27 Sep 2019 11:53
27 September 2019
Real Good Food plc
("RGF" or "the Company")
Result of AGM
The Company announces that at its Annual General Meeting (the "Meeting") held yesterday, all proposed Resolutions, with the exception of Resolutions 5, 7 and 8, were duly passed on a show of hands.
Resolution 5 to re-appoint Hugh Cawley as a director was moved to not be put to a vote by the Chairman; Hugh Cawley having resigned from his role as a director of the Company after the notice of the Meeting had been issued, as announced on 3 September 2019. At the request of certain minority shareholders present, the Resolution was put to the Meeting by means of a poll. The Resolution was not passed.
Resolution 7 to authorise the directors of the Company to allot shares was put to the Meeting and voted on by means of a poll. Resolution 7 was duly passed by a majority.
Resolution 8, a special resolution, to authorise the directors of the Company to not apply pre-emption rights, was put to the Meeting and voted on by means of a poll. Resolution 8 was not passed.
In relation to the three resolutions voted on by means of a poll, the Company's three major shareholders abstained from voting on Resolutions 7 and 8 and two of the major shareholders abstained from voting on Resolution 5.
The Board notes the significant votes against certain resolutions by minority shareholders and intends to engage actively with minority shareholders.
The result of all proxy votes (as updated for the poll votes on Resolutions 5,7 and 8 as described above) was as follows:
Resolution | Voting Method | Votes For | Votes Against | Votes withheld | Total Votes Cast (excluding withheld) | ||
No of Shares | % of shares voted | No of shares | % of shares voted | No of shares | |||
1 | Proxy | 9,033,034 | 67.00% | 4,450,000 | 33.00% | 13,483,034 | |
2 | Proxy | 13,478,734 | 99.97% | 4,300 | 0.03% | 13,483,034 | |
3 | Proxy | 9,028,734 | 66.96% | 4,454,300 | 33.04% | 13,483,034 | |
4 | Proxy | 9,025,925 | 66.94% | 4,457,109 | 33.06% | 13,483,034 | |
5 | Poll | 6,833,810 | 18.56% | 29,989,222 | 81.44% | 36,823,032 | |
6 | Proxy | 9,033,810 | 67.00% | 4,450,000 | 33.00% | 13,483,810 | |
7 | Poll | 9,012,498 | 61.36% | 5,675,692 | 38.64% | 23,339,566 | 14,688,190 |
8 | Poll | 9,011,887 | 61.35% | 5,676,303 | 38.65% | 23,339,566 | 14,688,190 |
Total shares in issue as at 26 September 2019: 99,564,430
Enquiries:
Real Good Food plc Mike Holt, Executive Chairman Maribeth Keeling, Finance Director | Tel: 0151 541 3790
|
finnCap Limited (Nomad and Broker) Matt Goode / Carl Holmes / James Thompson (Corporate Finance) | Tel: 020 7220 0500 |
MHP Communications (Financial PR) Reg Hoare / Katie Hunt
| Tel: 020 3128 8100 rgf@mhpc.com |
About Real Good Food Real Good Food plc is a food manufacturing business serving a number of market sectors including retail (own label and private label), manufacturing and export. The Company has two businesses, Cake Decoration (Renshaw and Rainbow Dust Colours) and Food Ingredients (Brighter Foods), with leading brands in their chosen markets. | |