Last checked at 27 Sep 2022 11:26
REDDE NORTHGATE PLC
("Redde Northgate" or the "Group" or the "Company")
27 September 2022
Redde Northgate plc - Result of AGM
Voting results for the AGM held on 27 September 2022
At the Annual General Meeting of Redde Northgate plc (the "Group") held at 10.30am on 27 September 2022 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 |
1. To receive the Directors' Report and audited accounts of the Company for the year ended 30 April 2022 | 194,268,359 | 99.99% | 1,200 | 0.01% | 194,409,792 | 79.00% | 140,233 |
2. To declare a final dividend of 15 pence per ordinary share payable to the shareholders on the register at the close of business on the 2nd September 2022 | 194,408,969 | 99.99% | 196 | 0.01% | 194,409,792 | 79.00% | 627 |
3. To approve the Directors' Remuneration Report | 191,110,460 | 98.85% | 2,217,031 | 1.15% | 194,405,985 | 79.00% | 1,078,494 |
4. To appoint PricewaterhouseCoopers LLP as auditor of the Company until the conclusion of the next AGM | 193,894,620 | 99.74% | 508,228 | 0.26% | 194,409,792 | 79.00% | 6,944 |
5. To authorise the Audit Committee to determine the remuneration of the auditor | 194,398,934 | 99.99% | 6,550 | 0.01% | 194,409,792 | 79.00% | 4,308 |
6. To re-elect Avril Palmer-Baunack as a director | 188,811,789 | 97.37% | 5,090,634 | 2.63% | 194,409,792 | 79.00% | 507,369 |
7. To re-elect Mark Butcher as a director | 191,161,206 | 98.33% | 3,241,068 | 1.67% | 194,409,792 | 79.00% | 7,518 |
8. To re-elect John Pattullo as a director | 191,907,049 | 98.97% | 1,995,047 | 1.03% | 194,409,792 | 79.00% | 507,696 |
9. To re-elect Philip Vincent as a director | 192,742,734 | 99.15% | 1,659,966 | 0.85% | 194,409,792 | 79.00% | 7,092 |
10. To re-elect Martin Ward as a director | 193,238,137 | 99.40% | 1,164,710 | 0.60% | 194,409,792 | 79.00% | 6,945 |
11. To re-elect Mark McCafferty as a director | 193,041,628 | 99.30% | 1,360,646 | 0.70% | 194,409,792 | 79.00% | 7,518 |
12. To elect Bindi Karia as a director | 194,100,596 | 99.85% | 299,728 | 0.15% | 194,408,020 | 79.00% | 7,696 |
13. To approve the Redde Northgate Share Incentive Plan and the International SIP | 194,387,109 | 99.99% | 14,156 | 0.01% | 194,409,792 | 79.00% | 8,527 |
14. That the Board be authorised to allot new shares up to an aggregate nominal value of £39,929,205 (see Notice of AGM) | 193,098,886 | 99.33% | 1,301,245 | 0.67% | 194,409,792 | 79.00% | 9,661 |
15. That subject to the passing of Resolution 14, 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) | 194,066,229 | 99.83% | 337,389 | 0.17% | 194,409,366 | 79.00% | 5,748 |
16. That subject to the passing of Resolution 14, 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) | 193,494,538 | 99.53% | 909,506 | 0.47% | 194,409,792 | 79.00% | 5,748 |
17. That a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice. | 191,580,765 | 98.55% | 2,827,000 | 1.45% | 194,409,792 | 79.00% | 2,027 |
18. That the Company be permitted to make market purchases of its ordinary shares (see Notice of AGM) | 193,631,197 | 99.74% | 506,683 | 0.26% | 194,409,792 | 79.00% | 271,912 |
19. That the Company be permitted to make market purchases of its preference shares (see Notice of AGM) | 194,131,562 | 99.99% | 6,318 | 0.01% | 194,409,792 | 79.00% | 271,912 |
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 23 September 2022 (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 10,757,927 ordinary shares in treasury on 23 September 2022 (being the record date for voting at the meeting) there were 235,333,496 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.
For further information, please contact:
Redde Northgate plc
James Kerton, Company Secretary 44 (0)1325 467 558