Volution Group plc Result of AGM (2863Z)

TIDMFAN

RNS Number : 2863Z

Volution Group plc

13 December 2017

Wednesday 13 December 2017

Volution Group plc

Results of Annual General Meeting

Volution Group plc (the "Company", LSE: FAN) a leading supplier of ventilation products to the residential and commercial construction markets, announces that all resolutions put to the Annual General Meeting held at 12:00 noon on 13 December 2017 at Norton Rose Fulbright LLP, 3 More London Riverside, London SE1 2AQ, were duly passed on a poll. The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.

 
 Resolution                       FOR (1)                 AGAINST               WITHHELD     TOTAL 
                                                                                 (2)          VOTE 
-------------------------------  ----------------------  --------------------  -----------  ------------ 
                                  Number        % of      Number       % of     Number       Number 
                                   of votes      votes     of votes     votes    of votes     of votes 
                                                 cast                   cast 
-------------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Annual Report 
 01      and Accounts             170,764,165   100.00%   0            0.00%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Directors' Remuneration 
 02      Policy                   168,196,529   98.50%    2,567,636    1.50%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Directors' Remuneration 
 03      Report                   135,363,751   85.10%    23,708,930   14.90%   11,691,484   170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
 04     Final Dividend            170,764,165   100.00%   0            0.00%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Re-elect Peter 
 05      Hill, CBE                169,615,929   99.33%    1,148,236    0.67%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Re-elect Ian 
 06      Dew                      170,764,165   100.00%   0            0.00%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Re-elect Ronnie 
 07      George                   170,764,165   100.00%   0            0.00%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Re-elect Paul 
 08      Hollingworth             169,635,580   99.34%    1,128,585    0.66%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Re-elect Tony 
 09      Reading, MBE             169,635,580   99.34%    1,128,585    0.66%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Re-elect Claire 
 10      Tiney                    169,632,580   99.34%    1,128,585    0.66%    3,000        170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
 11     Re-appoint auditor        169,345,762   100.00%   0            0.00%    1,418,403    170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Remuneration 
 12      of auditor               170,764,165   100.00%   0            0.00%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Authority to 
         incur political 
 13      donations                159,920,802   93.65%    10,843,363   6.35%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Authority to 
 14      allot shares             158,858,907   93.03%    11,905,258   6.97%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Authority to 
 15      disapply pre-emption 
  (3)    rights                   161,794,958   94.75%    8,968,210    5.25%    997          170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Authority to 
 16      purchase ordinary 
  (3)    shares                   168,878,405   99.16%    1,438,054    0.84%    447,706      170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Approval of 
 17      Volution Sharesave 
  (3)    Scheme                   170,764,165   100.00%   0            0.00%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
        Authority to 
         call a general 
         meeting on 14 
 18      clear days' 
  (3)    notice                   163,093,982   95.51%    7,670,183    4.49%    0            170,764,165 
-----  ------------------------  ------------  --------  -----------  -------  -----------  ------------ 
 

Notes:

1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.

2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

   3.   Indicates Special Resolutions requiring a 75% majority to be passed. 

4. The Company's total ordinary shares in issue as at 13 December 2017, was 200,000,000 ordinary shares of 1 pence each, of which 1,154,102 ordinary shares are held as Treasury Shares. Therefore the total voting rights are 198,845,898 ordinary shares (ordinary shareholders are entitled to one vote per ordinary share held).

5. The proxy votes received, including votes withheld, amount to 85.88% of the total voting rights.

In accordance with UK Listing Rule 9.6.2 copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

The Notice of Annual General Meeting 2017 together with the Annual Report and Accounts 2017 can be found on the Company's website at:

http://www.volutiongroupplc.com/investors/reports-results-and-presentations

- ends -

Enquiries:

Volution Group plc

   Michael Anscombe, Company Secretary                               [phone] 

Legal Entity Identifier: 213800EPT84EQCDHO768

Note to Editors:

Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics and Central Europe.

The Volution Group operates through two divisions: the Ventilation Group and the OEM (Torin-Sifan) division. The Ventilation Group consists of 13 key brands - Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Fresh, PAX, VoltAir System, Welair, inVENTer, Brüggemann and Ventilair, focused primarily on the UK, the Nordic and Central European ventilation markets. The Ventilation Group principally supplies ventilation products for residential and commercial ventilation applications. The OEM (Torin-Sifan) division supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe.

For more information, please go to: www.volutiongroupplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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December 13, 2017 12:02 ET (17:02 GMT)