Volution Group plc Results of AGM (6830W)

TIDMFAN

RNS Number : 6830W

Volution Group plc

13 December 2023

Wednesday 13 December 2023

Volution Group plc

Results of Annual General Meeting

Volution Group plc ("Volution", the "Group" or the "Company", LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, announces that all resolutions put to the Annual General Meeting held at 12:00 noon on 13 December 2023 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    % OF 
                                                                                 (2)         TOTAL 
                                                                                             VOTES 
                                                                                             IN FAVOUR 
                                   Number        % of     Number       % of     Number 
                                    of votes      votes    of votes     votes    of votes 
                                                  cast                  cast 
                                  ------------  -------  -----------  -------  ---------- 
         Annual Report and 
 01       Accounts                 173,901,070   99.95    82,706       0.05     96,583      99.95 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Directors' Remuneration 
 02       Report                   159,904,502   91.86    14,175,329   8.14     528         91.86 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
 03      Remuneration Policy       169,991,789   97.73    3,948,373    2.27     140,197     97.73 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Deferred Share 
 04       Bonus Plan               172,531,058   99.11    1,544,809    0.89     4,492       99.11 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Long Term Incentive 
 05       Plan                     169,621,891   97.44    4,453,976    2.56     4,492       97.44 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
 06      Final dividend            174,078,845   100.00   1,486        0.00     28          100.00 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Re-elect Nigel 
 07       Lingwood                 171,341,629   98.43    2,738,556    1.57     174         98.43 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Re-elect Ronnie 
 08       George                   174,075,249   100.00   4,486        0.00     624         100.00 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
 09      Re-elect Andy O'Brien     174,039,116   99.98    40,619       0.02     624         99.98 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Re-elect Margaret 
 10       Amos                     170,496,834   97.94    3,582,901    2.06     624         97.94 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Re-elect Amanda 
 11       Mellor                   170,496,834   97.94    3,583,351    2.06     174         97.94 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Re-elect Claire 
 12       Tiney                    171,996,371   98.80    2,083,814    1.20     174         98.80 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Elect Jonathan 
 13       Davis                    174,073,922   100.00   4,486        0.00     1,951       100.00 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
 14      Appoint auditor           172,522,719   99.11    1,554,739    0.89     2,901       99.11 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Remuneration of 
 15       auditor                  174,074,855   100.00   5,330        0.00     174         100.00 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Authority to make 
 16       political donations      167,781,412   96.38    6,295,919    3.62     3,028       96.38 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Authority to allot 
 17       shares                   155,504,972   89.33    18,575,359   10.67    28          89.33 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Authority to disapply 
 18(3)    pre-emption rights       170,842,155   98.14    3,235,010    1.86     3,194       98.14 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Authority to make 
          market purchase 
 19(3)    of own shares            172,428,488   99.16    1,464,494    0.84     187,377     99.16 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
         Authority to call 
          a general meeting 
          on 14 clear days' 
 20(3)    notice                   162,106,237   93.12    11,973,644   6.88     478         93.12 
        ------------------------  ------------  -------  -----------  -------  ----------  ----------- 
 

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 12 December 2023, was 200,000,000 ordinary shares of 1 pence each, of which 2,206,186 ordinary shares are held as Treasury Shares. Therefore, the total voting rights are 197,793,814 ordinary shares (ordinary shareholders are entitled to one vote per ordinary share held).

   5.   The proxy votes received, amount to 88.01% of the total voting rights. 
   6.   Percentages are rounded to two decimal places. 

In accordance with Listing Rule 9.6.2, copies of the resolutions passed (other than those concerning ordinary business) will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The Notice of Annual General Meeting 2023 together with the Annual Report and Accounts 2023 can be found on the Company's website at: www.volutiongroupplc.com

- ends -

Enquiries:

Volution Group plc

Fiona Smith, Company Secretary

Legal Entity Identifier: 213800EPT84EQCDHO768

Notes to Editors:

Volution Group plc (LSE: FAN) is a leading international designer and manufacturer of energy efficient indoor air quality solutions. Volution Group comprises 22 key brands across three regions:

UK: Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Torin-Sifan.

Continental Europe: Fresh, PAX, VoltAir, Kair, Air Connection, Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation, VMI, I-Vent.

Australasia: Simx, Ventair, Manrose, DVS.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGMNKNBQNBDDNBD

(END) Dow Jones Newswires

December 13, 2023 09:00 ET (14:00 GMT)