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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Flowtech Fluidpower Plc | LSE:FLO | London | Ordinary Share | GB00BM4NR742 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12.65 | 12.73% | 112.00 | 108.00 | 112.00 | 112.00 | 100.50 | 100.50 | 235,949 | 16:12:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Fluid Powr Cylindrs,actuatrs | 114.77M | -6.25M | -0.1017 | -11.01 | 68.87M |
From Apr 2022 to Apr 2024
TIDMFLO
RNS Number : 6112N
Flowtech Fluidpower PLC
01 June 2022
Issued on behalf of Flowtech Fluidpower plc
Wednesday, 1 June 2022
FLOWTECH FLUIDPOWER PLC
ANNUAL GENERAL MEETING - RESULTS OF VOTING
and
TOTAL VOTING RIGHTS
Flowtech Fluidpower plc ('the Company') held its Annual General Meeting (AGM) at 10am today at the Company's Registered Office, and as a view-only virtual event via the Investor Meet Company platform (IMC). All Resolutions as previously set out in the Notice of Meeting dated 5 May 2022, were duly passed.
The Company recognises that a large proportion of the votes were cast against Resolution 11. The Board takes seriously its responsibilities to maintain a healthy dialogue with shareholders and will engage with them to better understand their views.
The AGM was compliant with legal requirements for the AGM in accordance with the Company's Articles of Association. It had the necessary quorum present and was purely functional and comprised only of the formal votes for each Resolution.
Shareholders were able to submit any questions regarding the business prior to the AGM via the Company website as detailed in the Notice of Meeting (NOM) dated 5 May 2022. No questions relating to the Resolutions were submitted ahead of the AGM by shareholders either via the Company investor website or the viewing platform Investor Meet Company (IMC) during or after the conclusion of the formal business.
The table below shows the proxy position of all Resolutions:
Hot Features
Premium
RESOLUTIONS FOR AGAINST WITHHELD
(including Discretion)
No. of votes % No. of votes % No. of votes
--------------- -------- ------------ ------- -------------
Resolution 1
To receive the Company's
Annual Report and
Accounts, Strategic
Report and Directors'
and Auditors' Reports
for the year ended
31 December 2021 31,097,916 99.46% 169,018 0.54 % 0
--------------- -------- ------------ ------- -------------
Resolution 2
To approve a final
dividend in respect
of the year ended
31 December 2021 of
2.0p per ordinary
share 31,102,636 100% 0 0 164,298
--------------- -------- ------------ ------- -------------
Resolution 3
To reappoint Ailsa
G Webb as a Director
of the Company 31,266,934 100% 0 0
--------------- -------- ------------ ------- -------------
Resolution 4
To reappoint Jamie
Brooke as a Director
of the Company 31,266,934 100% 0 0
--------------- -------- ------------ ------- -------------
Resolution 5
To reappoint Russell
Cash as a Director
of the Company 31,266,934 100% 0 0
--------------- -------- ------------ ------- -------------
Resolution 6
To reappoint Bryce
Brooks as a Director
of the Company 31,266,934 100% 0 0
--------------- -------- ------------ ------- -------------
Resolution 7
To reappoint Nigel
Richens as a Director
of the Company 25,391,840 81.21% 5,875,094 18.79% 0
--------------- -------- ------------ ------- -------------
Resolution 8
To reappoint Roger
McDowell as a Director
of the Company 31,090,282 99.44% 176,652 0.56% 0
--------------- -------- ------------ ------- -------------
Resolution 9
To reappoint Grant
Thornton UK LLP as
Auditors of the Company 31,248,069 99.94% 18,865 0.06% 0
--------------- -------- ------------ ------- -------------
Resolution 10
To authorise the Directors
to determine the remuneration
of the Auditors 31,266,934 100% 0 0
--------------- -------- ------------ ------- -------------
Resolution 11
To authorise the Directors
to allot relevant
shares in the Company 19,993,286 63.95% 11,270,148 36.05% 3,500
--------------- -------- ------------ ------- -------------
Resolution 12
Disapplication of
pre-emption rights
Subject to the passing
of resolution 11,
to authorise the Directors
to allot shares for
cash without first
offering them to existing
Shareholders on a
pro--rata basis 25,170,455 80.51% 6,092,979 19.49% 3,500
--------------- -------- ------------ ------- -------------
Resolution 13
To authorise the Company
to make market purchases
in its own Shares
(representing up to
10% of the issued
share capital) 31,243,709 99.94% 19,725 0.06% 3,500
--------------- -------- ------------ ------- -------------
Notes:
1. The 'for' vote includes those giving discretion to the Chairman
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. Ordinary shareholders are entitled to one vote per share held
4. The Annual Report and Financial Statements for the period ended 31 December 2021, together with the NOM, are available to view on the Company's website www.flowtechfluidpowerplc.com
5. This announcement will be available on the Company's investor website within: https://www.flowtechfluidpower.com/investors/regulatory-news
DIVID
Following the approval by Shareholders a dividend of 2.0p per ordinary share in respect of 2021 will be paid on 22 July 2022 to Members on the Register as at 1 July 2022, with an ex-dividend date of 30 June 2022.
