDON - 24 May 2023 - Petershill Partners plc (the "Company") (LSE: PHLL) is pleased to announce that at the second Annual General Meeting ("AGM") held at 1.00 pm (BST) today, 24 May 2023, each of the Resolutions were duly passed without amendment. Resolutions 12, 13, 14, 15 and 16 were proposed as special resolutions and all other resolutions were proposed as ordinary resolutions.
Resolutions | FOR | AGAINST |
TOTAL VOTES CAST
| Votes withheld | ||
No. of votes | % | No. of votes | % | No. of votes | No. of votes | |
Resolution 1 To receive the annual accounts of the Company for the financial year ended 31 December 2022, together with the reports of the Directors and the Auditor. |
1,044,716,011
|
100
|
28,500
|
0
|
1,044,744,511
|
369
|
Resolution 2 To approve the Directors' Remuneration Report. |
1,044,703,611
|
100
|
38,400
|
0
|
1,044,742,011
|
2,869
|
Resolution 3 To approve a final dividend of 11 pence per Ordinary Share. |
1,044,714,911
|
100
|
29,600 |
0
|
1,044,744,511 |
369
|
Resolution 4 To re-appoint PricewaterhouseCoopers LLP as external auditor of the Company. |
1,044,716,011
|
100 |
28,500 |
0 |
1,044,744,511 |
369
|
Resolution 5 To authorise the Audit Committee to determine the remuneration of the auditor. |
1,044,716,011
|
100
|
28,500
|
0
|
1,044,744,511
|
369
|
Resolution 6 To re-elect Naguib Kheraj as a Director. |
1,044,088,211
|
99.94
|
656,300
|
0.06
|
1,044,744,511
|
369
|
Resolution 7 To re-elect Everard Barclay Simmons as a Director. |
1,044,715,211
|
100
|
29,300
|
0
|
1,044,744,511 |
369
|
Resolution 8 To re-elect Annemarie Durbin as a Director. |
1,044,715,211
|
100
|
29,300
|
0 |
1,044,744,511 |
369
|
Resolution 9 To re-elect Erica Handling as a Director. |
1,044,715,211
|
100
|
29,300
|
0
|
1,044,744,511
|
369
|
Resolution 10 To re-elect Mark Merson as a Director. |
1,044,715,211
|
100
|
29,300
|
0
|
1,044,744,511 |
369
|
Resolution 11 To authorise the Company to allot Ordinary Shares. |
1,029,792,287
|
98.57
|
14,949,724
|
1.43
|
1,044,742,011 |
2,869
|
Resolution 12* To disapply pre-emption rights. |
1,010,472,480
|
96.72
|
34,269,531
|
3.28 |
1,044,742,011 |
2,869
|
Resolution 13* To disapply additional pre-emption rights |
1,010,434,195
|
96.72
|
34,307,816 |
3.28
|
1,044,742,011
|
2,869
|
Resolution 14* To authorise the Company to make market purchases of its own shares. |
1,044,706,111
|
100
|
38,400
|
0 |
1,044,744,511
|
369
|
Resolution 15* General Meetings, other than an AGM, may be called on not less than 14 clear days' notice |
1,044,447,244
|
99.97
|
297,267
|
0.03
|
1,044,744,511
|
369
|
Resolution 16* To authorise the reduction of capital. |
1,044,714,911
|
100
|
29,600
|
0
|
1,044,744,511
|
369 |
* Special Resolutions requiring a 75% majority
Notes
A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
The total number of shares on the register at the close of business on 22 May 2023, being those eligible to be voted on at the AGM, was 1,135,399,597.
This announcement is made pursuant to the requirements of Listing Rules 9.6.2 and 9.6.18. Copies of the Special Resolutions approved by shareholders will be submitted as soon as practicable to the UK Listing Authority and will shortly be available for inspection via the National Storage Mechanism: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The results will also be made available on the Company's website: https://www.petershillpartners.com/homepage.html
-ENDS-
Ocorian Administration (UK) Limited (Company Secretary)
Emma Wood +44 777 5658 193
gsam@ocorian.com
Analyst / Investor enquiries:
Gurjit Kambo |
+44 (0) 207 051 2564 PHP-Investor-Relations@gs.com |
Media enquiries:
Brunswick Group Simone Selzer |
+44 (0) 207 404 5959 phll@brunswickgroup.com |
Issued by Petershill Partners plc LEI: 213800HTCF8A7XM22A32
Registered in England and Wales no. 13289144
Registered office: 5th Floor 20 Fenchurch Street, London, England, EC3M 3BY
ABOUT PETERSHILL PARTNERS plc.
Petershill Partners plc (the "Company" or "Petershill Partners") and its Subsidiaries (the "Group") is a diversified, global alternatives investment group focused on private equity and other private capital strategies. Through our economic interests in alternative asset management firms ("Partner-firms"), we provide investors with exposure to the growth and profitability of the alternative asset management industry. The Company completed its initial acquisition of the portfolio of Partner-firms on 28 September 2021 and was admitted to listing and trading on the London Stock Exchange on 1 October 2021 (ticker: PHLL). The Company is operated by Goldman Sachs Asset Management ("Goldman Sachs" or the "Operator") and is governed by a diverse and fully independent Board of Directors (the "Board").
Through our Partner-firms, we have exposure to $283 billion of Aggregate Partner-firm AuM, comprising a diverse set of more than 200 long-term private equity and other private capital funds where capital is typically locked in over a multi-year horizon. These underlying funds generate recurring management fees and the opportunity for meaningful profit participation over the typical 8+ year lifecycles of such funds. We believe our approach is aligned with the founders and managers of our Partner-firms and, as a result, allows the Company to participate in these income streams in a way that provides high-margin, diversified and stable cash flows for our shareholders.
For more information, visit https://www.petershillpartners.com/homepage.html. Information on the website is not incorporated by reference into this press release and is provided merely for convenience.
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