Last checked at 21 Sep 2018 10:21
21 September 2018
Thruvision Group plc
("Thruvision" or the "Group")
Result of Annual General Meeting
Thruvision (AIM: THRU) the specialist provider of people-screening technology to the international security market, announces that following the Annual General Meeting ("AGM") of shareholders held earlier today at the offices of Osborne Clarke LLP, One London Wall, London EC2Y 5EB, all resolutions were duly passed by the requisite majority. The number of proxies received in respect of each resolution were as follows:
| Resolution | Total votes for | % | Total votes against | % | Total votes cast |
| Votes withheld |
1. | Receipt of directors and auditors report | 89,118,648 | 100 | nil | nil | 89,118,648 |
| 4,670 |
2. | Approval of remuneration report | 59,383,596 | 66.63 | 29,738,303 | 33.37 | 89,121,899 |
| 1,419 |
3. | Re-election of Paul Taylor | 89,107,927 | 99.98 | 15,391 | 0.02 | 89,123,318 |
| nil |
4. | Election of Ian Lindsay | 89,117,927
| 99.99
| 5,391
| 0.01
| 89,123,318
|
| nil |
5. | Appointment of Auditors | 89,117,927
| 99.99 | 5,319 | 0.01 | 89,123,318
|
| nil |
6. | Authority for Directors to set Auditors remuneration
| 89,118,648 | 99.99
| 4,670
| 0.01
| 89,123,318
|
| nil |
7. | Rule amendment to the LTIP | 89,102,608 | 99.98
| 15,391
| 0.02
| 89,117,999
|
| 5,319 |
8. | Authority for Directors to allot equity securities
| 89,077,579 | 99.95 | 40,420 | 0.05 | 89,117,999 |
| 5,319 |
9. | Authority for Directors to allot equity securities for cash on a non-premptive basis
| 89,057,849 | 99.93 | 65,469 | 0.07 | 89,123,318 |
| nil |
10. | Authority for Directors to allot equity securities for cash in respect of an acquisition or other capital project. | 89,057,849 | 99.93 | 65,469 | 0.07 | 89,123,318 |
| nil |
11. | Authority for the Company to make market purchases of its own Ordinary Shares | 89,077,579
| 99.95
| 40,420
| 0.05
| 89,117,999
|
| 5,319 |
| ||||||||
Notes
1. Any proxy appointments which gave discretion to the Chairman have been included in the 'Total votes for' total.
2. A 'Vote Withheld' is not a valid vote in law and was not counted in the calculation of the proportion of the votes 'for' or 'Against' a resolution.
The Board has noted that in excess of 33% of proxy votes received voted against the approval of the Remuneration Report. The Board continues to engage closely with shareholders, and it is the intention of the Chairman to discuss this matter, and any other shareholder concerns, with major shareholders on the investor roadshow following the announcement of interim results in December 2018. In addition, the Chairman of the Remuneration committee is always available to discuss any remuneration concerns that any shareholder may have.
For further information please contact:
Thruvision Group plc +44 (0)1235 436180
Tom Black, Executive Chairman
Colin Evans, Managing Director
Investec Bank plc +44 (0)20 7597 5970
Andrew Pinder / Sebastian Lawrence / Patrick Robb
FTI Consulting LLP +44 (0)20 3727 1000
Edward Bridges / Matt Dixon / Harry Staight
About Thruvision
Thruvision Group plc is a specialist provider of people-screening technology that can detect weapons, explosives and contraband hidden under clothing. Developed with extensive support from the British and US Governments, Thruvision technology is operationally proven and is being used to enhance the security of transport hubs, borders, high profile buildings and public areas.
www.thruvision.com