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13 Jun 2025 15:29
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Pollen Street Group Limited
Β (the "Company")
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Results of Annual General Meeting
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The Company announces that at its Annual General Meeting held on Thursday, 12 June 2025, all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority.
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Resolutions 15 and 16 - approval of Rule 9 Waiver
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The Board is grateful for the engagement of shareholders and proxy agencies in our consultation exercise ahead of the AGM and is pleased that all resolutions were passed. The Board notes that, although they were approved, Resolutions 15 and 16 relating to the Rule 9 Waiver received less than 80% support (but still in excess of 70% support). The Company will continue to engage with proxy advisers and shareholders, on the rationale and merits of the Rule 9 Waiver, however, it notes that proposing and adopting those resolutions is necessary in order for the company to be able to effectively implement Resolutions 11 and 17, which were strongly supported.
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Β | VOTESFOR | % | VOTESAGAINST | % | VOTESTOTAL | % of ISC VOTED* | VOTESWITHHELD |
Resolution 1 | Β 49,098,063 | Β 99.76% | Β 115,819 | Β 0.24% | Β 49,213,882 | Β 81.36% | Β 40,480 |
Resolution 2 | Β 48,944,347 | Β 99.40% | Β 297,510 | Β 0.60% | Β 49,241,857 | Β 81.41% | Β 12,505 |
Resolution 3 | Β 40,309,156 | Β 84.80% | Β 7,226,391 | Β 15.20% | Β 47,535,547 | Β 78.59% | Β 1,718,815 |
Resolution 4 | Β 49,119,997 | Β 99.73% | Β 134,147 | Β 0.27% | Β 49,254,144 | Β 81.43% | Β 218 |
Resolution 5 | Β 42,146,669 | Β 85.57% | Β 7,107,475 | Β 14.43% | Β 49,254,144 | Β 81.43% | Β 218 |
Resolution 6 | Β 46,887,831 | Β 95.20% | Β 2,366,313 | Β 4.80% | Β 49,254,144 | Β 81.43% | Β 218 |
Resolution 7 | Β 44,085,590 | Β 89.51% | Β 5,168,554 | Β 10.49% | Β 49,254,144 | Β 81.43% | Β 218 |
Resolution 8 | Β 44,501,341 | Β 90.35% | Β 4,752,803 | Β 9.65% | Β 49,254,144 | Β 81.43% | Β 218 |
Resolution 9 | Β 49,244,692 | Β 99.98% | Β 9,452 | Β 0.02% | Β 49,254,144 | Β 81.43% | Β 218 |
Resolution 10 | Β 49,248,410 | Β 99.99% | Β 4,953 | Β 0.01% | Β 49,253,363 | Β 81.43% | Β 999 |
Resolution 11 | Β 43,223,017 | Β 87.92% | Β 5,936,127 | Β 12.08% | Β 49,159,144 | Β 81.27% | Β 95,218 |
Resolution 12 | Β 46,047,590 | Β 93.49% | Β 3,206,554 | Β 6.51% | Β 49,254,144 | Β 81.43% | Β 218 |
Resolution 13 | Β 44,963,821 | Β 92.14% | Β 3,834,171 | Β 7.86% | Β 48,797,992 | Β 80.67% | Β 456,370 |
Resolution 14 | Β 44,855,534 | Β 91.92% | Β 3,942,458 | Β 8.08% | Β 48,797,992 | Β 80.67% | Β 456,370 |
Resolution 15 | Β 19,429,392 | Β 72.82% | Β 7,251,456 | Β 27.18% | Β 26,680,848 | Β 44.11% | Β 17,886 |
Resolution 16 | Β 20,643,472 | Β 77.37% | Β 6,036,589 | Β 22.63% | Β 26,680,061 | Β 44.11% | Β 18,673 |
Resolution 17 | Β 46,085,526 | Β 93.58% | Β 3,163,939 | Β 6.42% | Β 49,249,465 | Β 81.42% | Β 4,897 |
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* Excludes the shares held in treasury at close of business on 10 June 2025.
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NOTES: | |
1. | Votes "For" and "Against" any resolution are expressed as a percentage (rounded to two decimal places) of votes validly cast for that resolution. Β |
2. | 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. Β |
3. | The number of shares in issue at close of business on 10 June 2025 was 60,488,496 and 3,721,101Β Ordinary Shares were held in treasury. The total number of voting rights in the Company was therefore 60,488,496. Up to 81.43% of voting capital was instructed. Β |
4. | 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 https://ir.pollenstreetgroup.com/investors/regulatory-announcements/ Β |
5. | Copies of resolutions will be made available for inspection from the National Storage Mechanism, situated at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism Β |
6. | These poll results (inclusive of proxy results lodged before the AGM) will be available shortly on the Company's website at https://ir.pollenstreetgroup.com/investors/regulatory-announcements/ Β |
7. Β | Each resolution to re-elect independent non-executive directors (resolutions 3, 5, 7, 8) has per Listing Rule 6.2.8R been approved by a majority of the votes cast by: (i) the shareholders of the Company as a wholeΝΎ and (ii) the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the Concert Party. Β |
8. Β | Per the Notice of AGM, the members of the Concert Party were not entitled to vote on the Authority for the Company to purchase its own shares or the Rule 9 Waiver Resolutions (resolutions 15 and 16). |
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For further information about this announcement please contact:
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Pollen Street Group Limited
Chris Palmer / Shweta Chugh: +44 (0)20 3728 6750
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Barclays Bank plc - Joint Broker
Neal West / Stuart Muress: +44 (0)20 7623 2323
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Investec - Joint Broker
Ben Griffiths / Kamalini Hull: +44 (0)20 7597 4000Β
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MUFG Corporate Governance Limited -Company Secretary
polncosec@cm.mpms.mufg.com
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FGS Global - Communications Advisor
Chris.Sibbald@fgsglobal.com
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13 June 2025
LEI: 894500LP94M98N8CY487
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