15 Feb 2017 15:00
Titon Holdings Plc ("Titon" or "the Company")
Result of Annual General Meeting
At the Annual General Meeting of the Company held at Titon's Head Office at 894 The Crescent, Colchester Business Park, Colchester, Essex, CO4 9YQ on 15 February 2017 at 11.00 a.m. all resolutions were passed on a show of hands.
Details of the proxy votes received in respect of each of the Resolutions put to the Annual General Meeting are detailed below and have been posted on the Company's web site at www.titonholdings.com
The following is a summary of the Forms of Proxy received up to the time of the Meeting:
RESOLUTIONS | Votes in favour | Percentage in favour | Votes against | Vote withheld | |
1 | To receive and adopt the reports of the Directors and the Auditors and the audited accounts of the Company for the year ended 30 September 2016. | 3,675,707 | 100.00 % | 0 | 0 |
2 | To declare a final dividend of 2.25 pence per share on the ordinary shares of the Company. | 3,675,707 | 100.00 % | 0 | 0 |
3 | To re-elect Mr Tyson Neil Anderson as a Director of the Company. | 3,675,707 | 100.00 % | 0 | 0 |
4 | To re-elect Mr John Neil Anderson as a Director of the Company. | 3,675,707 | 100.00 % | 0 | 0 |
5 | To re-elect Mr Kevin Sergeant as a Director of the Company. | 3,675,707 | 100.00 % | 0 | 0 |
6 | To re-elect Mr Tony Gearey as a Director of the Company. | 3,675,707 | 100.00 % | 0 | 0 |
7 | To re-appoint BDO LLP as Auditors of the Company and to authorise the Directors to determine their remuneration. | 3,675,707 | 100.00 % | 0 | 0 |
8 | To give the Directors authority to allot shares. | 3,675,707 | 100.00 % | 0 | 0 |
9 | To give the Directors power to allot share for cash otherwise than in accordance with statutory pre-emption rights. | 3,674,907 | 99.98 % | 800 | 0 |
10 | To receive and adopt the Directors' Remuneration Report for the year ended 30 September 2016. | 3,673,907 | 99.95 % | 0 | 1,800 |
11 | To give the Directors power to make market purchases of the Company's own shares. | 3,667,407 | 99.77 % | 8,300 | 0 |
Notes:
1 Where shareholders have appointed the Chairman of the meeting as their proxy, with discretion as to voting, those votes have been cast in favour of all resolutions.
2 A 'vote withheld' is not counted when deciding whether or not a resolution is passed.
3 The total number of Ordinary Shares in issue as at 11.00 a.m. on 15 February 2017 was 10,963,750.
In compliance with LR 9.6.1, the following documents will be submitted to the National Storage Mechanism and shortly be available for viewing at http://www.morningstar.co.uk/uk/NSM
Document: Resolutions passed by the shareholders at the AGM.
Document: The 2016 Annual Report & Financial Statements (which can also be viewed at or downloaded from the Company's corporate website at www.titonholdings.com).
DA RuffellCompany Secretary
15 February 2017
Titon (TON)