TOTAL VOTING RIGHTS (TVR)
For the purposes of the Financial Conduct Authority's ("FCA") Disclosure and Transparency Rules, a t today's date, 1 June 2022, there were 61,492,673 Flowtech Fluidpower plc ordinary shares of GBP0.50 each in issue. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares carrying voting rights in the Company is 61,492,673. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.
ENQUIRIES:
------------------------------------------------------------
FLO WTECH FLUIDPOWER PLC
Bryce Brooks, Chief Executive
Russell Cash, Chief Financial Officer
Tel: +44 (0) 1695 52759
Email: info@flowtechfluidpower.com
www.flowtechfluidpower.com
Liberum Capital Limited (Nominated adviser and Sole Broker)
Richard Lindley / Ben Cryer / William Hall / Will King
Tel: +44 (0) 20 3100 2000
TooleyStreet Communications (IR and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
or email : fiona@tooleystreet.com
ABOUT FLOWTECH FLUIDPOWER PLC
Founded as Flowtech in 1983, the Flowtech Fluidpower Group is a group
of specialist fluid power businesses. Working in partnership with customers
and suppliers, we deliver essential components, customer solutions and
high-quality servicing support to keep global industry moving. The business
joined the AIM market in 2014. Since the start of 2021, the Group has
been operating under three distinct branded segments : with Flowtech
and Fluidpower Group Solutions forming what was 'Components', and Fluidpower
Group Services the remainder. To read more about the Group please visit
www.flowtechfluidpower.com .
-----------------------------------------------------------------------------------------------
Segment: What we do: Locations:
----------------- ---------------------------------------- ----------------------------------
Flowtech Supply of both hydraulic and pneumatic Flowtechnology Benelux
consumables, predominantly through (Deventer)
distribution for maintenance and Flowtech - Skelmersdale,
repair operations across all industry Leicester & Oldbury
markets and supported by supply
agreements direct to a broad range
of original equipment manufacturers.
Channels to market:
E-commerce websites, customer
white label e-commerce websites,
catalogues, own and customer trade
counters.
----------------- ---------------------------------------- ----------------------------------
Fluidpower Supply specialist technical hydraulic Primary Fluid Power Components
Group Solutions components & systems predominantly (Skelmersdale)
into OEMs and end-user channels Nelson Hi-Power Hydraulics
to all industry markets and supported (Dublin, Dungannon, UK)
by supply agreements direct to HTL (Ludlow)
a broad range of manufacturer Hi-Power Hydraulics (Cork,
brands. Dublin, Belfast )
Hydroflex (Brussels, Rotterdam
Channels to market: and OudBeijerland)
Engineering collaboration, e-commerce. Hydraulic Equipment Supermarkets
(Gloucester, Leeds)
Derek Lane & Co (Newton
Abbot, Devon)
HES Tractec (Gloucester)
----------------- ---------------------------------------- ----------------------------------
Fluidpower Bespoke design, manufacturing, Primary Fluid Power Systems
Group Services commissioning, installation, and (Knowsley)
servicing of systems to manufacturers Branch Hydraulic Systems
of specialised industrial and and HES Automatec (Gloucester)
mobile hydraulic OEMs and additionally HES Lubemec (Gloucester)
a wide range of industrial end HES Onsite (Leeds, Gloucester)
users. Capital project-based revenue. Flow Connect (Gloucester)
Orange County (Spennymoor)
Channels to market:
In-house design and build, combined
with on-site installation, servicing
and support.
----------------- ---------------------------------------- ----------------------------------
All the Group's divisions have overlapping product sets, allowing procurement
synergies to be maximised. The above segments are supported by a centralised
back-office team based in Wilmslow, Cheshire. In total, the business
employed 612 people during the year. For more information please visit,
Our business | Flowtech Fluidpower plc
Flowtech Fluidpower plc
Registered Office,
Bollin House, Bollin Walk
Wilmslow,
Cheshire, SK9 1DP
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END
RAGBXGDLCBGDGDB
(END) Dow Jones Newswires
June 01, 2022 09:23 ET (13:23 GMT)
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