Stock Spirits Group PLC Result of AGM (9877F)

TIDMSTCK

RNS Number : 9877F

Stock Spirits Group PLC

23 May 2017

23 May 2017

Stock Spirits Group PLC

AGM Poll Results

AGM Poll Results

At the Company's AGM held today, all the resolutions set out in the 2017 Notice of Meeting were approved by the shareholders by way of a poll. The results of the poll for each resolution were as follows:

 
 Details                           For -     For -      Against   Against      Number 
                                 (No. of     (% of      (No. of     (% of    of Votes 
                                  shares    shares       shares    shares    Withheld 
                                  voted)    voted)       voted)    voted) 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 1 
  To receive the 
  Accounts, the 
  Directors', Strategic 
  and Auditor's 
  Reports                    161,311,642   100.00%            0     0.00%     188,439 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 2 
  To approve the 
  Directors' Remuneration 
  Report                     120,948,261    74.91%   40,509,520    25.09%      42,300 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 3 
  To approve the 
  Directors' Remuneration 
  Policy                     128,658,271    79.66%   32,841,810    20.34%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 4 
  To declare a 
  final dividend             161,500,081   100.00%            0     0.00%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 5 
  To re-elect Mr 
  David Maloney 
  as a Director              113,036,852    69.99%   48,463,229    30.01%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 6 
  To re-elect Mr 
  John Nicolson 
  as a Director              161,250,760    99.85%      249,321     0.15%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 7 
  To re-elect Mr 
  Miroslaw Stachowicz 
  as a Director              160,634,036    99.46%      866,045     0.54%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 8 
  To re-elect Mrs 
  Lesley Jackson 
  as a Director              160,675,922    99.49%      824,159     0.51%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 9 
  To re-elect Mr 
  Randy Pankevicz 
  as a Director              143,857,393    89.08%   17,642,688    10.92%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 10 
  To elect Mr Diego 
  Bevilacqua as 
  a Director                 161,251,310    99.85%      248,771     0.15%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 11 
  To elect Mr Michael 
  Butterworth as 
  a Director                 161,230,000    99.83%      270,081     0.17%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 12 
  To elect Mr Tomasz 
  Blawat as a Director       161,251,310    99.85%      248,771     0.15%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 13 
  To re-appoint 
  KPMG as Auditor            161,499,426   100.00%          655     0.00%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 14 
  To authorise 
  the Audit Committee 
  to determine 
  the Auditor's 
  remuneration               161,450,472   100.00%          655     0.00%      48,954 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 15 
  Amendment to 
  the rules of 
  the Performance 
  Share Plan                 161,416,398    99.95%       83,183     0.05%         500 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 16 
  To authorise 
  the Directors 
  to allot ordinary 
  shares                     146,303,029    90.59%   15,197,052     9.41%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 17* 
  To dis-apply 
  pre-emption rights         141,135,747    87.39%   20,363,834    12.61%         500 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 18* 
  To dis-apply 
  pre-emption rights 
  in connection 
  with an acquisition 
  or specified 
  capital investment         146,446,830    90.68%   15,052,751     9.32%         500 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 19* 
  To authorise 
  the Company to 
  buy back its 
  own shares                 148,813,876    92.15%   12,685,705     7.85%         500 
--------------------------  ------------  --------  -----------  --------  ---------- 
 Resolution 20* 
  To allow general 
  meetings to be 
  held on not less 
  than 14 clear 
  days' notice               151,637,248    93.89%    9,862,832     6.11%           0 
--------------------------  ------------  --------  -----------  --------  ---------- 
 

*Special Resolution

Notes:

   1.       All resolutions were passed 
   2.       Votes "For" and "Against" are expressed as a percentage of votes received. 

3. 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.

4. Total number of shares in issue at 6pm on 19 May 2017 was 200,000,000 ordinary shares. 80.75% of voting capital was instructed.

5. The Company notes that, at the 2017 AGM, a significant number of votes were cast against the following resolutions: to approve the remuneration report, to approve the remuneration policy and the re-election of David Maloney. The Company will discuss these resolutions with shareholders and understand the reasons for the votes cast against them.

As required by the Listing Rules, copies of the AGM resolutions numbers 17-20 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:

 
 Lesley Jackson, Chief 
  Financial Officer 
  Sally Kenward, Company                                   [phone] 
  Secretary                                                [phone] 
  Powerscourt:                                             [phone] 
   Rob Greening                              [e-mail] 
   Lisa Kavanagh 
  Investors can also address any query to [e-mail]. 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 23, 2017 08:37 ET (12:37 GMT)