6 Feb 2020 11:29
6 February 2020
Stock Spirits Group PLC
AGM Poll Results
At the Company's AGM held today, all of the resolutions set out in the 2020 Notice of Meeting were approved by the shareholders by way of a poll, with the exception of Western Gate Private Investments' ("Western Gate") requisitioned ordinary resolution 20.
The Board notes that 20.89% of votes cast were against the Remuneration Report, and 23.22% against the Remuneration Policy. The Group remains committed to ongoing dialogue with our shareholders and, as part of the development of the new Remuneration Policy, we will reflect on feedback received from shareholders. A further update on these matters will be included in the Group's Annual Report.
With regard to Western Gate's requisitioned ordinary resolution 20, it is noted that 13.97% of votes cast were 'for' the resolution, of which 12.14% were represented by Western Gate and 1.83% from other shareholders.
The results of the poll for each resolution were as follows:
Details | For - (No. of shares voted) | For - (% of shares voted) | Against (No. of shares voted) | Against (% of shares voted) | Number of Votes Withheld |
Resolution 1 To receive the Accounts, the Directors', Strategic and Auditor's Reports | 163,775,889 | 100.00% | 0 | 0.00% | 1,009,993 |
Resolution 2 To approve the Directors' Remuneration Report | 130,353,924 | 79.11% | 34,431,957 | 20.89% | 0 |
Resolution 3 To approve the Directors' Remuneration Policy | 126,528,713 | 76.78% | 38,257,168 | 23.22% | 0 |
Resolution 4 To declare a final dividend | 164,785,882 | 100.00% | 0 | 0.00% | 0 |
Resolution 5 To re-elect Mr David Maloney as a Director | 137,844,119 | 85.37% | 23,613,998 | 14.63% | 3,327,764 |
Resolution 6 To re-elect Mr John Nicolson as a Director | 142,652,757 | 86.57% | 22,130,850 | 13.43% | 2,275 |
Resolution 7 To re-elect Mr Miroslaw Stachowicz as a Director | 162,933,936 | 98.88% | 1,849,671 | 1.12% | 2,275 |
Resolution 8 To re-elect Mr Paul Bal as a Director | 162,690,304 | 98.73% | 2,093,303 | 1.27% | 2,275 |
Resolution 9 To re-elect Mr Diego Bevilacqua as a Director | 142,654,253 | 98.54% | 2,111,000 | 1.46% | 20,020,629 |
Resolution 10 To re-elect Mr Michael Butterworth as a Director | 142,655,032 | 98.54% | 2,112,496 | 1.46% | 20,018,354 |
Resolution 11 To re-elect Mr Tomasz Blawat as a Director | 142,901,755 | 98.71% | 1,863,498 | 1.29% | 20,020,629 |
Resolution 12 To re-elect Kate Allum as a Director | 142,658,123 | 98.54% | 2,107,130 | 1.46% | 20,020,629 |
Resolution 13 To re-appoint KPMG as Auditor | 164,781,574 | 100.00% | 4,308 | 0.00% | 0 |
Resolution 15 To authorise the Audit Committee to determine the Auditor's remuneration | 164,781,574 | 100.00% | 2,033 | 0.00% | 2,275 |
Resolution 15 To authorise the Directors to allot ordinary shares | 151,756,268 | 92.09% | 13,027,339 | 7.91% | 2,275 |
Resolution 16* To dis-apply pre-emption rights | 161,519,811 | 98.02% | 3,263,796 | 1.98% | 2,275 |
Resolution 17* To dis-apply pre-emption rights in connection with an acquisition or specified capital investment | 150,112,512 | 91.10% | 14,671,094 | 8.90% | 2,275 |
Resolution 18* To authorise the Company to buy back its own shares | 163,796,002 | 99.52% | 790,086 | 0.48% | 199,792 |
Resolution 19* To allow general meetings to be held on not less than 14 clear days' notice | 143,817,285 | 87.28% | 20,968,597 | 12.72% | 0 |
Requisitioned Resolution 20 To approve a special dividend
| 23,022,251 | 13.97% | 141,763,240 | 86.03% | 390 |
*Special Resolution
Notes:
1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the % of shares voted "For" or "Against" a resolution.
3. Total number of shares in issue at 6pm on 4 February 2020 was 200,000,000 ordinary shares. 82.39% of voting capital was instructed.
4. Western Gate holds 10% of the issued share capital of the company.
As required by the Listing Rules, copies of the AGM resolutions numbers 16-19 will be made available for inspection from the National Storage Mechanism, situated at: www.morningstar.co.uk/uk/NSM
These poll results will be available shortly on the Company's website at www.stockspirits.com
Further Enquiries:
Stock Spirits Group:
Paul Bal, Chief Financial Officer Sally Kenward, Company Secretary
| +44 (0) 1628 648 500 +44 (0) 1628 648 500
| ||
| Powerscourt: Rob Greening Lisa Kavanagh
|
| +44 (0) 207 250 1446 stockspirits@powerscourt-group.com |
| Investors can also address any query to investorqueries@stockspirits.com. | ||