Last checked at 26 Sep 2023 12:45
Redde Northgate Plc - Result of AGMRedde Northgate Plc - Result of AGM
PR Newswire
LONDON, United Kingdom, September 26
REDDE NORTHGATE PLC
("Redde Northgate" or the "Group" or the "Company")
26 September 2023
Redde Northgate plc - Result of AGM
Voting results for the AGM held on 26 September 2023
At the Annual General Meeting of Redde Northgate plc (the "Group") held at 10.30am on 26 September 2023 the total number of votes received on a poll on each resolution were as follows:
| Resolutions | Votes For | % of Votes | Votes Against | % of Votes | Total Votes | Votes cast as % of Issued Share Capital | Votes Withheld |
| To receive the Directors' Report and audited accounts of the Company for the year ended 30 April 2023 | 183,836,575 | 99.99% | 3176 | 0.01% | 183,839,751 | 80.73% | 330,871 |
| To declare a final dividend of 16.5 pence per ordinary share payable to the shareholders on the register at the close of business on the 1st September 2023 | 183,874,531 | 99.85% | 277,970 | 0.15% | 184,152,501 | 80.73% | 18,121 |
| To approve the Directors' Remuneration Report | 159,494,928 | 86.62% | 24,628,102 | 13.38% | 184,123,030 | 80.73% | 47,592 |
| To approve the Directors' Remuneration Policy | 181,801,834 | 98.74% | 2322108 | 1.26% | 184,123,942 | 80.73% | 46,680 |
| To appoint PricewaterhouseCoopers LLP as auditor of the company to hold office until the conclusion of the next AGM. | 183,474,867 | 99.65% | 650,488 | 0.35% | 184,125,355 | 80.73% | 45,267 |
| To authorise the Audit Committee to determine the remuneration of the auditor | 184,114,213 | 99.99% | 10,865 | 0.01% | 184,125,078 | 80.73% | 45,544 |
| To re-elect Mark Butcher as a director | 181,628,370 | 98.65% | 2481204 | 1.35% | 184,109,574 | 80.73% | 61,048 |
| To re-elect Bindi Karia as a director | 181,766,777 | 98.73% | 2,343,775 | 1.27% | 184,110,552 | 80.73% | 60,070 |
| To re-elect Mark McCafferty as a director | 183,072,683 | 99.44% | 1,038,141 | 0.56% | 184,110,824 | 80.73% | 59,798 |
| To re-elect Avril Palmer-Baunack as a director | 174,863,684 | 94.98% | 9,251,291 | 5.02% | 184,114,975 | 80.73% | 55,647 |
| To re-elect John Pattullo as a director | 181,612,315 | 98.65% | 2,482,666 | 1.35% | 184,094,981 | 80.73% | 75,641 |
| To re-elect Philip Vincent as a director | 182,435,867 | 99.09% | 1,679,167 | 0.91% | 184,115,034 | 80.73% | 55,588 |
| To re-elect Martin Ward as a director | 183,083,543 | 99.44% | 1,036,740 | 0.56% | 184,120,283 | 80.73% | 50,339 |
| To elect Nicola Rabson as a director | 183,870,500 | 99.87% | 240,552 | 0.13% | 184,111,052 | 80.73% | 59,570 |
| That the Board be authorised to allot new shares up to an aggregate nominal value of £38,202,308 (see Notice of AGM) | 182,113,840 | 98.91% | 2015568 | 1.09% | 184,129,408 | 80.73% | 41,214 |
| That subject to the passing of Resolution 15, the Board be authorised to allot equity shares for cash and/or sell ordinary shares outside the pre-emption rights in the Companies Act (see Notice of AGM) | 181,495,968 | 98.57% | 2,630,010 | 1.43% | 184,125,978 | 80.73% | 44,644 |
| That subject to the passing of Resolution 15, the Board be authorised to disapply statutory pre-emption rights in respect of transactions which the board determines to be an acquisition or other capital investment (see Notice of AGM) | 180,541,425 | 98.05% | 3,591,633 | 1.95% | 184,133,058 | 80.73% | 37,564 |
| That the Company be permitted to make market purchases of its ordinary shares (see Notice of AGM) | 183,536,743 | 99.72% | 520,277 | 0.28% | 184,057,020 | 80.73% | 113,602 |
| That the Company be permitted to make market purchases of its preference shares (see Notice of AGM) | 165,579,574 | 89.96% | 18,477,723 | 10.04% | 184,057,297 | 80.73% | 113,325 |
| That a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice. | 181,089,448 | 98.34% | 3,054,519 | 1.66% | 184,143,967 | 80.73% | 26,655 |
Notes:
1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
2. The Group's issued capital (excluding treasury shares) on 22 September 2023 (being the record date for voting at the meeting) was 246,091,423 ordinary shares of 50p each and 1,000,000 preference shares of 50 pence each which do not carry voting rights on the above resolutions. Each ordinary share carries the right to one vote and, as the Company held 17,957,571 ordinary shares in treasury on 22 September 2023 (being the record date for voting at the meeting) there were 228,133,852 voting rights in the Group.
3. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
4. In accordance with Listing Rules 9.6.2R and 9.6.3R, a copy of the resolutions passed, other than resolutions concerning ordinary business, will shortly be submitted to the National Storage Mechanism for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please contact:
Redde Northgate plc
James Kerton, Company Secretary 44 (0)1325 467 558