Last checked at 29 Sep 2023 07:00
For immediate release | 29 September 2023 |
REVOLUTION BEAUTY GROUP PLC
("Revolution Beauty", the "Group" or the "Company")
Results of AGM
Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator, announces that all resolutions proposed to shareholders were passed by the requisite majority at the Company's Annual General Meeting ("AGM") held yesterday at the offices of Macfarlanes LLP.
All 15 resolutions put to members were passed on a poll. Resolutions 1 to 12 were passed as ordinary resolutions and resolutions 13 to 15 were passed as special resolutions.
The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:
Votes 'for' | % of votes cast | Votes 'against' | % of votes cast | Votes withheld | Total votes cast | % of voting capital | |
Resolution 1(Receive annual report and accounts) | 163,163,513 | 99.29 | 1,172,500 | 0.72 | - | 164,336,013 | 51.64 |
Resolution 2(Elect Lauren Brindley) | 164,336,013 | 100.0 | - | 0.00 | - | 164,336,013 | 51.64 |
Resolution 3(Elect Neil Catto) | 158,084,946 | 96.49 | 5,747,823 | 3.52 | 503,244 | 164,336,013 | 51.48 |
Resolution 4(Elect Chris Fry) | 164,254,463 | 99.95 | 81,550 | 0.05 | - | 164,336,013 | 51.64 |
Resolution 5(Elect Peter Hallett) | 163,078,719 | 99.24 | 1,254,050 | 0.77 | 3,244 | 164,336,013 | 51.63 |
Resolution 6(Elect Colin Henry) | 164,251,219 | 99.95 | 81,550 | 0.05 | 3,244 | 164,336,013 | 51.63 |
Resolution 7(Elect Rachel Horsefield) | 164,254,863 | 99.95 | 81,150 | 0.05 | - | 164,336,013 | 51.64 |
Resolution 8(Elect Elizabeth Lake) | 114,931,495 | 70.14 | 48,920,143 | 29.99 | 484,375 | 164,336,013 | 51.48 |
Resolution 9(Elect Alistair McGeorge) | 163,024,463 | 99.20 | 1,311,550 | 0.80 | - | 164,336,013 | 51.64 |
Resolution 10(Re-appoint auditors) | 163,692,891 | 99.91 | 143,122 | 0.09 | 500,000 | 164,336,013 | 51.48 |
Resolution 11(Fix remuneration of auditors) | 164,331,990 | 100.00 | 3,244 | 0.01 | 779 | 164,336,013 | 51.63 |
Resolution 12(Authority to allot shares) | 164,208,164 | 99.92 | 127,849 | 0.08 | - | 164,336,013 | 51.64 |
Resolution 13(Authority to disapply pre-emption rights)* | 164,275,164 | 99.96 | 60,849 | 0.04 | - | 164,336,013 | 51.64 |
Resolution 14(Authority to disapply pre-emption rights (additional))* | 164,275,164 | 99.96 | 60,849 | 0.04 | - | 164,336,013 | 51.64 |
Resolution 15(Adopt new articles of association)* | 164,208,164 | 99.92 | 127,400 | 0.08 | 449 | 164,336,013 | 51.64 |
*Special resolution
The Board notes the significant votes received against resolution 8. Whilst the Directors are disappointed that shareholders have chosen to vote in this way, the Chairman will be happy to engage with the key shareholders on these issues going forward.
Notes:
1. Number of Company shares in issue 318,263,565.
2. The full text of each resolution is available in the Notice of Annual General Meeting, published on our website
3. A vote 'withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'for' or 'against' a resolution.
3. Revolution Beauty Group LEI: 21380083TTJWXK677H17.
For further information please contact:
Investor Relations Elizabeth Lake | Investor.Relations@revolutionbeautyplc.com
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Joint Corporate Brokers Zeus (NOMAD): Nick Cowles /Jamie Peel /Jordan Warburton Liberum: Clayton Bush / Edward Thomas / Miquela Bezuidenhoudt |
Tel: +44 (0) 161 831 1512 Tel: +44 (0) 203 100 2222 |
Media enquiries Headland Consultancy Matt Denham / Will Smith / Antonia Pollock | Tel: +44 (0)20 3805 4822 Revolutionbeauty@headlandconsultancy.com
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The person responsible for arranging the release of this announcement on behalf of the Company is Elizabeth Lake, the Chief Financial Officer of the Company.
