23 Nov 2016 15:20
For Immediate Release | 23 November 2016 |
ScS Group plc ("the Company")
Result of AGM
The Company announces that at its Annual General Meeting held earlier today, all of the resolutions, as set out in the Notice of Meeting, were duly passed on a poll.
The votes were as follows:
Resolution (No. as noted on proxy form) | VOTES FOR | % | VOTES AGAINST | % | VOTES WITHHELD | VOTES TOTAL | % of ISC VOTED |
1 | 35,104,963 | 100.00 | 1,560 | 0.00 | 799 | 35,107,322 | 87.75 |
2 | 35,102,763 | 99.99 | 3,760 | 0.01 | 799 | 35,107,322 | 87.75 |
3 | 35,104,963 | 100.00 | 1,560 | 0.00 | 799 | 35,107,322 | 87.75 |
4 | 35,102,763 | 99.99 | 3,760 | 0.01 | 799 | 35,107,322 | 87.75 |
5 | 35,104,963 | 100.00 | 1,560 | 0.00 | 799 | 35,107,322 | 87.75 |
6 | 35,104,963 | 100.00 | 1,560 | 0.00 | 799 | 35,107,322 | 87.75 |
7 | 35,102,763 | 99.99 | 3,760 | 0.01 | 799 | 35,107,322 | 87.75 |
8 | 35,104,963 | 100.00 | 1,560 | 0.00 | 799 | 35,107,322 | 87.75 |
9 | 35,102,763 | 99.99 | 3,760 | 0.01 | 799 | 35,107,322 | 87.75 |
10 | 33,077,763 | 99.99 | 3,760 | 0.01 | 2,025,799 | 35,107,322 | 87.75 |
10* | 14,969,216 | 99.97 | 3,760 | 0.03 | 2,025,799 | 16,998,775 | 77.62 |
11 | 35,102,763 | 99.99 | 3,760 | 0.01 | 799 | 35,107,322 | 87.75 |
11* | 16,994,216 | 99.98 | 3,760 | 0.02 | 799 | 16,998,775 | 77.62 |
12 | 35,102,763 | 99.99 | 3,760 | 0.01 | 799 | 35,107,322 | 87.75 |
13 | 32,140,138 | 91.55 | 2,966,385 | 8.45 | 799 | 35,107,322 | 87.75 |
14 | 35,102,763 | 99.99 | 3,760 | 0.01 | 799 | 35,107,322 | 87.75 |
15 | 35,079,810 | 99.92 | 26,713 | 0.08 | 799 | 35,107,322 | 87.75 |
16 | 16,989,749 | 99.99 | 1,560 | 0.01 | 18,899 | 17,010,208 | 42.52 |
*Independent Shareholder Votes Only
As described in detail in the related party transaction circular published by the Company on 25 October 2016 (the "Circular"), the Relevant Directors, the Former Director and the Relevant Shareholder and their associates have not voted on Resolution 16 in respect of their aggregate shareholding of 18,686,821 ordinary shares, representing approximately 46.71 per cent. of the Company's existing ordinary share capital.
Following the passing of Resolution 16, and as described in detail in the Circular, the Company has today entered into a deed of release in respect of the Relevant Shareholder and a deed of release in respect of the Relevant Directors and the Former Director.
Unless otherwise defined, terms in this announcement shall have the same meanings as those defined in the Circular.
The number of the Company's shares in issue as at the date of the meeting was 40,009,109 ordinary shares of 0.1p.
Please note that each share carries one vote and that a 'vote withheld' is not a vote in law and will not be counted in the calculation of the proportion of the votes for and against the resolution. Any proxy appointments which gave discretion to the Chairman have been included in the votes for total.
Copies of the Resolutions will be submitted to the UK Listing Authority and will shortly be available to the public for inspection at: www.morningstar.co.uk/uk/NSM.
Enquiries:
ScS Group PLC David Knight, Chief Executive Officer Chris Muir, Chief Financial Officer | c/o Buchanan +44 (0)20 7466 5000 |
Buchanan Richard Oldworth Jane Glover Madeleine Seacombe | Tel: +44 (0)20 7466 5000 scs@buchanan.uk.com |
Investec Garry Levin David Flin George Price Alex Wright
| Tel: +44 (0) 20 7597 5970
|